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


Video: How Bill Murray And Dan Aykroyd Met James Brown At A Budget Rent-A ...
Gothamist
On today's episode of Celebrity Dream Pairings, Bill Murray once hung out in a rental car parking lot with James Brown. Dan Aykroyd shared the tale with Jimmy Fallon on The Tonight Show last night: ...

and more »

Jordan's Quiet Emergency
The Atlantic
“We were trying to get back to Damascus when the bomb hit our car.” She rips the lettuce into little pieces, dropping them back onto ... More than one in four Syrian refugee women in Jordan, Lebanon, Iraq and Egypt head households alone, struggling to ...

and more »

Stay Connected: Avis Budget Group Rolls Out Mobile Wi-Fi Across Europe
MarketWatch
Avis Budget Group, Inc. (NASDAQ:CAR) today announced that Avis Car Rental and Budget Car Rental customers can now rent portable Wi-Fi devices in twelve European countries. The new offering provides customers with access to 1GB of data per day ...
Avis Budget Group Keeps Up with the Joneses with Wi-FiTravelPulse
Car Recalls May Mean Fewer Rental OptionsWFMY News 2

all 18 news articles »

Parents in the dark when it comes to kids' spending
Advisor.ca
Make a budget, and revisit it often. Tell clients that preparing a budget is the best way to stay in good financial shape when kids are away at school. There are a number of online tracking tools that automatically keep track of spending so kids can ...
College- or University-bound? Students and parents need to have "the talk"Exchange Morning Post (press release)
College- or University-bound? Students and parents need to have "the talk ...NorthumberlandView.ca

all 10 news articles »

Asheville's public housing overhaul seeks firm funding
Asheville Citizen-Times
The Rental Assistance Demonstration project is a fairly new program, implemented in 2012 in the aftermath of severe funding cuts to public housing authorities across the country. Greensboro, Wilmington and Lexington are also moving ahead with the RAD ...


GUEST COMMENTARY: Looking down at the poor
Gadsden Times
Years ago, one of my professors taught us that the poor pay more for everything. Consequently, escaping poverty is much harder than most people imagine. I didn't quite “get it” at that time. The disappearance of middle-income jobs that became evident ...

and more »

Helping Hand
Vineland Daily Journal
“For many families throughout our region living paycheck-to-paycheck, tax preparation done right can result in a significant budget boost to help individuals pay down debt, save for a home and build assets.” Taxpayers often are unaware of the important ...


US couple the latest victims in flat-tire scam that targets tourists
Tico Times
After renting a Rav-4 from the Budget Rent-A-Car near the Juan Santamaría International Airport, the two encountered a motorcyclist on the road entering Desamparados. According to Smith, the motorcycle pulled up to the Rav-4's driver-side, tapping the ...


Global Car Rental Market - Industry Analysis, Size, Share, Growth, Trends and ...
PR Newswire (press release)
A 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, facilitating customers to return the ...

and more »

Yahoo!7 News

Markets outlook – July 22
Yahoo!7 News
What is in the number one position, well, paying off the mortgagor the rent is basically number one and two and paying off the car is number 3. But the single ... If there is a significant rise in petrol prices, it does hit the family budget in a big ...

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.