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


Letter: Misinformation in radio report, Re: Rental car companies at airport ...
The Sheridan Press (subscription)
It was written that airport manager John Stopka “told the county commissioners in a meeting last week that the airport will also lose the two rental car agencies that currently rent space in the airport. Those two are Avis and Budget…” I spoke with ...


CBC.ca

Rental car firms Avis, Budget targeted for 'misleading' pricing
The Globe and Mail (subscription)
Those nagging fees and surcharges levied by Avis and Budget that help boost a $19.99 tab for a car rental above $30 represent misleading advertising, the federal Competition Bureau says. Avis, Budget and parent company Avis Budget Group Inc. should be ...
Competition Bureau seeks customer rebates for Avis, Budget car rental feesCBC.ca

all 52 news articles »

BDlive

Car rental rates set to increase
BDlive
Avis Rent a Car southern Africa, a division of Barloworld, took over the regional Budget Car Rental brand from Bidvest this month. "When Bidvest gave it up it was an ideal opportunity to align with our principals, and it also gives us an opportunity to ...


Avis Budget to Buy Italy's Maggiore Group for $170 Million
Wall Street Journal
Avis Budget Group Inc. has agreed to buy Italian rental car company Maggiore Group in a $170 million deal that will make Avis the largest vehicle-rental company in Italy. Maggiore, which has operated in Italy since 1947, is the country's fourth-largest ...

and more »

TRAVELAUTO.COM OFFERS RELIABLE CAR RENTAL IN MUSCAT OMAN ...
TravPR.com (press release)
COM) OMAN - March 12th, 2015 - Muscat, Oman – 11th March, 2015: Travelauto.com has announced the availability of reliable car rental services in Muscat from Budget Rent a car as well. The additions of budget car rentals Muscat in Travlauto.com is ...


Between banks and unions, Democrats could be squeezed for campaign cash
Washington Post (blog)
... budget passes Senate 2) Opinions, including Noah Smith on Piketty and the land tax 3) Federal agents reportedly went to parties with prostitutes hired by drug cartels, and more. Map of the day: When you combine the cost of getting around by car ...

and more »

Tampabay.com

Student group wants to start food bank at USF
Tampabay.com
Despite working two jobs, Edwards couldn't fill her refrigerator after paying rent, car insurance and tuition, among other expenses. And the ... Money for groceries is usually the most flexible part of a personal budget, and thus more likely to be cut ...
USF Group Wants to Start Food BankThe Ledger

all 2 news articles »

U.S. News & World Report

10 Ways to Live Within Your Means
U.S. News & World Report
Even small adjustments like cleaning your own home, making your own laundry detergent or painting your own nails can leave more room in your budget without much sacrifice. Rent out your space: Believe it or not, vacations don't have to get cut out ...


Prom on a budget: Spend less, look best
Salina.com
Designer rental: Sites like Rent the Runway (renttherunway.com) allow users to rent a designer dress for the weekend. Pricey brands like ... —Fast Food Tour: Pile in the car with a responsible driver and head to your top five favorite fast food spots ...


Rent a car for about $10 a day in Florida
Dallas Morning News
If you want to take a Florida vacation at a budget price, then we've got the deal for you. It's that time of year when car-rental companies start rolling out low rates to move their cars from Florida, which is a winter vacation hot spot, 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.