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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 – Northsight Blvd
Additional Travel Information
Stop by Budget car rental at North Northsight Boulevard to get your vacation off to a spectacular start. Budget has a great selection of vehicles to choose from, so you’ll get a perfect fit for your family. Bookings and rentals are straightforward and quick, so you won’t waste a minute of your valuable vacation time in our Budget North Northsight Boulevard office. Instead, rental cars help you hit the ground running and enjoy all this unique Arizona city has to offer. The entire area is a mecca for relaxation, outdoor activities and luxurious indulgence. The city and its surrounding areas boast as many as 200 golf courses within easy driving distance of North Northsight Boulevard. The Sonoran Desert dominates the region with lots of opportunities to explore. Get a Scottsdale rental car deal from our North Northsight Boulevard Scottsdale location and head out on a rugged desert adventure, or drive to the McDowell Sonoran Preserve to experience the natural flora and fauna of the region. Expand your knowledge with a visit to the Musical Instrument Museum or spend the day at the Phoenix Zoo. Scottsdale car rentals bring it all within your reach. If you’re short on time with a tall itinerary, Budget USA offers Fastbreak rental car pickup. Just flash your driver’s license, grab your keys and go. Get a great deal by booking online, and save up to 30 percent off standard rental rates. Budget makes your family vacations more memorable with friendly, efficient service. Book your car rentals early for the best selection.
Additional Location Information
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