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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
Boston Back Bay Station Garage
Additional Travel Information
Navigating Boston’s public transportation system can be tricky. However, car rentals provide convenience, and you can request accessories like GPS to help you get around town easily and efficiently. Our Budget Boston Back Bay Station Garage facility is ideally located since it’s close to Interstate Route 93 and the Massachusetts Turnpike Route 90. Interstate Route 93 will take you to popular business sites like the Boston Convention & Exhibition Center and the Exchange Conference Center. Our Budget Rent a Car Boston Back Bay Station Garage location keeps late hours. This gives you time to lease a car to drive to popular dinner spots like Uni, which offers a selection of sushi, or II Villaggio, which features Italian food. The Boston Back Bay Station Garage facility is also just a few minutes away from Fenway Park, so you’ll appreciate this location if you’re a Red Sox fan. Gillette Stadium, which hosts the New England Patriots, is a 40 to 50 minute drive from our Budget office in Back Bay.Budget offers a variety of vehicles to fit your trip including compacts, sedans and SUVs. Or get yourself a sweeter ride and book a Jeep Wrangler or Mustang Convertible. With a Boston rental car deal, you’ll receive an affordable rate. Boston Back Bay Station Garage Boston is easy to get to since it’s on 100 Clarendon Street, which is close to many of the city’s major roadways. Our Budget car rental Boston Back Bay Station Garage facility also rents cars that feature e-Toll. This amenity makes traveling on toll roads stress-free. If you are interested in the convenience our rental car deals offer, call us today or book online and save up to 35 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget Boston Back Bay Station Garage, check out the latest Boston Back Bay Station Garage Car Rental Deals, and be confident that you are getting the best rental rates in Massachusetts !
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