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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
Davis
Additional Travel Information
For short trips and long vacations, renting a car is a convenient way to get around Davis, California. The city is small, but bus service does not always take you where you want to go. Car rentals let you explore the community at your own pace. They also make it easy for your family to take Interstate 80 into nearby Sacramento and the surrounding communities. The Budget Rent a Car Olive Drive facility provides discounts to frequent customers and offers the best Davis rental car deals for last-minute travel arrangements. The friendly Olive Drive team can also help active duty military, veterans and reservists save up to 25 percent through the Veterans Advantage program.Families like yours rely on Budget Olive Drive to stock a wide selection of rental cars. You can choose from large and mid-sized sedans and SUVs, fuel-efficient hybrids, 12-passenger vans and even sports cars. Simply grab the keys at Olive Drive in Davis and drive off for a memorable vacation. Take the kids to the Davis Arboretum and picnic near the flowers. Conduct mad scientist experiments at the Explorit Science Center. Pick some berries or pumpkins at Impossible Acres and then pet baby animals at Grandpa’s Barn. The Mediterranean climate in Yolo County lets visitors explore the beautiful countryside year-round. To make your trip even more comfortable, the Budget on Olive Drive rents specialty options such as child safety seats, GPS navigation, satellite radio and roadside assistance packages.To pick out your ideal car, go to www.budget.com. Reserve your family-friendly vehicle today and it will be waiting at Budget car rental Olive Drive when you arrive.
Additional Location Information
Select from a wide variety of vehicles at Budget Davis, check out the latest Davis Car Rental Deals, and be confident that you are getting the best rental rates in California !
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