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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
Spokane Intl Airport
Additional Travel Information
Spokane is a small urban area, and while understated and perhaps underappreciated, it’s a great city with many attractions. See them all in the comfort of your own vehicle from Budget Car Rental. Conveniently located on-site at Spokane International Airport (GEG), Budget is a name savvy travelers trust when it comes to Spokane airport car rentals. Exceptional customer service, consistently competitive prices, and an extensive fleet of Spokane International Airport rental cars make Budget a favorite among Washington rental agencies. So pick up your GEG car rental and feel confident that you’re getting one of the best rental car deals in town.
Once you’re out in town, Riverfront Park has a feature the whole family will love—the upper Spokane Falls. A short gondola ride will take you directly above the cascading water for an up close and spectacular view. Kids will want to take a spin on the Riverfront Park Carousel, built in 1909 and added to the National Register of Historic Places in 1977.
The Mt Spokane Ski & Snowboard Park is only a half-hour drive north and features night skiing, a “Children’s Choice” tubing hill and the Terrain Park, a snowboarders’ playground with three recently added rails.
The Turnbull National Wildlife Refuge was established in 1937 by an Executive Order of Franklin D. Roosevelt. Just over a mile long, you’ll understand why this place got presidential approval once you feast your eyes on the view. Another bonus? It’s wheelchair accessible.
Enjoy all that the Spokane Valley has to offer in one of Budget’s airport car rentals. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Spokane Intl Airport, check out the latest Spokane Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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