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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
Atlanta
Additional Travel Information
The next time you are planning a trip and are checking to see what Atlanta car rentals are available, look no further than Budget car rental at Buford Highway Northeast. If your trip is for vacation purposes, our Buford Highway Northeast office is strategically located to get you on your way fast. With a free RapidRez account number, you can use our Fastbreak services and skip the lines. You can also make your reservation in less than 60 seconds, and you won’t have to enter your personal information each time.Rental cars give you the freedom to be on your own without worrying about departure times. You also have the means of transportation at your disposal to visit other places throughout Georgia, and with a GPS device, getting from place to place is a breeze. Once you get your vehicle from Budget at Buford Highway Northeast, you can take the short drive to Stone Mountain for a leisurely family outing. You can also take the kids to the Children’s Museum of Atlanta, which is adjacent to Centennial Olympic Park.With car rentals from our Budget location on Buford Highway Northeast Atlanta, you can easily reach attractions like Six Flags over Georgia or catch a sporting event at Philips Arena. No matter which point of interest you go to see, we can make your trip more pleasant by getting you in the right car. Whether you are looking for something small and easy to maneuver or something for a large family, reserve your car with Budget.
Additional Location Information
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