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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
Coastal Carolina Regional Apo
Additional Travel Information
New Bern, the birthplace of Pepsi Cola, is 87 miles northeast of Wilmington, 162 miles away from Norfolk, 112 miles east of Raleigh, and sits at the confluence of the Trent and Neuse Rivers by the North Carolina coast. Travelers landing at the Coastal Carolina Regional Airport (EWN) in Craven County can book their New Bern airport car rentals at the Budget Car Rental counter located right on airport grounds.
Select the EWN car rental that best suits your trip from our generous selection of airport car rentals and travel to Tryon Palace and the North Carolina History Center for an unforgettable experience for the whole family. At this facility, character commentators, working artisans and costumed guides take you back to a time when patriots assembled, George Washington danced, politicians argued, and governors reigned at this remarkable property that includes 19th century structures, magnificent gardens, interactive exhibits and the Governor’s Palace.
Downtown New Bern is also a great place for shopping at high-end boutiques, antique stores, and art galleries, as well as various turn-of-the-century stores spread throughout the district, like the original Pepsi Store and Mitchell’s Hardware, serving New Bern since 1898. Bring the kids to Art Walk, free to the public and sponsored by the Craven Arts Council and Gallery, where participating shops, venues, and restaurants stay open late.
Whatever your plans are, choosing Budget will get your trip started off right. And no matter which of our Coastal Carolina Regional Airport rental cars you choose, don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Coastal Carolina Regional Apo, check out the latest Coastal Carolina Regional Apo Car Rental Deals, and be confident that you are getting the best rental rates in North Carolina !
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