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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
Government Center
Additional Travel Information
Located in the heart of the city, Budget Rent A Car Government Center is the affordable way to ensure that you and your family don’t miss out on any of the area’s attractions. Once you’ve picked up your Budget car rental Government Center, you and your family will be ready to enjoy one of the USA’s oldest cities. Budget Rent A Car at Government Center Boston offers a variety of vehicles and pricing options depending on your needs.Once you’ve secured your Boston rental car deal, be sure to allow yourself time to take in the sights of the city as well as some of the other attractions of Massachusetts. You can follow the city’s Freedom Trail to visit 16 historic sites within walking distance of one another in the city center, take in a baseball game when the Red Sox are playing at the legendary Fenway Park or enjoy the New England Aquarium and its whale watching tours. The entire family is likely to find something of interest visiting the historic ship Old Ironsides at the USS Constitution Museum.Rental cars are handy for visiting other historic cities nearby including Salem, Plymouth and Concord. Those who would like a taste of the outdoors may enjoy a drive out to the coast or through the New England countryside.We offer the best in Boston car rentals, and a rental car from our Government Center location can help make this one of your family’s most memorable vacations. To find out what we can do for you, give Budget at Government Center a call today or book online and save up to 35 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget Government Center, check out the latest Government Center Car Rental Deals, and be confident that you are getting the best rental rates in Massachusetts !
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