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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
Costa Mesa South
Additional Travel Information
When you’re planning on traveling by car on a family vacation, a Costa Mesa car rental makes it easy to avoid putting hundreds of miles on your personal vehicle. Those who are visiting Costa Mesa, California, can enjoy having a comfortable rental car from Harbor Boulevard that takes them to the beach, the Orange County Swapmeet and the Pacific Symphony.Budget on Harbor Boulevard in Costa Mesa is located just a few miles from Newport Beach and Huntington Beach, making it easy to take a dip in the ocean after picking up a rental car. Others who want to do a bit of shopping can enjoy visiting Fashion Island to browse through clothing and accessories at one of the most popular high-end malls in the country. The Lab is another popular shopping location that is ideal for those seeking vegan cuisine.Budget car rental at Harbor Boulevard offers a variety of different vehicles, so you can drive a car you’re comfortable with, and they are highly recommended for their regard to professionalism and customer satisfaction.Car rentals from the Budget on Harbor Boulevard will make it easy to explore the area on your schedule. You can also spend less money with a Costa Mesa rental car deal. Contact Budget Rent a Car on Harbor Boulevard today to get your vacation started right.
Additional Location Information
Select from a wide variety of vehicles at Budget Costa Mesa South, check out the latest Costa Mesa South Car Rental Deals, and be confident that you are getting the best rental rates in California !
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