Budget Rent A Car

Budget Rent A Car is one of the largest car rental companies in the world, and has been in operation since 1958. Operating in approximately 2,750 locations in more than 120 countries, Budget is a wholly-owned subsidiary of Avis Budget Group, Inc. The Avis Budget Group operates approximately 750 Budget locations themselves, the remaining locations are licensed operators of what's known as the "Budget System". Of the 800 Budget locations in the U.S., 600 are operated by the Avis Budget Group, the remaining 200 are licensees, and may offer different vehicles and deals that those at the company-operated locations. Internationally the count is 150 company-operated locations versus 1,800 licensees.

Budget History

Budget was founded in 1958 in Los Angeles, California, by Morris Mirkin. The company grows quickly, both nationally and internationally, and was purchased in 1986 by Transamerica Corp. In 1997 Budget was purchased by Team Rental Group, Budget's largest U.S. franchisee, and changed it's name to Budget Group, Inc., and begin trading on the NYSE. In 1998 Budget introduced "Fastbreak", its express service. In 2002 Budget Group was de-listed from the NYSE and sold all its worldwide assets (other than Europe) to Cendant Corporation. European assets were sold to Avis Europe, Plc. In 2006, Cendant Corporation separated into four independent companies: the real estate division became Realogy, Inc., the hospitality division became Wyndham Worldwide, the travel distribution services division became Travelport, Inc., and was sold to The Blackstone Group. The remainder of Cendant was comprised of the vehicle rental services division, and was renamed Avis Budget Group.

Website Information

Website: Budget.com
Locations: Budget location search
Specials: Budget specials

Frequent Renter Information

Called Fastbreak, Budget's frequent renter program let's you rent with one click online, and bypass the counter when picking up your vehicle. You must rent at least three times each calendar year to stay as a member of Fastbreak. Additionally, with the Rent More, Save More program, you save 10-20% off future rentals after completion of your first eligible rental (for a period of 365 days after your last completed eligible rental).

Frequent Renter URL: Fastbreak

Financial Information

The Avis Budget group trades on the NYSE under the symbol CAR.

View the full CAR chart at Wikinvest

Budget Rent a Car News


The State Journal-Register

Drained: How soaring rent prices are ravaging household budgets for millions
The State Journal-Register
Rents are rising, and the work poor are spending more each month on housing, forcing tough choices between shelter and essentials, such as food and medicine. While local programs offer some assistance, the federal government has no appetite for ...

and more »

The Providence Journal

Political Scene: With RI lawmakers on break, it's time for a checkup
The Providence Journal
He also pointed out that the House's most important responsibility is to enact a budget, a months-long process that begins each year with a tax-and-spending proposal by the governor. Governor Raimondo did not unveil her proposal β€” due in February ...

and more »

How to Save Money for Travel
TravelPulse (blog)
It's important to make sure you don't put yourself on too strict of a budget at home, or you won't enjoy the days leading up to the big trip. Find a balance ... Wouldn't you rather go on 4 scuba dives, rent a car for 4 days or enjoy 120 beers overseas ...


Budgeting, saving top priorities for young adults
Bloomington Pantagraph
Once the cap and gown come off, college grads are expected to dive into adulthood even with looming student loans, rent and car payments. With the average student loan debt approaching $30,000, budgeting and saving should be a top priority for young ...


The Elkhart Truth

Single mothers in Elkhart County are still struggling to overcome impact of ...
The Elkhart Truth
A breakdown of her budget shows how thinly spread money, split to the dollar between child care, rent and household essentials. Take a little more than $1,500 each month of expected income and a total of almost $1,900 of necessary expenses, there's ...


Las Vegas Review-Journal

How to save money for vacation from 11 travel experts
Las Vegas Review-Journal
Summer travel season is right around the corner, a time of year when many Americans take a break from work and school for some much-needed R&R. For those of us planning on taking a vacation this summer, the time off doesn't come cheap β€” American ...


CBS Local

Family Denied Refund After Baby Mistakenly Books Rental Car
CBS Local
β€œThe computer is no longer a fun toy to tap on,” Mandy added. The Ellingson's are renting that minivan at a Budget Rent A Car. When WCCO contacted that company, a representative said it wasn't able to cancel the van either, since the family had already ...
Priceline agrees to one-time refund for baby renting carValley News Live
Baby Books Rental Car, Family Denied RefundKELOLAND TV

all 14 news articles »

Curbed SF

What $2700/Month Rents You in San Francisco
Curbed SF
On budget at $2699/month, this studio in Mission Dolores certainly isn't cheap, but it's newly renovated and features some pretty sweet amenities. Parking ... Car-owning renters may find themselves endlessly circling the block, because this pad is ...


Rental car agency phone numbers and websites
Los Angeles Times
http://www.budget.com. Discount Car & Truck Rentals, Canada and Australia. (800) 263-2355. http://www.discountcar.com. Discovery Rent-a-Car (LAX and BUR locations). No central booking number. http://www.discoveryrentacar.com. Dollar. (800) 800-4000.


Struggling student a victim of high fines and misdemeanors
Los Angeles Times
Yeah, sure, police have to keep traffic flowing and prevent vehicle-pedestrian accidents and deaths. But where's the overzealous enforcement when ... Ticket prices have shot up in California and elsewhere, and as we've seen in national headlines ...

References

1. Milestone Events, The history of Budget Rent a Car, Inc.: Budget Rent a Car. Retrieved May 2, 2011.
2. 2010 Annual Report: Avis Budget Group. Retrieved May 3, 2011.
3. Our Factsheet: Budget Rent a Car. Retrieved May 3, 2011.
3. Company Information: Avis Budget Group. Retrieved May 3, 2011.