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
Hero Aykroyd, who appears in upcoming Brown biopic Get On Up, apparently saved the late Brown $14-a-day on a rental car, but that's not the important thing here. What's important is that James Brown was wearing a full-on jumpsuit at an L.A. Budget ...

and more »

A rental car grace period? Better say your prayers
The Detroit News
A look at other major renters shows the same thing: No grace period survives except at Payless, Hertz and Budget. Even then, the grace period is a mere 29 minutes. Only Fox Rent-A-Car gets close to the traditional hour of grace, giving drivers 59 ...


Morning Memo: With budget deal, McCrory on the hot seat
News & Observer
“But buried in a bill now before North Carolina legislators are a few paragraphs that would let state officials essentially rent out the park for private use. “A group of vintage sports car buffs wants use of the park for a daylong 'hill climb' on Sept ...

and more »

Property Observer

Top five legal tips for buying property
Property Observer
Buying a property is one of the most important financial decisions you will ever make. It's easy to get swept up in emotions when you think you've found "the one", especially when you're a first home buyer or you've been searching for ages. But it's ...


In Times Of Transition, Get Practical About Your Finances
WHQR
... the payments that you have going out, especially debt payments and credit card payments. The two biggest payments that you want to be able to keep making are your house payments or, you know, rent - keep a roof over your head. And a car payment ...


Pakistani car industry slow to respond to rising demand
Bangkok Post
The CCP recommended discouraging the current rent-seeking culture through the opening up of the domestic market to imports of new cars at reasonable tariffs, removal of entry barriers to imports, and other liberal measures. The counter argument ...


Teens spend summer starting an auto detailing business
Prairie Business
Collin Bren, 17, of Dickinson, left, thought up the idea of a detailing business when a building became available to rent. With friend Kass Dvorak, 18, of Dickinson, the partners have built in a couple months a full-time business, with many 12-hour days.

and more »

The Yucatan Times

International Real Estate Investment Forum 2014. November 9-11, Cancun
The Yucatan Times
Often with a very modest down payment, you can then build your retirement nest egg month on month – and enjoy it, too – for less than many people spend on a car payment. Grow Your Nest Egg Outside Stocks, ... They're just another bargaining chip today ...


Planned restrictions don't float with fans of Ozark rivers
Lake Expo
Jay Nixon has indicated no interest in the park, which has an operating budget of $6 million a year and 120 employees and needs $34 million in repairs. Then there's Black. Talk about timing. Two years ago, at the twilight of a long career with the ...


Hardship north of Superior opens Torontonian's eyes
Waterloo Record
Balkwill is the provincial organizer of Put Food in the Budget, a coalition of Ontarians living in poverty and their allies (heads of social service agencies, homeless shelters, public health units and supportive citizens). Its campaign began in ...

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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.