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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
Salt Lake City Intl Airport
Additional Travel Information
Salt Lake City, host of the 2002 Winter Olympic Games, is the capital and largest city in the state. Travelers arriving at Salt Lake City International Airport (SLC) can find some of the best SLC car rental deals on a wide variety of Salt Lake City airport car rentals at Budget Car Rental, conveniently located in the airport terminal. And don’t forget to sign up for the Fastbreak program.
Salt Lake City’s most popular tourist destination is Temple Square, a vast complex owned by the Church of Jesus Christ of Latter-Day Saints and dedicated by President Woodrow Wilson. Only members of LDS are allowed inside the temple, however a comprehensive model of it may be viewed at the South Visitors Center.
Olympic Cauldron Park, the site of 2002 Olympic Winter Games Opening and Closing Ceremonies, is home to the Olympic cauldron, an interesting museum, and memorabilia from the 2002 Olympic Games. You can take an exciting guided treasure hunt with the whole family at Double Key Treasure Hunts and uncover the area’s rich history and important landmarks. Every hunt ends with a real treasure too!
There’s a lot more to do during your vacation to Utah’s capital, and Salt Lake City International Airport rental cars from Budget can help you do it all. Book your airport car rentals today and have a safe trip!
Additional Location Information
Select from a wide variety of vehicles at Budget Salt Lake City Intl Airport, check out the latest Salt Lake City Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Utah !
Book a Car Rental at Salt Lake City Intl Airport in 60 seconds!
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