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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
Hilo Intl Airport
Additional Travel Information
When visiting Hilo with your family, car rentals make it easy to get around the island. You’ll be able to choose from a variety of new cars, ranging from compact and fuel-efficient hybrids to full size SUVs from the Budget Hilo International Airport location. Budget rentals ensure that you’ll get great Hilo rental car deals on a vehicle that perfectly suits your family’s needs. You can even add GPS to your rental to help you find your way to your hotel, the best restaurants and fantastic beaches throughout the island. After getting your Budget car rental at the Hilo International Airport, you’ll want to head right to Honoliʻi Beach Park, where the kids can build sand castles or collect souvenir seashells. Once the sun sets, the whole family will enjoy a visit to the spectacular Imiloa Astronomy Center of Hawaii to see unobstructed views of the nighttime sky. Whether you want to try out some water sports at the Wailoa River State Recreation Area or you’d like to admire the foliage and flowers at the Hawaii Tropical Botanical Garden, everything is just a short drive away from Hilo International Airport in your comfortable rental car. Instead of being confined to your hotel or resort, picking up car rentals from Hilo International Airport in Hilo allows you to do whatever you want on your own schedule. Your trip to Hilo may be the dream vacation of a lifetime. From exploring Coconut Island to discovering the hidden coral reefs at the Mokupâpapa Discovery Center, choose Budget rental cars that can help you get there safely and affordably. 

Additional Location Information
Select from a wide variety of vehicles at Budget Hilo Intl Airport, check out the latest Hilo Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Hawaii !
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