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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
Elk Grove
Additional Travel Information
You want your upcoming family vacation in California to flow smoothly from start to finish, the Budget rental car on Elk Grove Boulevard can help. Check for our current Elk Grove rental car deal options, and then select from a variety of quality rental cars that are properly maintained to ensure the comfort and safety of your family. Whether your family is large or small, we have the car rentals you need to enjoy your trip.If surfing is on your to-do list for a California vacation, drive to Laguna Boulevard and find Surf Xtreme. Grab a board and test your skills at indoor surfing, and if you’re brave enough, take on the Flowrider. Budget Rent a Car on Elk Grove Boulevard places you one short drive away from the excitement.If you forget something you need for your trip or just want to enjoy a little retail therapy, the best shopping center is Laguna Gateway at the corner of Laguna Boulevard and West Stockton Boulevard. Elk Grove also has a Strikes bowling alley, where you can enjoy a fun afternoon with children of all ages.This is an affordable destination for all families, and the fun starts with a visit to Budget car rental on Elk Grove Boulevard. Once you decide what type of vehicle you want, it takes just 60 seconds to complete a reservation. Budget on Elk Grove Boulevard will ensure you spend less on your rental car so that you have more to spend on entertainment. Book your rental today.
Additional Location Information
Select from a wide variety of vehicles at Budget Elk Grove, check out the latest Elk Grove Car Rental Deals, and be confident that you are getting the best rental rates in California !
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