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


Renting a car? Using a debit card could damage credit score
Pittsburgh Post-Gazette
But the choice could backfire when it comes to renting cars. Some car rental agencies, such as Budget Rent a Car, have policies that allow them to run credit checks on customers who use debit cards. And that inquiry could cost the customer some credit ...

and more »

Yahoo Travel

Paradise Awaits—11 Reasons to Visit the British Virgin Islands
Yahoo Travel
I discovered the British Virgin Islands (BVI) on a whim in 2013. I booked a one-day excursion to four of the islands to celebrate my birthday, and I knew little of the BVI's beaches, culture, and beauty before boarding the Bad Kitty charter. Eight ...


Trial date set for dispute over canceled sale of state-owned buildings
Los Angeles Times
Arnold Schwarzenegger to fill part of the state's budget deficit by unloading commercial building complexes owned by the state, including two in downtown Los Angeles, for $2.3 billion. The deal ... The group, called California First, wants to revive ...


Green Bay Press Gazette

Food-delivery startups are fattening up on technology
Green Bay Press Gazette
Just as people with a car can become a taxi service on Uber or Lyft using a smartphone, Instacart's “personal shoppers” are actors, retirees and college students with vehicles and without jobs, said Walker Dieckmann, the grocery delivery's manager in ...


Boston Globe

'Eat, Drink & Remarry' By Margo Howard
Boston Globe
The only child of Eppie Lederer, a.k.a. Ann Landers, and Budget Rent a Car cofounder Julius Lederer, Howard grew up with such a mouthful of silver spoons, it's a wonder she learned to talk. But talk she does. (It's also worth noting that her mother's ...

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Rental properties make having a pet difficult
Kenosha News
However, it is not always easy to have pets if one is renting. Many rental places around ... People have mentioned to me that while living in a bigger city they were able to easily find places that allowed dogs, but in Kenosha they had a difficult time ...

and more »

TravelDailyNews Asia-Pacific

Budget Car Rental Expands in Singapore with Two New Locations
ASIATravelTips.com
One facility located at 356 Alexandra Road will open on 13 October 2014, while another will open within Caltex Holland station at 297 Holland Road on 10 November 2014. The two new locations will bring the total number of Budget Car Rental stations in ...
Budget strengthen its presence in Singapore by opening its 5th & 6th locationTravelDailyNews Asia-Pacific

all 2 news articles »

The National Law Journal (registration)

Judge Rejects Avis Wage-and-Hour Deal as Too Vague
The National Law Journal (registration)
A proposed class settlement between Avis Budget Car Rental LLC and its shift operations managers would allocate nearly 40 percent of the $760,000 compensation fund to plaintiffs' attorneys, but the amount class members would receive was unclear, ...

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Rent-to-own offers easy answer, no solution for poor consumers
SouthCoastToday.com
CULLMAN, Ala. — The love seat and sofa that Jamie Abbott can't quite afford ended up in her double-wide trailer because of the day earlier this year when she and her family walked into a new store called Buddy's. Abbott had no access to credit, no ...
Why the poor pay sky-high interest rates for the trappings of middle-class lifeNew Zealand Herald

all 4 news articles »

Research and Markets: Global Car Rental Market Report 2013 - 2019: Major ...
Business Wire (press release)
This market research study analyzes the car rental market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2019. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the ...

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.