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


USA TODAY

Budget Car Rental Expands European Presence With the Opening of More Than 200 ...
Nasdaq
PARSIPPANY, N.J., Aug. 31, 2015 (GLOBE NEWSWIRE) -- Budget Car Rental has significantly increased its European footprint this year by opening more than 200 new locations in the region and giving travelers great value at key European destinations.
Budget Car Rental has significantly increased its European footprint this year7thSpace Interactive (press release)
Business travelers warming up to alternative car rentalsCharleston Post Courier
Avoiding a long wait at the car rental counterUSA TODAY

all 7 news articles »

WESH Orlando

Melee breaks out at Cape Canaveral rental car office
WESH Orlando
An employee of Budget Rent-A-Car in Cape Canaveral said people on a shuttle van started pushing and shoving before arriving at the store. As the van entered the parking lot, the people kept it up, right into the rental office. Witnesses said they don't ...

and more »

Travelauto.com Announces the Addition of Budget Rent a Car Services in Israel
PR.com (press release)
Tel Aviv, Israel, August 13, 2015 --(PR.com)-- Coming hot on the heels of tremendous growth recorded in the last few months, Travelauto.com, a leading car rental marketplace has announced the addition of Budget Rent a Car for multiple destinations ...


New York Times

Business Travelers Warming Up to Car-Sharing
New York Times
IN March, William Petz departed from his usual routine of logging on to Travelocity or Orbitz to rent a car from Budget or Hertz while traveling on business. A Facebook posting had caught his eye: It was for a rental company called Silvercar, which ...

and more »

East-to-West Scavenger Race Sept. 13 is a benefit for Raechel & Jackie Foundation
Santa Cruz Sentinel
Since then, Houck has pressed for legislation to require such safety defects to be fixed on rental cars. She started a foundation to ... When her lawsuit against Enterprise Rent-A-Car ended in a $15 million damage award, Houck endowed the foundation ...


Chicago Daily Herald

Defenders offer weed wrench rentals
Chicago Daily Herald
This is your environmentally friendly and relatively simple way of ridding your yard of buckthorn. For Defenders' members, a donation for weekly rental, plus $50 refundable deposit. For nonmembers, there is a $25 per week fee, plus $150 refundable deposit.

and more »

The undercarriage of the car-wash industry: Wage fraud and other abuses
Washington Post
But because of federal sequestration cuts and state budget problems, the agency has 40 of its 191 positions unfilled in its $14 million annual budget, Davenport said. “If you have it fully staffed, there's a whole lot more we can do,” he said. For car ...


Travelauto.com announces addition of budget car rentals in Israel
TravelBizMonitor (press release) (registration)
Car rental marketplace, Travelauto.com has announced the addition of Budget Rent a Car for multiple destinations within Israel. While making the announcement, the CEO of Travelauto.com, Chandra Moulli said that the addition comes as an answer to ...

and more »

Court gives SeaTac workers a raise after $15 minimum wage exclusion
PBS
Workers like Hani Osman, a driver at SeaTac Airport's Avis Budget Rent A Car, which the Teamsters recently succeeded in organizing with the help of this Somali refugee. HANI OSMAN, Avis: We don't get vacation. We don't get sick call. We don't get ...

and more »

Forbes

Meet The Couple Who Saved $40000 In Two Years To Travel The World
Forbes
They tackled the existing balances on their credit cards and car loans first by draining the couple thousand dollars in their existing savings account, which they had started when they got married in 2012. That left them with a balance hovering ... To ...

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.