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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
Sears Auto Ctr-The Parks Mall
Additional Travel Information
When it comes to professional sports action, theme parks and hospitable accommodations, Arlington does not disappoint. The city is perhaps most notable for being home to stadiums for the MLB’s Texas Rangers and NFL’s Dallas Cowboys. AT&T Stadium, home of the Cowboys, has become an entertainment mecca and hosts everything from concert events to rodeos to college football bowl championships. More than just a sports paradise, the city also attracts family visitors to its Six Flags amusement park and water park. No matter why you’re visiting the “American Dream City,” rental cars will make the trip easier and more enjoyable. At Budget in The Parks Mall, we offer a range of Arlington car rentals. Book a rental car online at Budget.com and save up to 35 percent on your rental. Budget Rent a Car in The Parks Mall is a participating Fastbreak location. Sign up for Fastbreak and we’ll save your rental preferences and signature for the fastest, easiest rental experience. With Fastbreak, you can skip the line, flash your license; grab your keys and go. For additional savings on already affordable Arlington rentals check out the latest Budget deals at Budget.com. Arlington is sandwiched between the two major cities in the Dallas/Fort Worth Metroplex, which is the fourth largest metro area in the U.S. Visitors equipped with car rentals can travel freely to the area’s many attractions. No matter if you want to visit the massive Dallas Aquarium at Fair Park or enjoy the range of nightlife in the Fort Worth Stockyards district, a rental from The Parks Mall Budget can help get you there. Book at Budget car rental in The Parks Mall before your next trip to North Texas.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Ctr-The Parks Mall, check out the latest Sears Auto Ctr-The Parks Mall Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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