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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
Denver Downtown-20th & Welton
Additional Travel Information
Denver, known as the Mile High City, is full of fun things to do during any family vacation. To get around with ease, Budget car rentals in Denver Downtown can provide you with a vehicle that will meet your needs, from compact economy cars to mid-sized sedans, fuel-efficient hybrids and full-sized cars and SUVs. Whether you prefer a vacation full of the sights and sounds of downtown Denver or one that features a relaxing drive to hike and picnic at the Rocky Mountains, we can get you anywhere you want to go in comfort and style. From our Denver Downtown location, you can depart in a GPS-equipped vehicle with confidence that you will get to the best downtown destinations without having to stop and ask for directions. Visitors looking for adventure will enjoy the excitement of the water rides at Elitch Gardens. Denver’s many interactive museums, zoos and aquariums are perfect for small children. Reserve your car online in 60 seconds or less and avoid the hassle with our popular FastBreak service. Since there are so many exciting attractions to visit in the Denver area, the most convenient way of fitting everything into your itinerary is to travel by rental car. You can treat the kids to an interactive history lesson when you take them to the many Old West attractions nearby. You can also spend a day in Rocky Mountain National Park and drive along Trail Ridge Road, the highest continuous highway in the world. When you are planning your next Colorado trip, reserve your car from Budget at Denver Downtown and see what kind of deals are right for you.
Additional Location Information
Select from a wide variety of vehicles at Budget Denver Downtown-20th & Welton, check out the latest Denver Downtown-20th & Welton Car Rental Deals, and be confident that you are getting the best rental rates in Colorado !
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