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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
Pasadena – Arroyo Pkwy
Additional Travel Information
Whether you are in town for the Rose Bowl or touring sites around the Valley, Pasadena car rentals provide the best way to enjoy your trip. Rent a convertible and drive through the San Rafael Hills with the top down. Book a sedan large enough to fit your family and your shopping bags from Old Town. Use a comfortable minivan to take your kids to the Kidspace Children’s Museum, the Norton Simon Museum or the local symphony. No matter what you will be doing on your vacation, you can find a suitable vehicle on Arroyo Parkway in Pasadena.Budget Rent a Car Arroyo Parkway routinely offers the best Pasadena rental car deals. Simply book your vehicle online and save up to 30 percent or call and speak to one of our customer service professionals. You can even arrange for amenities such as satellite radio, GPS navigation and child car seats. Budget Car Rental Arroyo Parkway keeps the process simple so you can quickly get to the Ventura Freeway, the Foothill Freeway or anywhere else you need to go. The office is conveniently located less than one mile south of the Tournament of Roses Parade route on South Arroyo Parkway.Make your family’s next trip to Pasadena, California, better with one of our safe and reliable rental cars. Stop by budget.com or call to book your vehicle from Budget Arroyo Parkway.
Additional Location Information
Select from a wide variety of vehicles at Budget Pasadena – Arroyo Pkwy, check out the latest Pasadena – Arroyo Pkwy Car Rental Deals, and be confident that you are getting the best rental rates in California !
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