Rate Budget Car Rental
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
Sears Auto Center – Park Place
Additional Travel Information
Tucson car rentals at Budget Rent a Car at East Broadway get you and your family on the road to explore the great attractions in Arizona. A Tucson rental car deal can include just about any vehicle or family-friendly SUV from the well-maintained and serviced vehicles at our convenient Sear Sears Auto Center. With Fastbreak, you can flash your license, grab your keys and go. Your family will be thrilled by Arizona’s coyotes, roadrunners, prairie dogs, river otters and bighorn sheep. Your Budget car rental from East Broadway gets you right in the mix, whether you prefer visiting local equestrian facilities, attending NASCAR races or touring studios where many classic Western movies were filmed. Tucson car rentals at Budget rent a car save time and money while reducing your travel-related stress. You can choose from minivans, fuel-efficient cars or premium models for touring the area in style. Area attractions include the Tucson Children’s Museum, Kino Sports Complex, Pima Air and Space Museum and the Arizona-Sonora Desert Museum, where your family can absorb history and view zoo exhibits and botanical gardens featuring some of the world’s rare and endangered species. Vast desert spaces are just a few miles from East Broadway. Regardless of your family’s size or budget, you’ll find a rental car at Budget at East Broadway that suits your lifestyle and taste. Book Budget rental cars in advance; you can save up to 30 percent by booking online. You can make your reservation in less than 60 seconds.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center – Park Place, check out the latest Sears Auto Center – Park Place Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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