Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Hilton Head Airport
Additional Travel Information
Hilton Head Island is located on a gorgeous semi-tropical barrier island on the Atlantic Ocean and is famous for its beaches and golf courses. Travelers in the know arriving at Hilton Head Island Airport (HHH) make their first stop Budget Car Rental. It’s located in the airport terminal and offers excellent HHH car rental deals on a wide selection of Hilton Head Island Airport rental cars.
Enjoy a family drive to the nearly 9 miles of pristine Atlantic Ocean beaches where you can walk or bike the length of the island or just lounge in the sand. The most popular Hilton Head Island beaches can be found at the Disney Resort Beach Club and South Beach.
Harbour Town is the heart of Hilton Head Island, and features a superb mix of clothing and home décor boutiques, native art galleries, fine and casual dining options, dolphin watching, kayaking, deep sea fishing excursions, and a candy-striped lighthouse that offers a spectacular view of the marina. Golf enthusiasts will appreciate the area’s premier golf courses, like Arthur Hills, George Fazio, and Robert Trent. They’re some of the best greens in America all of which have reasonable greens fees.
When it comes to Hilton Head Island airport car rentals, choose the travelers to South Carolina trust for great deals on quality airport car rentals. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Hilton Head Airport, check out the latest Hilton Head Airport Car Rental Deals, and be confident that you are getting the best rental rates in South Carolina !
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