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


Congratulations to North Queensland's Paul Argar for winning HAWAII Magazine's ...
The 50-year-old accountant won two round-trip airline tickets on Hawaiian Airlines; a six-day, five-night stay at the Royal Hawaiian Hotel; a six-day car rental from Budget Rent-A-Car; tickets to the Magic of Polynesia show; a Pearl Harbor History City ...

and more »


Travel Destinations and Fall Deals for Federal Employees
Rates at the Traverse City location are in the $250 range. Since Traverse City is the cherry capital of the world, sample some cherry wine before you rent a car at a discounted rate from Alamo or Budget. Hit the road and take a northern Michigan color ...

Los Angeles Times

Worried about visiting Greece? These honeymooners found hospitality up and ...
Los Angeles Times
It's just that in many ways this was — and is — an ideal time to visit the country, especially for budget travelers. The usual tourist herds have thinned, traditional Greek hospitality is in overdrive and prices are down for ... At Tony's Rent-a-Car ...

and more »

Go Banking Rates

23 Saving Hacks for Fall
Go Banking Rates
It doesn't take an expert to figure out that you'll pay top dollar if you rent out a hotel at the beach in the middle of the summer. Save a lot of money on lodging by visiting attractions during their ... "Whenever I travel, I have a strict food budget ...

Wausau Daily Herald

Car rental agency adds Wausau location
Wausau Daily Herald
WAUSAU— A car rental agency is scheduled to move into a Stewart Avenue location formerly occupied by a series of restaurants. Midwestern Wheels, a licensee of Avis Budget Group, already has a location at Mosinee's Central Wisconsin Airport but is ...

and more »

Fox Rent A Car Announces New Corporate Location Grand Opening in Austin, Texas
PR Newswire (press release)
... partner locations, Fox Rent A Car offers consumers great value, convenience and superior service in addition to Fox Rewards, under-25 rental program and a host of other rental programs for groups, government and corporate customers on a budget.

and more »

Go Banking Rates

Here's Why It Costs $1126 a Month to Maintain the Average American Home
Go Banking Rates
Buying a home is an expensive endeavor. In fact, the average home costs over $350,000, according to the United States Census Bureau. Many homebuyers, however, neglect to consider the cost of maintaining a home. But small costs, like regular lawn care ...

Rental & Leasing Services: Hertz Global Holdings, Inc. (NYSE:HTZ), Avis Budget ...
Benchmark Monitor
Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, announced that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the upcoming Deutsche Bank Leveraged Finance ...


Secretary of State Jesse White: No more license plate renewal reminders by mail
Peoria Journal Star
Secretary of State Jesse White's office said Monday it will no longer send out vehicle registration renewal reminder notices because of the state's budget impasse. White's office said the move will save about $450,000 a month in postage costs. By ...
Illinois budget ills threaten state armored car, garbage pickupsReuters

all 206 news articles »

Irish Times

Post-budget, Irish disposable incomes will remain vulnerable
Irish Times
In 2012 the average Irish household had a disposable income – once rent or mortgages had been taken care of – of €1,516 a month, according to the Central Statistics Office. A new round of figures to be published this week ... That means that even post ...

and more »


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.