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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
Will Rogers World Airport
Additional Travel Information
Positioned in the heart of the state, Oklahoma City is a town in the process of reinventing itself while maintaining a connection to its frontier past. Discover the state capital with a quality OKC car rental from Budget Car Rental. Our counter is located right on-site at Will Rogers World Airport (OKC), so choosing from our fleet of Oklahoma City car rentals and getting on your way is quick and convenient. You’ll find everything in Budget’s range of Will Rogers World Airport rental cars from SUVs and luxury sedans, to compact cars and eco-friendly hybrid airport car rentals.
Learn all about Oklahoma’s pioneer past, and have fun doing it at the Frontier City Theme Park, Oklahoma’s only Western-themed amusement park. Cruise down route 66 in your vehicle until you hit POPS, home of the 66-foot pop bottle, where you can ask for one of over 500 different kinds of soda to go with your burger and fries.
Here with the kids? See the Old West come alive at Stockyards City, only 3 miles from downtown. Purchase a pair of authentic cowboy boots or a ten-gallon hat, witness a real-life cattle auction and feast on tender rib eye at Cattleman’s Steakhouse, one of the most well-known restaurants in OKC.
Budget will get you the wheels you need to make the most of your Oklahoma City vacation. Drive off feeling great about the deal you got on your rental car, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Will Rogers World Airport, check out the latest Will Rogers World Airport Car Rental Deals, and be confident that you are getting the best rental rates in Oklahoma !
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