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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
Waterfront/Harbor Park Garage
Additional Travel Information
The Boston Harbor Waterfront area is a gorgeous part of the Massachusetts Bay and home to the Port of Boston, the largest port in the state. To make sure that you can take advantage of all there is to see and do in the area, such as visiting one of the many historic locations in and around the city, you’ll want to take advantage of a Boston rental car deal.Budget Rent a Car at the Boston Harbor Waterfront is located on Atlantic Avenue, right off of Interstate 93 and just a few miles from Route 1A. The Budget Boston Harbor Waterfront location has a wide selection of rental cars to choose from, including 2- and 4-door compacts to luxury vehicles. If you’re looking for something affordable but still roomy enough for your family to travel comfortably, consider a full-size sedan. The Boston Harbor Waterfront Boston location also offers SUVs for when you need storage space as well as plenty of seating.Thanks to its convenient location, once you leave the Budget car rental at Boston Harbor Waterfront, you’re just a few minutes away from a number of popular locations and things to do. Around the corner is the New England Aquarium, and about a mile down the road, you’ll find Old Town Trolley Tours of Boston. Budget is also right next to the Harborwalk, which is a network of trails and walkways that connect to restaurants, stores and wharfs.To make picking up Boston car rentals quick and easy, sign up for Fastbreak, where at participating locations allows you to flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget Waterfront/Harbor Park Garage, check out the latest Waterfront/Harbor Park Garage Car Rental Deals, and be confident that you are getting the best rental rates in Massachusetts !
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