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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
Lihue Airport
Additional Travel Information
Once you visit Kauai – Hawaii, it will stay in your heart and mind forever. Rental cars are the best way to get around Kauai once you leave the Lihue airport since the island has one major roadway, and you can make sure that your family travels comfortably since a variety of vehicle sizes is available. You can rent a mid-size sedan, high-end luxury car or even a minivan. For convenience, the Budget Rent a Car Lihue Airport desk is open late. Our Lihue rental desk location is also easy to find, ensuring your trip has a smooth start. While visiting Kauai, be sure to stop by one of the town’s roadside rental shops to pick up your snorkel gear. You can rent it for the duration of your stay, and with a vehicle from our Budget Lihue Airport location, you’ll be able to drive to Po’ipu Beach to snorkel, swim or just enjoy the sun and sand. Car rentals give you a way to get to some of Kauai’s amazing hiking trails. The island features the Grand Canyon of the Pacific, and you can see it by visiting the Koke’e State Park and hiking along one of the trails that leads to Waimea Canyon. If you book a vehicle at our Budget car rental Lihue Airport desk, you’ll have access to transportation as soon as you arrive. In addition, when you select Budget as your car rental agency, you can add amenities like GPS technology and satellite radio. A Lihue rental car deal makes getting a vehicle affordable, so call us for a reservation today or book online at Budget.com and save up to 35 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget Lihue Airport, check out the latest Lihue Airport Car Rental Deals, and be confident that you are getting the best rental rates in Hawaii !
Book a Car Rental at Lihue Airport in 60 seconds!
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