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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
Shenandoah Valley Regional Apo
Additional Travel Information
The Budget Car Rental at Shenandoah Valley Regional Airport (SHD) is open daily and is located in the airport terminal, a short walk from the General Aviation Building. Our vast selection of Weyers Cave airport car rentals includes everything from spacious SUVs to sporty convertibles, so you’re sure to find the perfect SHD car rental for your trip into the beautiful Shenandoah Valley.
Hoping to enjoy a scenic drive? The Skyline Drive and the Blue Ridge Parkway, just east of Waynesboro, are both particularly popular in the fall when the leaves have changed color. The Skyline Drive runs north through the Shenandoah Valley National Park along the ridge of the Blue Ridge Mountains. Enjoy this brilliant National Scenic Byway, but mind the speed limit of 35 mph, as hikers and cyclists are sharing the road.
The town of Grottoes, just east of Weyers Cave, is home to the Grand Caverns, America’s oldest show cave. Spelunkers have been coming here since 1806, and it’s still a family favorite today.
Whatever your time holds in Shenandoah Valley Regional, airport rental cars from Budget are the best way to enjoy your visit to the fullest. Our quality vehicles, excellent customer service and great deals on airport car rentals make us the name savvy travelers trust. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Shenandoah Valley Regional Apo, check out the latest Shenandoah Valley Regional Apo Car Rental Deals, and be confident that you are getting the best rental rates in Virginia !
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