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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.

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About this location:

Location

Downtown – Financial District

Additional Travel Information

Seattle is a popular vacation destination for many reasons, and Budget Rent a Car on 4th Avenue is where you can find a car rental that will allow you to explore this amazing city in comfort. Budget at 4th Avenue Seattle is conveniently located downtown, which is close to many hotels, restaurants and shops. At the Budget car rental 4th Avenue location, you will find a wide selection of rental cars, whether you need an economy car, a fuel-efficient hybrid or a spacious luxury car. If you are traveling with a large family or group, you may want to rent one of our SUVs or cargo vans. Features differ from one vehicle to the next, but some of the amenities you can enjoy include satellite radio, dual-zone climate control, power locks and windows, and much more.Seattle is an exciting city for people of all ages and interests. After picking up your rental car from Budget on 4th Avenue, you might drive over to Pike Place Market, which is famous for its live entertainment as well as for vendors selling produce, fresh fish and just about everything else. Sky View Observatory offers panoramic views of downtown Seattle, the Space Needle and scenic mountains in the distance. Another fun place to take the whole family is Discovery Park, the largest green space in Seattle, which features beaches, hiking trails and views of the Puget Sound.When you plan your Seattle trip, make sure you reserve a car from the Budget location at 4th Avenue. Having your own transportation will help you get the most out of this fascinating city.

Additional Location Information

Select from a wide variety of vehicles at Budget Downtown – Financial District, check out the latest Downtown – Financial District Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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