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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
Scottsdale Commons
Additional Travel Information
Budget Rent a Car at East Shea Boulevard has a great selection of rental cars for your next trip to Scottsdale, Arizona. From roomy passenger vans to fit the whole family to top-of-the-line sports cars, East Shea Boulevard in Scottsdale is where it’s at. Our vehicles can come equipped with add-on features to make your rental car experience even better. Try out our GPS navigational system complete with traffic alerts to get from point A to point B with seemingly effortless ease. Whether you’re exploring the entire state of Arizona or just venturing around the city, let Budget on East Shea Boulevard provide you with your next set of rental wheels. The city is well known for its natural beauty, sightseeing, fine dining and exciting attractions. With Scottsdale car rentals, you can jump into your rental car and visit the Waterworld Safari and Desert Botanical Garden, and then catch an afternoon San Francisco Giants baseball game. Some of the area’s best golf courses can be found around the city, including Tournament Players Club, Rolling Hills Golf Course and Arrowhead Country Club. Discover what nature has to offer at the natural reserves of Camelback Mountain. With a rental from East Shea Boulevard, you have the freedom to explore the area on your time. For a great Scottsdale rental car deal, you can book online and save up to 30 percent. Save time at the rental counter by signing up with our Fastbreak program; when you arrive, you can simply flash your license, grab your keys and go. With multiple drop-off locations, you can go wherever you want with the convenience of dropping your rental off at any location. Browse our wide selection of vehicles and reserve your rental car today with our easy 60-second booking process.
Additional Location Information
Select from a wide variety of vehicles at Budget Scottsdale Commons, check out the latest Scottsdale Commons Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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