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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
Odessa Tx
Additional Travel Information
Car rentals from Budget on North Grant are definitely appreciated by families that spend time in Odessa, Texas. Reserving rental cars at Budget Rent a Car on North Grant makes it easy to drive to local legends like one of the world’s largest meteor craters. If you’re looking for something a bit more modern than a 63,000-year-old caldera, institutions like North Grant’s Presidential Museum and Ellen Noel Art Museum are great places to learn about history or participate in creative activities with the kids. Our Budget car rental North Grant location lets you enjoy your vacation without worrying about the small stuff. Pick optional coverages like Personal Effects Protection or liability and personal accident insurance to ensure that your family stays safe while you travel, and make it easier to reach your target destinations with GPS. Budget will even help you beat the North Grant Odessa heat with a selection of air-conditioned SUVs, vans and luxury rides that are perfect for cruising through the desert in search of roadrunners and armadillos.Budget Odessa car rentals are perfect for families who want to get things done during their time off. With easy vehicle drop-off arrangements and a wallet-friendly prepaid fuel policy, you can trek through the West Midlands at your own pace. Hike, camp and discover the open prairie by booking your Odessa rental car deal today.
Additional Location Information
Select from a wide variety of vehicles at Budget Odessa Tx, check out the latest Odessa Tx Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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