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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
Springfield Plaza
Additional Travel Information
When planning your next family trip, you want to make sure that you leave no details unattended. One of the most important things that you need to do is find a reliable car rental that can take you where you want to go. Budget Rent a Car at Springfield Plaza sets the standard for reliable and affordable Springfield car rentals. Budget offers a wide selection of vehicles, with optional trip enhancements such as GPS navigation, Sirius XM radio, e-Toll, child safety seats and snow tires for the harsh winter months. Need a ride? Budget at Springfield Plaza offers a complimentary pick-up service. With the right rental cars, there are no limits to what you and your family can find in the city. When you visit Budget car rental at Springfield Plaza, you can enjoy some of the local shops and attractions. Take in what the mall has to offer before you go on your way. There are numerous historic monuments and landmarks to visit, such as the Cannon Ball House. If you and your family are fans of baseball, you can always take them to the Ballpark, which features a dozen batting cages, all open for people to use. Call Budget as soon as you arrive in order to get the best Springfield rental car deal for your family vacation or book online at Budget.com and save up to 35 percent. You’ll enjoy your rental vehicle as soon as you leave the Springfield Plaza, ready to take your close ones out on a fun trip through the city. Save on a rental vehicle from Budget Springfield Plaza and you’ll have extra dough to spend on your vacation.

Additional Location Information
Select from a wide variety of vehicles at Budget Springfield Plaza, check out the latest Springfield Plaza Car Rental Deals, and be confident that you are getting the best rental rates in New Jersey !
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