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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
Redmond Municipal Airport
Additional Travel Information
Redmond, the fastest-growing city in Oregon, sits on the east end of the Cascade Mountain Range in the high desert, and is home to the Redmond Municipal Airport (RDM), the only commercial airport in the area. For airport car rentals you can count on, head to the Budget Car Rental counter located right on-site as soon as you land. Select a vehicle from our fleet of Redmond airport car rentals to suit your trip best—our RDM car rental options include everything from compacts and convertibles to midsize, luxury and SUVs. Don’t forget to sign up for the Fastbreak program.
In town, you can excavate fossils dating back thousands of years at the John Day Fossil Beds National Monument, or visit the Aragon Alpaca Farm where you can see live alpacas and take a family felting class. Kids skate for free on Mondays at the Redmond Ice Skating Rink located downtown across from Centennial Park. Recreational activities available in Oregon’s high desert include sport climbing at Smith Rock, mountain biking at Phil’s Trail outside Bend or along the Twin Bridges Scenic Bikeway, golfing at the Jack Nicklaus-designed Pronghorn Club, and hiking the trails at the Newberry National Volcanic Monument and the mile-long lava tube at the Lava River Cave.
Rent one of Budget’s Redmond Municipal Airport rental cars and save time and money celebrating the wonders of Oregon.
Additional Location Information
Select from a wide variety of vehicles at Budget Redmond Municipal Airport, check out the latest Redmond Municipal Airport Car Rental Deals, and be confident that you are getting the best rental rates in Oregon !
Book a Car Rental at Redmond Municipal Airport in 60 seconds!
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