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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.

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About this location:

Location

Mountain View

Additional Travel Information

Named for its breathtaking view of the Santa Cruz Mountains, Mountain View, California borders the San Francisco bay and is home to a number of technology companies, including Google and Symantec. While on your vacation, it’s a good idea to plan on taking advantage of Mountain View car rentals at Budget Rent a Car on Old Middlefield Way to ensure that you don’t have to rely on public transportation and can visit neighboring cities.Budget on Old Middlefield Way is located in the northern part of the city and is just a few miles from the Bayshore Freeway and Interstate 280, also called the Junipero Serra Freeway. The Old Middlefield Way location offers a wide variety of rental cars, including everything from compact coupes to full-size and premium sedans. Getting a Mountain View rental car deal on an SUV may be a good idea if you’re on a family trip because it offers plenty of seating room and storage space.Once you’ve picked up your rental vehicle from Budget Car Rental on Old Middlefield Way, you can be at the Shoreline Park or the Center for Performing Arts in just a few minutes. From Old Middlefield Way in Mountain View, you can head east and visit San Jose or drive north and visit San Francisco.Register for Fastbreak today to make your car rentals through Budget even easier. When you sign up for Fastbreak, you are able to provide all of your rental information in advance, which allows you to skip the line at the counter.

Additional Location Information

Select from a wide variety of vehicles at Budget Mountain View, check out the latest Mountain View Car Rental Deals, and be confident that you are getting the best rental rates in California !
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