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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
Convention Plaza
Additional Travel Information
Las Vegas is one of the world’s most fascinating cities. Budget Rent a Car at Convention Plaza is the place to go to find a car rental that will allow you and your family to get the most out of your trip. Budget at Convention Plaza is conveniently located at 3041 Las Vegas Boulevard, next door to many hotels and casinos on The Strip. At Budget, you can find all types of vehicles, from economical subcompacts and hybrids to large cars and SUVs. We also have luxury models, such as the Lincoln MKS. Vehicles come with features such as remote keyless entry, CD players, climate control, dual airbags and more. At Budget Car Rental at Convention Plaza, you can find the vehicle that is just right for your Las Vegas trip.While in Las Vegas, you should seek out some of the city’s many family-friendly attractions, such as the Conservatory and Botanical Gardens at Bellagio, which features an assortment of exotic plants and flowers from all over the world. The Fremont Street Experience, a pedestrian mall that has a variety of shops, restaurants and live entertainment, is always fun for exploring, shopping and dining. Kids will love Adventuredome Theme Park at Circus Circus, which has amazing rides and entertainment all day long. Once you pick up your car at Budget Car Rental at Convention Plaza, you’ll be able to conveniently travel from one exciting destination to another.When you plan your trip to Las Vegas, make sure Convention Plaza in Las Vegas is your first stop. Once you have a reliable and comfortable rental car, all of the city’s attractions will be within easy reach.
Additional Location Information
Select from a wide variety of vehicles at Budget Convention Plaza, check out the latest Convention Plaza Car Rental Deals, and be confident that you are getting the best rental rates in Nevada !
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