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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
Pep Boys
Additional Travel Information
Pasadena, Texas, is a wonderful place for your upcoming vacation. Its close proximity to Houston gives you and your family or friends plenty of options for fun and relaxation. Spend a day at the Pasadena Museum of History to view impressive exhibitions and catch annual events. The Armand Bayou Nature Center is a great place to unwind and enjoy the beauty of Texas. Houston is only 14 miles from this city, so you can drive up to see exciting attractions like zoos and diverse museums. Embrace your vacation time at your own pace by choosing Budget Rent a Car at Pep Boys.You can find Budget at Pep Boys in Pasadena located on Fairmont Parkway. Our vehicles feature electronic toll payment options so that you do not have to wait in line on the roads. Budget appreciates that your time is important and offers several ways to gain faster service on car rentals. Customers can reserve rental cars online beforehand and go straight to the vehicle upon arrival. Sign up for a frequent renter program to receive RapidRez member perks and special discounts. The next time you are looking for Pasadena car rentals, look no further than Budget Rent a Car at Pep Boys. This location accommodates groups of all sizes and carries a wide selection of vehicles with safety features and comfort add-ons. Reserve your rental car online with Budget to save money that you can better spend enjoying your vacation.
Additional Location Information
Select from a wide variety of vehicles at Budget Pep Boys, check out the latest Pep Boys Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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