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

Customers can be liable when rental-car returns go wrong
Washington Post
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 ...

Chicago Tribune

Renting a car often filled with questionable sales tactics
Chicago Tribune
I explained this to the Budget employee — of course, he already knew it — and told him that the car I had reserved — a "Hyundai Accent or similar" — was of value to me because it would hold me, my companion and our luggage. The Smart car had ...

Rental car return process can leave you on the hook
Santa Fe New Mexican.com
A tire on Bonney's car went flat only a few hours before his flight back home to Alaska, while he was parked at Joint Base Anacostia-Bolling, in D.C. There was no spare, so he had to call Budget Roadside Assistance for help. Budget promised to send ...

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PSC balks at Jindal administration order
The Advocate
Besides, their cars already are paid for and they would have to rent cars, which is not in the budget, to accomplish the same tasks. The Jindal administration on Dec. 9 ordered the state utility regulators to turn over seven of their cars, which would ...

RILEY: Christmas travel no day at the beach
Asbury Park Press
Obviously, this influx of people caused a shortage of rooms to rent in Bethlehem. Try to imagine attempting to ... Given our rickety car — and even more rickety budget — we decided to stop for the night at the cheapest motel we could find. And there ...

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The breakdown on Harford's debt shows it's reasonable [Editorial]
Baltimore Sun
Debt is one of those things people love to hate, and that goes double for public debt. Just about all adults, if asked, would say their preference would be to be debt free, yet almost no one is. The realities of modern life all but preclude being debt ...

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Laura Woods: 5 ways you're sabotaging your future net worth
You may not realize it, but the actions you take now can greatly impact your sense of financial security down the road. Many Americans inadvertently minimize their future net worth by focusing only on the short-term. It can be great to live in the ...

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The Top Regions For Retirement In Italy
A modest monthly budget of $1581 will cover basic expenses – home, utilities, entertainment, food and wine – in most areas. Pescara to Rome is three-to-four hour day trip by car, train or bus. Le Marche. This mountainous region of hill towns, farms and ...

More Parking Planned At Northwest Arkansas' Airport
Northwest Arkansas News
FAYETTEVILLE -- Travelers will soon have more places to park their cars at the Northwest Arkansas Regional Airport. The airport's board on Wednesday approved a $15.5 million operating budget for next year that includes money for about 500 surface ...

The Advocate

Rich fun on a low budget: South Beach side streets
The Advocate
From a car, maybe they don't look like much. But on foot or on one of the Citi Bikes for rent throughout South Beach, the side streets running between the bay and the ocean open up a whole new neighborhood with local haunts that offer high-class ...

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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.