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


KTLA

Spike Strip Used to Stop Stolen Rental Truck Pursuit in Fontana
KTLA
Aerial video showed a Budget moving truck driving down the 210 Freeway with the rear hatch open and a washer or dryer visible inside. The truck was apparently taken when a customer left the key in the ignition and went into a store, according to Budget ...

and more »

Breaking Travel News

Avis Budget Group Grants Barloworld New License to Operate Budget Car ...
Digital Journal
PARSIPPANY, N.J., Feb. 9, 2015 (GLOBE NEWSWIRE) -- Avis Budget Group (Nasdaq:CAR) today announced that it has signed an agreement with Barloworld Ltd, which operates the Avis Car Rental brand in southern Africa, to also operate the Budget Car ...
Barloworld to take Budget brand into southern AfricaBreaking Travel News
Avis: Budget to ensure best rental solutionIndependent Online

all 16 news articles »

Avis Budget to Buy Italy's Maggiore Group for $170 Million
Wall Street Journal
Avis Budget Group Inc. has agreed to buy Italian rental car company Maggiore Group in a $170 million deal that will make Avis the largest vehicle-rental company in Italy. Maggiore, which has operated in Italy since 1947, is the country's fourth-largest ...

and more »

Gulf Times

Jaidah Automotive signs 8 million Riyal deal with budget rent a car
Zawya (registration)
Doha - Chevrolet cars' exclusive dealer in Qatar, Jaidah Automotive , announced the sale of 135Chevrolet cars, featuring four models to the car-rental company, Budget RAC. The deal valued at more than eight million Qatari Riyals, delivers the new 2015 ...
Jaidah Automotive announces sale of 135 Chevrolet cars to Budget RACGulf Times

all 3 news articles »

Rental Car Shortage in Boston? Blame the Brutal Winter
Boston.com
A similar sight greeted customers searching for a car at every Avis, Budget, Thrifty and Hertz location within Boston – more than a dozen outlets all together. Dollar's Copley Place location turned up a whopping two available vehicles. TWO cars for ...

and more »

TravelPulse

Avis Budget Group Buys Maggiore Group in $170 Million Deal
TravelPulse
The Maggiore Group has been an Italian staple since 1947 and was the nation's fourth largest vehicle rental company, grossing an annual revenue of more than $160 million, according to Dulaney. With the purchase, Avis Budget Group Inc. ensures its spot ...

and more »

GSA votes against rejoining UCSA
Daily Bruin
Had the proposal passed, 60 percent of the GSA discretionary budget would have had to go toward the UCSA membership fees unless an alternative source of funding was determined, said Nathaniel Ross, external president of the GSA Math and Physical ...

and more »

Windsor Star

Dropping off a rental car after hours can lead to an expensive surprise
Windsor Star
Budget Rent a Car recently quoted Roy Bonney a $96 rate for a one-day rental from Norfolk to Washington. But it sent him a bill for $3,374. The reason? A tire on Bonney's car went flat only a few hours before his flight back home to Alaska, while he ...

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Bessie and Devonte Taylor: Black, disabled, still houseless
San Francisco Bay View
Ended up sleeping in our car when we had one and on the street when there was no room in shelters or money to rent a motel. This trauma haunts me to this day and often renders me speechless when I witness children and .... But the reality is that ...


Appleton Post Crescent

Yellowstone can be done on a budget
Appleton Post Crescent
It might be worth getting a nicer rental car. And bring some tunes. » Try to rent lodging with at least a kitchenette. There are restaurants in and around Yellowstone, but they're all expensive and not memorable. Bring a cooler if possible — a soft ...

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.