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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
North Hollywood
Additional Travel Information
If you’re on vacation in the Golden State, you’ll want to look into North Hollywood car rentals to ensure that you can get the most out of your trip. California is an enormous state, and North Hollywood is filled with attractions and fairly close to a number of other popular destinations, including major Los Angeles landmarks.Budget Rent a Car Lankershim Boulevard is located in the heart of the city, and it is just a few minutes away from the Hollywood Freeway and Interstate 5, which is also known in this area as the Golden State Freeway. The Budget located at Lankershim Boulevard North Hollywood offers a wide selection of automobiles to rent, including compact cars, SUVs and passenger vans. If you’re trying to save money, consider economy 2- or 4-door car rentals.From Budget Lankershim Boulevard, you can head off to visit the NoHo Arts District, home to a variety of theaters and art galleries. There are also a number of parks and places to take in and enjoy the area’s beautiful weather and scenery, including the Pierce Brothers Valhalla Memorial Park and Valley Plaza Park. Lankershim Boulevard is also fairly close to popular neighboring cities, so once you’ve gotten a North Hollywood rental car deal, you may want to head off to Disneyland or to visit the Los Angeles Zoo and Botanical Gardens.To make getting rental cars even easier at Budget Car Rental Lankershim Boulevard, consider signing up for Fastbreak. With Fastbreak, you can save your rental preferences and signature in advance, skip the line, flash your license, pick up your keys and go. Work with our office to learn more about your options.
Additional Location Information
Select from a wide variety of vehicles at Budget North Hollywood, check out the latest North Hollywood Car Rental Deals, and be confident that you are getting the best rental rates in California !
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