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


Zawya (registration)

Bahrain's Batelco, Budget Rent-a-Car sign MoU to Provide Wi-Fi On-the-Go
Zawya (registration)
The MoU was signed by Batelco A/General Manager Consumer Division Ebrahim Al Sayed and Budget Rent-a-Car General Manager Tony Hinder in the presence of other officials at Batelco 's Headquarters in Hamala this week. The agreement will see ...
Batelco to provide mobile Wi-Fi in Budget rental carsTelecompaper (subscription)

all 8 news articles »

Avis Budget Introduces Tablet Rentals
Benzinga
Avis Budget Group is making it easier for travelers to stay connected. The Company today announced that Avis Car Rental and Budget Car Rental customers can now rent tablets at participating locations across the United States. Tablets available for rent ...

and more »

Budget files $14K suit against customers who allegedly totaled Maxima
The Louisiana Record
NEW ORLEANS – Budget Rent A Car is suing patrons claiming they inflicted $14,000 worth of damages to a 2014 Nissan Maxima. The suit was filed against Joyce Davis and Leon Huderson in the Orleans Parish Civil District Court on April 6. On March 14 ...


Tampabay.com

Tampa International Airport brings car rental companies under one roof
Tampabay.com
They added space to fit the entire Tampa car rental market and give it enough space to handle 10 years of projected growth. The airport currently has four major players operating in the main terminal: Avis Budget Group Inc., Enterprise Rent-A-Car, the ...


Moody's assigns definitive ratings to Avis Budget Series 2015-2 rental car ABS
Moodys.com (press release) (subscription)
The Issuer is an indirect subsidiary of the sponsor, Avis Budget Car Rental, LLC (ABCR). ABCR is a subsidiary of Avis Budget Group, Inc. (Ba3 corporate family rating/stable outlook). ABCR is the owner and operator of Avis Rent A Car System, LLC (Avis), ...


The Inquisitr

Enjoy A Luxury Vacation In Bali At Budget Prices [Video]
The Inquisitr
In fact, for getting around in Bali, it is not always necessary to rent a car. There are several air-conditioned and comfortable buses available and the latest worldwide craze of Uber taxis has hit the country too, which are so much cheaper than the ...


Daily Californian

Hidden Homeless: a quiet search for refuge, among Berkeley's youth
Daily Californian
After his landlord raised their rent, he and his mom spent every night of his freshman year of high school sleeping in a car. That year, he failed nearly all of his classes, introducing unexpected pressure into his life. .... Services needed by some of ...


Miami New Times

Actors' Playhouse's David Arisco: One Determined Director
Miami New Times
... involved in that much multi-tasking, but Arisco's efforts have clearly paid off. Actors' Playhouse now boasts more than 2,100 season subscribers, a budget of $3.2 million and a reputation as one of Florida's leading regional theaters. ... “My rent ...


Boston Globe (subscription)

Boston advances plan to designate public spaces for Zipcar, Enterprise
Boston Globe (subscription)
Drivers in Boston could soon find some public spaces off-limits as officials set them aside for Zipcar and Enterprise vehicles — part of an effort to bring more short-term car services to the city's neighborhoods. In February, city officials sought ...

and more »

Burke County Tribune
CNDNEWS.com
Our family is growing. Daughter number one and only recently got engaged, which means there is a wedding and new son-in-law in our future. The engagement took my husband by surprise. I think he was (is?) in denial about our kids growing up. I am right ...

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.