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


Using a debit card to rent a car could damage credit score
STLtoday.com
Some customers prefer to use a debit card rather than a credit card to make purchases as a means of limiting debt and managing their finances. But the choice could backfire when it comes to renting cars. Some car rental agencies, such as Budget Rent a ...
Debit card for rental car could hurt creditColumbus Dispatch
Renting a car with a debit card could damage your credit scoreWaterbury Republican American

all 3 news articles »

Wall Street Journal (blog)

Car Sharing Grows Under the Wings of Rent-a-Car Incumbents
Wall Street Journal (blog)
In addition to offering Zipcars in more cities, such as Paris, Avis Budget plans to expand the service to airports and begin offering one-way Zipcar rentals—starting with a pilot program in Boston—and offering a larger selection of vehicles. Navigant ...

and more »

Renting a car? Using a debit card could damage credit score
Pittsburgh Post-Gazette
Some customers prefer to use a debit card rather than a credit card to make purchases as a means of limiting debt and managing their finances. But the choice could backfire when it comes to renting cars. Some car rental agencies, such as Budget Rent a ...

and more »

Avis Budget Group Reports Record Third Quarter 2014 Results
CNNMoney
Avis Budget Group, Inc. is a leading global provider of vehicle rental services, both through its Avis and Budget brands, which have more than 10,000 rental locations in approximately 175 countries around the world, and through its Zipcar brand, which ...

and more »

Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and ...
MarketWatch
LONDON, Oct. 29, 2014 /PRNewswire/ -- Car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches ...


Global Car Rental Market - Industry Analysis, Size, Share, Growth, Trends and ...
DigitalJournal.com
... business strategies, SWOT analysis, and the recent developments in the field of car rental. Major market participants profiled in this report include Enterprise Rent-A-Car, The Hertz Corporation, Avis Budget Group, Inc., EuropCar and Sixt among others.

and more »

Florida Today

Port CEO: Chances good for auto project
Florida Today
Walsh said the port would recoup the construction costs through rent on the buildings, as well as the docking and wharfage fees it would charge when the vehicles arrive at Port Canaveral by ship. Walsh said the state has agreed to provide a $10 million ...

and more »

New rental-car option coming to the airport
Aspen Times
The county currently has concession agreements at the airport with four car-rental operators: Avis, Budget, Hertz and National/Alamo. In anticipation of the expiration of the current agreements on Nov. 30, the county issued a request for proposals as ...


The Economist

Melons for everyone
The Economist
Car production, which used to account for 10% of GDP and employ 1m people, fell by about 70%, according to industry sources. A Mercedes factory in Tabriz that a few years ago was making 80 ... But now, for the first time in a decade, the coffers are ...

and more »

Huffington Post

Create a Budget Plan That Actually Works: 3 Steps to Take
Huffington Post
Based on your income, essential expenses (like utilities, food and rent) make up 50% of your spending. Unnecessary expenses (cable, internet, cell phone) make up 30% of the budget, and future goals (debt payments, savings, retirement fund) make up the ...

and more »

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.