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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
Port Columbus Intl Airport
Additional Travel Information
Situated where the Bible Belt, the Rust Belt, the Plains and Appalachia meet, Columbus, the capital city of Ohio, is a sort of American crossroads. Port Columbus International Airport (CMH) is only a ten-minute drive from downtown, and the Budget Car Rental counter is located right on-site, so picking up your CMH car rental and getting started on your trip is quick and easy.
Budget has an extensive selection of Port Columbus International Airport rental cars, so finding the perfect vehicle for your Columbus holiday is a snap. Navigate the largest city in Ohio in the comfort and style of one of our luxury cars or SUVs, or choose one of our eco-friendly hybrids or compacts for downtown driving and parking. No matter what brought you to Columbus, Budget’s airport car rentals don’t disappoint.
The biggest draw in Columbus is Ohio State University (known as THE Ohio State University). If you happen to be here during football season, you’ll see the city come alive in a magnificent way—especially if the Michigan Wolverines are in town.
Sports fans will also love the Arena DistrictNorth Market, Columbus’s chief sports center, which includes the Nationwide Arena, home of the NHL Blue Jackets. Attend the Ohio State Fair and many other events—from boxing matches to antique shows—held at the Ohio Expo Center.
Budget’s great deals on Columbus airport car rentals will make any trip here a better one. Don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Port Columbus Intl Airport, check out the latest Port Columbus Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Ohio !
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