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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
Golden Nugget Hotel
Additional Travel Information
Along with being well-known for gambling, resort hotels and its nightlife, Las Vegas, Nevada, is also the cultural seat of the state. Visitors to the self-proclaimed Entertainment Capital of the World have access to world-class shopping at Las Vegas Premium Outlets and more AAA Five Diamond hotels than in any other city in the world. To be sure that you can visit the famous Las Vegas Strip, you’ll want to get a rental car from Budget Rent a Car at the Golden Nugget Hotel.If you’re looking to save some money on your trip, consider a 2- or 4-door compact or economy vehicle, but if you want to travel in style when you drive through the Fremont Street Experience, you can select a convertible or luxury car. The Budget at Golden Nugget Hotel also offers larger vehicles, including minivans and SUVs, for family vacations or those traveling in groups. Just south of the Las Vegas Expressway off Interstate 15, the Golden Nugget Hotel Budget is an excellent place to pick up your rental vehicle. From the Golden Nugget Hotel in Las Vegas, you can either visit the Las Vegas Convention Center, spend some time at the Planet Hollywood Resort and Casino or try your luck at the The Venetian. Las Vegas is also located in the Mojave Desert, so you can also tour the Red Rock Canyon National Conservation Area to the west or the Clark County Wetlands Park to the east.When you book with Budget Car Rental Golden Nugget Hotel, don’t forget to also sign up for Fastbreak. As a RapidRez member, you can skip the line and just show your ID to pick up your rental car.
Additional Location Information
Select from a wide variety of vehicles at Budget Golden Nugget Hotel, check out the latest Golden Nugget Hotel Car Rental Deals, and be confident that you are getting the best rental rates in Nevada !
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