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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
Santa Maria
Additional Travel Information
If you are planning on visiting the Santa Maria area and are in need of transportation, you should consider renting a car for you and your family. Budget Rent a Car South Broadway has a great selection of rental cars. Whether you are seeking a small to mid-sized vehicle or something a bit larger for the whole family, we have a Santa Maria rental car deal that will fit your budget.Santa Maria and the surrounding areas are filled with exciting things to see and do. Because public transportation in the area is limited, car rentals are highly recommended. For a night filled with fun, start with a light dinner at one of the highly esteemed sushi bars around town, and then top it off with a musical at the Pacific Conservatory Theatre. Visit the towering Rancho Guadalupe Dunes at Santa Barbara County Park, and experience the tallest dunes along the West Coast. With just a little over an hours’ drive, you could be in the middle of the hustle and bustle of downtown Los Angeles with the celebrities or taking a guided tour of Universal Studios. All this is possible with Budget car rental on South Broadway.Give yourself the freedom of traveling in scenic California without the hassle of public transportation. Public transportation does not always go where you want to go. With a car rental from South Broadway in Santa Maria, you have the flexibility to take a road trip to Pismo Beach and shop at the nearby beach shops off the pier. Whatever attractions meet your fancy, a car rental from Budget car rental South Broadway will give you the opportunity to turn out onto South Broadway in style.
Additional Location Information
Select from a wide variety of vehicles at Budget Santa Maria, check out the latest Santa Maria Car Rental Deals, and be confident that you are getting the best rental rates in California !
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