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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
Centennial Buick GMC
Additional Travel Information
Make traveling around Las Vegas easy by -booking a vehicle from our Budget Rent a Car Centennial Buick GMC location. Car rentals let you take a break from the Strip to see more of the city’s surrounding areas. Also, if you’ll be staying off the Strip, it will be more convenient for you to drive to Vegas’s main entertainment areas. Parking is free, and the city’s setup is easy for travelers to navigate. When you lease a car from our Budget Centennial Buick GMC location, you can request optional features like GPS and satellite radio. We also offer amenities like infant and booster seats as well as back up cameras in select Las Vegas car rentals.By picking up your car from our Budget car rental Centennial Buick GMC facility, you’ll have easy access to several of the city’s major roadways, including Interstate 215 and U.S. Highway 95. You can take the 215 to reach Hoover Dam, and if you want to visit Lake Mead, use U.S. Highway 95. While visiting Nevada, you’ll have the chance to take your family to see the Grand Canyon, or if you want to stay a little closer to Vegas, tour the Red Rock Canyon National Conservation Area. Our facility at Centennial Buick GMC Las Vegas is conveniently located within the city, and you’ll appreciate its proximity to restaurants and shops.When you take advantage of a Las Vegas rental car deal, you’ll likely find that renting a car is affordable. Also, by selecting Budget, you can rent the type of car you need to transport your family. Our Budget Centennial Buick GMC facility is open weekdays until 5 PM and Saturdays until 4pm. Our Budget office at Centennial Buick GMC offers quality service along with affordable rental cars. Book your Budget rental car today and start saving.
Additional Location Information
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