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


Budget Car Rental Saves Your Family Time and Money; Give us Your Email Address ...
Nasdaq
Help make sure that it's the best trip ever by giving Budget Car Rental your email address when you reserve a car. Why? Providing an email address allows Budget to communicate more effectively with renters before, during and after a rental, and those ...

and more »

The Guardian

Car hire firms to improve practices following competition review
The Guardian
The UK competition watchdog has led a Europe-wide review which has resulted in the five firms – Hertz, Avis Budget, Enterprise Rent-A-Car, Europcar and Sixt – agreeing to introduce improvements to areas that frequently lead to complaints, such as ...
Car hire firms to act on customer complaints, says regulatorBBC News
Big car rental firms promise to play fair with customers after inquiry finds ...This is Money
'Better car rental terms' promised after European hire sector reviewDIGITALLOOK
Auto Body Professionals Club (subscription)
all 16 news articles »

Budget motels last resort for California families out of options
Paradise Post
SAN BERNARDINO -- The children gather at dusk on the pitted motel parking lot, hard against the sound wall of the freeway. They kick a scuffed soccer ball and play with the stray dogs they have rescued. One holds a cockroach he pretends is a pet turtle.

and more »

Entrepreneur

How Much Should You Pay Yourself as a Business Owner?
Entrepreneur
It's your business and your budget—which means the size of your paycheck is entirely up to you. But while the freedom of setting your own salary sounds great in theory, ... Be sure to include all annual, quarterly, and monthly expenses, including your ...


99 Great Ways to Save from AARP
CBS Local
BOSTON (CBS) – For the last five summers AARP has produced an article in their July Bulletin on 99 Ways to Save. This year they have another crop with 20 experts giving advice. Some of it quite good, some new, some of it you have heard before and some ...


Money Talks News (blog)

What to Do So Weddings, Baby Gifts, Etc., Don't Break the Bank
Money Talks News (blog)
Maybe you've even got a “pay cash for next car” fund or a college plan for your kid. Things are tight, but you're ... While a sensible budget should include room for special occasions like holidays and birthdays, your finances can get nibbled to death ...


USA TODAY

Save those gas receipts when you refuel your rental car!
USA TODAY
When Michael Gates, a health care worker from Riverside, Ill., returned his Budget rental to the airport in Portland, Me. , recently, he says he filled the tank, as he's always done over 45 years of renting cars. A representative noted the mileage and ...


Wall Street Journal (blog)

Tips for Maintaining a Spending Budget
Wall Street Journal (blog)
... started: When sitting down to write a budget, keep it simple. Try to only list a handful of spending categories. Things like rent or mortgage, utilities, savings, food and commuting expenses. .... How? Track your spending for a couple of months ...

and more »

Wall Street Journal (blog)

Hertz Signals Major IT Transformation
Wall Street Journal (blog)
Charged with stabilizing current systems and investing in infrastructure to support the transformation, he was lauded for his prior IT experience at Budget Rent-a-Car, now part of Avis Budget Group, and Vanguard Car Rental USA. At Vanguard, Mr. Best ...


Chicago Tribune

Picking kids' meal toys was his job, really
Chicago Tribune
Bird, a veteran of World War II, worked from the 1970s through the mid-1980s for Rogers Merchandising, which had clients well beyond fast food -- AT& T, Budget Rent-a-Car and General Electric, according to a Tribune article from 1984. That was the year ...

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.