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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.

… more

About this location:

Location

Tucson

Additional Travel Information

Traveling with your family in Tucson, Arizona, can be an exciting adventure, especially if you have a mode of transportation that’s safe, reliable and comfortable. Budget Rent a Car on East Valencia Road will match you with the right vehicle for your trip. At our Budget location at 2707 East Valencia Road, you will be able to choose the size, make and model that is most suitable. Couples and small families might like a fuel-efficient compact or hybrid. Larger families or groups can opt for one of our larger models, such as a minivan or SUV. In addition to our everyday low prices, you can find special deals and discounts when you reserve our rental cars online. With a Budget rental car from East Valencia Road in Tucson, you’ll be able to check out some of the area’s unique attractions, including some specialty museums. The Franklin Museum will appeal to lovers of antique cars. The Mini Time Machine Museum of Miniatures has a large and diverse collection of miniatures. If you admire distinctive architecture, you can visit historic buildings such as the Mission San Xavier del Bac, a restored 18th century church. These are just a few of the places you can visit with Budget car rentals from East Valencia Road in Tucson. Before you leave for your family trip, make sure you take the time to reserve a Tucson rental car deal from Budget on East Valencia Road. Car rentals from Budget give you the ability to set your own schedule when you travel, so you can see as much as possible.

Additional Location Information

Select from a wide variety of vehicles at Budget Tucson, check out the latest Tucson Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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