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
Portland Intl Airport
Additional Travel Information
Portland, known for over one hundred years as the “City of Roses,” is the largest city in the state of Oregon, and is close to where the Columbia and Willamette Rivers meet.
Visitors landing at the Portland International Airport (PDX) can choose from a variety of Portland airport car rentals at the Budget Car Rental counter, and go straight to their PDX car rental parked just outside.
Portland is recognized for having plenty of outdoor activities. If you’re on vacation with your family, a minivan or other high-occupancy vehicle from our line of Portland International Airport rental cars provides enough leg room and trunk space to comfortably seat everyone and still have the capacity for your luggage, gear and supplies. Enjoy camping, hiking, fishing and a whole lot more at Forest Park, a green space covering over 5,000 acres and the largest wilderness refuge within city limits in the United States. Take a bite out of Portland’s flourishing food and beverage scene by riding through the city and stopping at any one of the 600 food truck vendors. In fact, food truck festivals are a big number in Portland during the summer and one of the biggest draws on America’s west coast. If you’re here on the right day, you’re in for a serious treat (or treats).
For great deals on airport rental cars, make Budget your first stop in Portland.
Additional Location Information
Select from a wide variety of vehicles at Budget Portland Intl Airport, check out the latest Portland Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Oregon !
Book a Car Rental at Portland Intl Airport in 60 seconds!
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