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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
Napa
Additional Travel Information
When you and your family are on vacation in California, Napa car rentals will help you drive to the sites you want to enjoy. Rental cars afford you the flexibility to drive to locations in the area such as Skyline Wilderness Park to the east of the city or Westwood Hills Park to the west. These parks provide opportunity for you and your family to hike and enjoy breathtaking scenery.Budget Rent a Car on Soscol Ave has a variety of car rentals available when you’re looking for a good Napa rental car deal. Conveniently located, the Budget car rental on Soscol Ave offers discounts for checking out rental cars at neighborhood locations like Soscol Ave. So if you’re looking for a rental car to get you around Napa be sure to check out the Budget Soscol Ave location and find the vehicle that suits you and your family.With the right Napa rental car deal at Soscol Ave in Napa, you’ll be ready to tour the surrounding California valleys. Head west to Sonoma and Boyes Hot Springs and visit the Fairmont Sonoma Mission Inn Spa for a relaxing Watsu treatment or soak in the natural mineral water pool. To the south, you can explore the San Pablo Bay National Wildlife Refuge or take a day to enjoy Six Flags Discovery Kingdom. When you headquarter along Soscol Ave Napa, car rentals help you and your family explore the sites that appeal to you. Whether you want to see historical sites and museums, visit amusement parks or explore the outdoors, contact Budget Rent a Car on Soscol Avenue to book a rental in 60 seconds.
Additional Location Information
Select from a wide variety of vehicles at Budget Napa, check out the latest Napa Car Rental Deals, and be confident that you are getting the best rental rates in California !
Book a Car Rental at Napa in 60 seconds!
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