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


Shocker: Avis Car Rental Bars Israeli Executive from Renting
New Jersey based Avis, owned by the Avis Budget Group (which also owns Budget Rent a Car and Zipcar), is one of the largest car rental companies in the world, with almost 5500 locations in 165 countries. Almost nine hours after being asked for comment, ...
Did Avis Car Rental Discriminate Against Israeli Businessman?The Inquisitr
Avis Budget Group - Temporary Setback Veils Growth ValueSeeking Alpha
Investment Analysts' Weekly Ratings Updates for Avis Budget Group (CAR)Dakota Financial News
Money Flow Index -Voice Chronicle
all 44 news articles »

Avis Budget Group Extends Exclusive Agreement With Qantas Frequent Flyer
GlobeNewswire (press release)
PARSIPPANY, N.J., Nov. 09, 2015 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that Avis Car Rental and Budget Car Rental have once again been selected as Qantas Frequent Flyer's exclusive points-earning car rental ...
Active Trending Stocks: Avis Budget Group Inc. (NASDAQ:CAR), Caterpillar Inc ...wsnewspublishers
Growth Stock Watch: Avis Budget Group, Inc. (NASDAQ:CAR)Enterprise Leader
Insider Selling: John D. Jr. Hardy Sells 1264 Shares of Avis Budget Group ...Dakota Financial News
STORM -MidSouth Newz -WKRB News
all 19 news articles »

Testimonies of conquering debt
Washington Post
In one of my regular online discussions, a participant labeled her financial success story “Testimony Thursday.” I liked that phrase so much, I've adopted it. Now that we've entered the season of spending, I want to share some of my other readers ...
Michelle Singletary: Getting that debt monkey off your backMiami Herald

all 2 news articles »

New York Times

Gentrification in a Brooklyn Neighborhood Forces Residents to Move On
New York Times
Like longtime tenants from San Francisco to Harlem, the African-Americans and West Indians who have made their homes for generations in this Brooklyn neighborhood are scattering, muscled out by surging rents and, tenant advocates say, landlords who ...

Orlando Sentinel

Catholic Charities helps Orlando-area families weather crises
Orlando Sentinel
The Orlando-based Catholic Charities furnished $1,100 to help the family pay September's rent, said Sandra Diaz, a case manager with the nonprofit. The agency's ... A car repair. A job loss. An unexpected illness. One major crisis can unravel these ...

Avis Budget Group Inc.'s Trend Down, Especially After Today's 52-Week Low Hit
Avis Budget Group is headquartered in Parsippany, N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group ...
Upward Moving Stocks: Monsanto Company (MON), Avis Budget Group Inc. (CAR ...Techsonian (press release)

all 3 news articles »

International Living

Enjoying a Carefree Life on a Social Security Budget
International Living
We pay $350 a month in rent for our new, 1,616-square-foot, three-bedroom, two-bathroom apartment. And the monthly cost for utilities is ... We don't have a car because we can walk to almost anywhere we need to go. If we use transportation we take the ...

and more »

ABC News

Tips to Save on Holiday Travel
ABC News
With a budget of $4500, their current itinerary is over budget. The cost dramatically affects our ability to take vacation. Reporter: Enter Genevieve brown, ABC news' own travel insider. Her first point of business, flights and rental cars. They want ...

The Seattle Times

Savvy skiers, snowboarders never pay full price
The Seattle Times
Most of the Cascades and Olympics can be skied for the minimal cost of an access pass ($5-$20 per car). Of course, you won't have the luxury of a chairlift, you'll have to pack your own hot chocolate, and you better have route-finding skills and ...

and more »

Financial Times

Autumn Statement: the key measures
Financial Times
Examining the detail of this week's mini-Budget and Spending Review, higher earners clearly have much to fear from what have been dubbed “stealth taxes” announced by chancellor George Osborne on Wednesday. .... They face an unexpected additional tax ...

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.