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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.

… more

About this location:

Location

Sears Auto Center

Additional Travel Information

When you want to take a vacation in the great outdoors, Reno car rentals will get you where you want to go. Located at 5405 Meadowood Mall Circle, it’s easy to find the type of car you need. Reno is a convenient place to stay for access to the Sierra Nevada Mountains and Lake Tahoe, and with Budget rental cars equipped with GPS systems, you’ll never get lost. You can get a Reno rental car deal that suits your family vacation budget and have the flexibility to drive in the city and beyond. 

 Often called the “Biggest Little City in the World”, Reno has a lot to offer both adults and children. There are elegant casinos for those looking for gaming that also have play arenas for children. The Fleischmann Planetarium and Science Center offers interesting and entertaining shows. Children also love the Terry Lee Wells Nevada Discovery Museum. With your Budget car rental Meadowood Mall Circle, you can drive to Lake Tahoe or to the Truckee River for mountain biking.

 On your next trip to Reno, consider car rentals from Meadowood Mall Circle Reno. It’s the perfect solution if you want to stay in town and have access to several world-class ski resorts within a two-hour drive. Whether you need a small compact car or a large SUV to accommodate all of your family members, Budget Meadowood Mall Circle will have the vehicle with the features you need. With roadside assistance and child safety seats, you’ll be well equipped for traveling to many family-friendly attractions. Call today to reserve exactly what you want for a Reno rental car deal or book online at budget.com and save up to 35 percent on your rental.
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Additional Location Information

Select from a wide variety of vehicles at Budget Sears Auto Center, check out the latest Sears Auto Center Car Rental Deals, and be confident that you are getting the best rental rates in Nevada !
Book a Car Rental at Sears Auto Center in 60 seconds!

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