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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.

… more

About this location:

Location

Atlanta Downtown

Additional Travel Information

Even with city limits that constantly change and fluctuate, Budget on Courtland Street Northeast makes renting and picking up a rental in Atlanta as easy as pie. Located just a few blocks from I-75/85, you’re only seconds away from heading off and exploring the city on your own time with your family in tow. Check the website for our Courtland Street Northeast location in Atlanta to see which vehicles are available, including SUVs and mini vans for larger groups and sedans and intermediate vehicles for medium-sized families. You can also add extra features to your rental, including E-Toll to avoid stopping at toll booths. Consider booking a car with a satellite navigation system to easily find your way to Turner Field, Centennial Olympic Park and other local attractions. When you book online with our location on Courtland Street Northeast, you can also save up to 30 percent off car rentals by booking online. Exploring the city by rental car lets you check out historic sites like the Martin Luther King. Jr. National Historic Site, Fembank Museum of History or the Margaret Mitchell House & Museum. You can also easily reach the Georgia Dome and the World of Coca-Cola after picking up your rental from Budget car rental on Courtland Street Northeast. Pay for your rental in advance to save on the total cost, or look for deals on the Budget Rent a Car Courtland Street Northeast site. Whether you want to check out the rental cars available during your trip or find an Atlanta rental car deal, visit the website today.

Additional Location Information

Select from a wide variety of vehicles at Budget Atlanta Downtown, check out the latest Atlanta Downtown Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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