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
Panama City Beach
Additional Travel Information
From the Budget Rent a Car Front Beach Road location, you can almost glimpse the clear waters of the Gulf of Mexico, and you’re definitely close enough to feel the cool sea air. The car rentals you pick up from Front Beach Road let you take unforgettable trips up and down the Florida Panhandle coast. Whether you choose a full-sized SUV or a compact car with a sunroof, you’re sure to love cruising by the water in search of a nice stretch of sand to call your own.The Budget on Front Beach Road is equipped to help you vacation in comfort and style. You can choose simple, economical Panama City Beach car rentals to save money for souvenirs, water skiing and diving excursions, or you can ride in a tricked-out vehicle for maximum comfort. The lot at Budget car rental Front Beach Road is well stocked with choices, and the friendly staff members are always happy to provide recommendations on car rentals that match specific trip itineraries.Picking up rental cars at the Front Beach Road Panama City Beach Budget puts you in prime position to hook up with major highways. If the city gets too crowded for your tastes, routes like the nearby Panama City Beach Parkway can take you to conservation areas in the region for a welcome break from the bustle of city life. You can even travel as far as Pensacola or New Orleans with a Panama City Beach rental car deal. Before you come out to visit, reserve your rental today.
Additional Location Information
Select from a wide variety of vehicles at Budget Panama City Beach, check out the latest Panama City Beach Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
Book a Car Rental at Panama City Beach in 60 seconds!
Own or work here?
