Rate Budget Car Rental
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
Pep Boys
Additional Travel Information
Budget Rent a Car at Pep Boys in Jacksonville takes pride in operating under one of the world’s best-known car rental brands. The Budget at the Pep Boys location is focused on finding you a Jacksonville rental car deal that will meet all your needs. You can select from a wide variety of rental cars at Pep Boys in Jacksonville. Opt for a GPS navigation system to travel around the city with ease. With Budget at Pep Boys’ low-rate guarantee, you can rest assured that you are getting some of the best rental rates in Florida!From magnificent fountains to exquisite architecture and landscaping, the city has one of the most beautiful river walks in the U.S., offering breathtaking views of the bustling city’s skyline. Get up close and personal with the wild birds at B.E.A.K.S, a sanctuary that rescues injured birds and nurses them back to health. Test your new set of rental wheels out on a short drive to St. Augustine, and get your fill of rich history from the nation’s oldest city. Sports enthusiasts can catch an exciting NFL Jaguar’s football game at EverBank Field. Whether you’re packing the car to go to Neptune Beach or loading up on great deals at the Avenues Mall, you may want to check out our selection of spacious SUVs. If you are looking for Jacksonville car rentals, look no further than Budget car rental at Pep Boys. We are confident that our great deals, outstanding service and wide selection of vehicles are exactly what you are looking for. To ensure that we have your ideal rental car in stock, we recommend that you book ahead of time. Our 60-second reservations take the hassle out of booking, and you will have a vehicle reserved for your upcoming family vacation in no time.
Additional Location Information
Select from a wide variety of vehicles at Budget Pep Boys, check out the latest Pep Boys Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
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