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-Hancock Mall
Additional Travel Information
Culture and nature inspired sites await you in Austin, Texas, and car rentals are an easy way to tour the city’s surrounding area. With a car, you’ll have a way to get to Hamilton Pool, Lady Bird Lake and the Harry Ransom Center. By taking advantage of our Hancock Mall location, you’ll be close to frequently traveled roadways like Interstate 35 and U.S. Route 290. An Austin rental car deal makes getting a car affordable, and you can select a rental category based on the size of your family. Options include minivans, SUVs and comfortable mid-size sedans. For easy navigation instructions, consider upgrading your rental with GPS technology. Disability products, infant seats and boosters are also available in Austin car rentals through Budget. Once you receive the keys to your rental car from our Budget Hancock Mall location, you’ll be able to drive to the downtown area to tour the state capitol along with the Bob Bullock Museum. The Fire Department History Museum is also in the vicinity. Our Budget car rental Hancock Mall location is open during regular business hours, and with a car from Budget, you’ll have a way to travel to the east side to dine on traditional barbecue fare or classic Mexican cuisine. Furthermore, our Hancock Mall Austin car rental desk is just down the street from the Hancock Golf Course and the LBJ Presidential Library. When you rent a vehicle from our Budget Rent a Car Hancock Mall facility, you’ll appreciate its convenient location and customer focused service. Budget stocks its locations with upgraded rental cars that frequently feature leather interiors and upgrades like the GPS Navigation system. A rental car will help you make the most of your trip. Book your rental online at Budget.com and save up to 35 percent on your rental. 

Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center-Hancock Mall, check out the latest Sears Auto Center-Hancock Mall Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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