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Our Factsheet
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.
Quick History
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:
Location
Hyannis Steamship Terminal
Additional Travel Information
Called the Capital of the Cape, Hyannis is a village in Barnstable, Massachusetts, and is in close proximity to both Nantucket Island and Martha’s Vineyard. Thanks to its location on Cape Cod, it is a top destination for recreational boaters and fishing. To ensure that you can get around the village and visit nearby attractions, be sure to look into Hyannis car rentals from Budget car rental Steamship Terminal. Steamship Terminal in Hyannis is close to the Hyannis Marina and is just south of Massachusetts 28, which runs east to west along the coast through Barnstable. Budget is a short distance away from a number of top-rated seafood restaurants, the Kalmus Park Beach and the Veterans Memorial Park. It is also just a few miles from the Cape Cod Mall and the Cape Cod Inflatable Park. Budget Rent a Car at Steamship Terminal offers an impressive variety of car rentals. Along with a standard selection of coupes and sedans ranging from economy to premium, there is also a number of larger options, including SUVs and even full-size passenger vans. If you’re interested in reducing your carbon footprint, you can get a Hyannis rental car deal on a hybrid from the Steamship Terminal Budget. Book online with Budget Steamship Terminal and you can save as much as 30 percent on the cost of rental cars by paying in advance. Be sure to register for Fastbreak today, and you can speed through rental pickup and just flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget Hyannis Steamship Terminal, check out the latest Hyannis Steamship Terminal Car Rental Deals, and be confident that you are getting the best rental rates in Massachusetts !
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