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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
Lake Tahoe Resort Hotel
Additional Travel Information
When it comes to idyllic snow-capped mountains and beautiful pine landscapes, few places can compete with the views of Lake Tahoe. Nestled between the borders of California and Nevada, the area is known for its ski slopes, boating, hiking and other outdoor activities. As the most populated city on the lake, South Lake Tahoe, California, attracts thousands of annual visitors looking to enjoy the deep blue waters and nearby gaming. Getting from the slopes to the craps tables is easier when you have your own rental vehicle. That’s where Budget Rent a Car at the Lake Tahoe Resort Hotel comes in.The Lake Tahoe Resort Hotel is conveniently situated near the Heavenly Mountain Ski Resort and Stateline, Nevada, which is home to several casinos. The Budget car rental at Lake Tahoe Resort Hotel makes booking a vehicle quick and easy. Guests can choose from a range of affordable vehicle options, including economy cars, SUVs and minivans. The Lake Tahoe Resort Hotel Budget also offers a Fastbreak counter, which provides expedited service. Sign up for Fastbreak and save your rental preferences and signature ahead of time so you can skip the line, flash your license, grab your keys and go.Whether you plan to enjoy Lake Tahoe for a romantic retreat or with the whole family, rental cars can give you the transportation freedom you desire. You’ll be able to drive to Emerald Bay, home to the lake’s only island, check out one of the many local restaurants and then soak in more views with a Heavenly Mountain Gondola Ride. The next time you need reliable South Lake Tahoe car rentals, book one with the Budget at Lake Tahoe Resort Hotel in South Lake Tahoe.
Additional Location Information
Select from a wide variety of vehicles at Budget Lake Tahoe Resort Hotel, check out the latest Lake Tahoe Resort Hotel Car Rental Deals, and be confident that you are getting the best rental rates in California !
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