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 News-Press

Zumbathon to help homeless families into new lives
The News-Press
The nonprofit, which takes referrals from area human service providers and charities like the Salvation Army, runs on an annual budget of about $35,000 (modest by the region's standards) and one employee: Banyai. With help from area businesses and a ...


Livermore Swim-A-Thon to aid families of kids with cancer
Contra Costa Times
"We've bought tires for cars, paid rent and given gift cards for groceries," Gary said. "Social workers know who is in desperate straits and ... a sick child and other related costs add up, she said. "When your kid gets sick your budget goes to pieces ...


Business 2 Community

22 Marketing Ideas For Small Businesses With Limited Budgets
Business 2 Community
Really tight on budget? You don't technically need a super expensive prize to get participants. Even a couple high-end water bottles or fancy backpacks might be enough of a draw for some users. Not sure how to host a contest? Go with Rafflecopter ...

and more »

Barmageddon: 3 UCF-area bars close in span of a year
Central Florida Future
"So when they're partying at The Station and they wake up to their car being towed and they have to pay $100 to get it out, that kind of eats into a student's budget. They're not going to want to go to a place, no matter how popular it is, if they know ...


OB Rag

News From Ocean Beach and the Peninsula
OB Rag
The San Diego Unified School District voted in October 2012to sell the property as part of their plan to balance that year's budget. In the auction, it ... The most recent dog wash shop on Voltaire Street has just closed and the space is up for rent ...


Uber, Airbnb a Danger to Car Rentals, Hotels?
Barron's
Uber, a service that connects passengers with private drivers for hire via a smartphone app, is already the bane of cabbies in 45 countries. Whether it's a threat to car rental companies like Avis Budget Group (ticker: CAR CAR -2.933139005283294% Avis ...

and more »

Curbed Seattle

What $1500/Month Can Rent You in Seattle Right Now
Curbed Seattle
Welcome back to Curbed Comparisons, where we scour Seattle's rental listings to see what your monthly budget will get you across the city. This week we ... Not much room to move but the building is full of amenities, including electric car charging ...


Springleaf Financial Shares Top Money Management Mistakes
CNNMoney
There are many free online tools (such as Mint.com, BudgetTracker and Level) to help people create budgets and make better saving and spending decisions. Take a look at what's available to find ... Once you've taken a look at where your money goes, you ...

and more »

15 Important Expenses That You Probably Forgot to Plan For
DailyFinance
The young should cut up their credit cards, rent cheaply (never get a mortgage if you can't afford it), stop eating out, order food online in bulk (walmart.com), drive a cheap car (honda civic is a good start), get cheap car insurance ($25/month from ...


Brother, sister raise each other
Lake Geneva Regional News
We had to use all we had saved for our rent and all our other expenses to pay for the car repair. We thought we were ... They did not have any funds in their budget for entertainment or clothing or education, like most people their age. They were ...

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.