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


Using a debit card to rent a car could damage credit score
STLtoday.com
Some customers prefer to use a debit card rather than a credit card to make purchases as a means of limiting debt and managing their finances. But the choice could backfire when it comes to renting cars. Some car rental agencies, such as Budget Rent a ...
Debit card for rental car could hurt creditColumbus Dispatch

all 3 news articles »

KFOX El Paso

KFOX14 Investigates: Military family finds a local car rental company's form ...
KFOX El Paso
EL PASO, Texass--A Fort Bliss family said their experience with a local Budget rental car company was not a positive one. They feel the company discriminates against active military members. The couple rented a car from the company and when an ...


DNAinfo

AirBNB-Type Vacation Rentals, Cable, Car-Sharing to Cost More in New Budget
DNAinfo
The budget also fully eliminated an exemption on the entertainment tax for cable TV, which the city said will produce an estimated $12 million. And a 9 percent lease tax to be imposed on car-sharing firms like IGO and ZipCar was expected to generate $1 ...

and more »

Local rental car company changes policy after allegations of military ...
KFOX El Paso
EL PASO, Texas - Following a KFOX14 Investigation, a local Budget Rent-A-Car is doing away with a form some considered discrimination. Sunday, Chief Investigative reporter Genevieve Curtis brought you the story of a military family denied a rental car ...


Budget crunch means Salvation Army needs help
Zanesville Times Recorder
Ester had lost his job during the summer of 2013, and the couple lost their car when he lost his job. But they still had gas, water, electricity, medication, groceries and rent to pay for, and by August, they were out of their apartment. With no place ...

and more »

The News Journal

Homeless man, dog help each other through hard times
The News Journal
"When I couldn't pay my rent any more, I moved across the street into the backyard of an empty house," Buchmann said. "I pitched a two-man tent, and it ... He finally sold his car to try and hold on to his $800-a-month apartment until he could find a ...

and more »

Credit.com News (blog)

12 Ways to Cut Your Rental Car Costs
Credit.com News (blog)
Planning to hit the road in the near future? A rental car may be in those plans, but don't let the hidden costs wreak havoc on your wallet. When I reserved my first rental car seven years ago, the price on the computer screen seemed almost too good to ...


Turkey-basket effort shifts into gear
Fort Worth Star Telegram
Member congregations contribute money to the alliance's annual operating budget and its direct aid account that provides clients with emergency rental assistance, utility payment assistance, prescriptions and gasoline. • Donations of money, clothing ...

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Las Vegas Review-Journal

5 ways to save money during peak travel season
Las Vegas Review-Journal
The holiday season has some of the busiest travel days of the year – typically the five days surrounding Thanksgiving and the 17 days around Christmas and New Year's. Because of the sheer volume of travelers, airfares, hotel rates, car rental rates and ...

and more »

Renting a car with a debit card could damage your credit score
Waterbury Republican American
Some customers prefer using a debit card rather than a credit card to make purchases as a way to limit debt and manage their finances, but that could backfire when it comes to renting cars. Some car rental agencies, such as Budget Rent a Car, have ...

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.