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
Union Station
Additional Travel Information
A family trip to Los Angeles, California, is always an adventure. Budget Rent a Car at Union Station is where you can select a rental car that will give you the freedom to explore this great city to your heart’s content. Los Angeles is one of the world’s great cities, but its attractions and neighborhoods are spread out. Because of this, it really helps to have a car while you’re in town. Budget at Union Station is located downtown, where you will find many hotels, restaurants and shops. After you pick up your car, you will be able to explore areas such as Hollywood, Beverly Hills, Santa Monica and other unique neighborhoods within the Los Angeles city limits.A Budget car rental from Union Station lets you visit all of the attractions Los Angeles is famous for, such as the Hollywood Walk of Fame, where the names of iconic movie stars are written on the sidewalk. The Getty Center is a fun and educational place for the whole family and has lots of permanent and temporary exhibits. Both kids and adults will enjoy Universal Studios Hollywood, an entertainment center that has rides, shops, movie theaters, restaurants and studio tours. In Santa Monica, you can drive your Budget car rental to the beach and walk along the boardwalk.When you visit Los Angeles, be sure to reserve a car from Budget at Union Station in Los Angeles. You can see the sights in a car with all of the features you’re looking for.
Additional Location Information
Select from a wide variety of vehicles at Budget Union Station, check out the latest Union Station Car Rental Deals, and be confident that you are getting the best rental rates in California !
Book a Car Rental at Union Station in 60 seconds!
Own or work here?
Nearby Businesses
