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


Avis Budget Group Renews Exclusive Partnership With British Airways
MarketWatch
Avis Budget Group, Inc. (NASDAQ:CAR) and British Airways have entered into a multi-year exclusive global partnership agreement to provide British Airways customers with access to Avis Car Rental vehicles, along with other travel benefits. The new ...

and more »

Undercover Cops Bust Man Who Allegedly Forgot His Heroin In Rental Car
Huffington Post
Quick-thinking workers at Budget Rental Car at Newark Liberty International Airport called police when they found the package, hidden under the dashboard of the rental vehicle and left behind. Quick-thinking cops went undercover and answered the call ...


Travel Troubleshooter: Car rental agency needed better evidence
Sacramento Bee
I recently rented a car from Budget in Nashville and returned it to New Orleans. It was in perfect shape when I brought it back. A few weeks ago, I received a damage claim from the company. They asked me to pay more than $3,000 for repairs. I'm not ...


eTurboNews

Cashless Toll Roads and Rental Cars: 6 Tips
Fox Business
Even if you figure out a way to avoid using the car company's e-toll transponder system, you may end up being charged for it anyway. When Sean White, of Hollywood, Fla., rented a car from Budget for a two-week trip to Orlando, he brought along his own ...
Rise in Global Travel Drives Opportunities in the Car Rental Business ...PR Web (press release)
Travel Law: Rental car companies behaving badlyeTurboNews
Will Hertz Shareholders Suffer From Post-Spinoff Remorse a la Expedia?Motley Fool

all 8 news articles »

Car rental prices spike for Masters
The Augusta Chronicle
For many of the national car rental chains – among them, Hertz, Enterprise and Budget – the regular daily rate of a standard car mid-Masters Week skyrocketed compared with the same period this week. Rates more than doubled, and in some cases ...

and more »

Avis Budget Group Is Speeding Much Higher
Seeking Alpha
Avis Budget Group (CAR) is a leading global provider of vehicle rental and car sharing services, operating three of the most recognized brands in the industry through Avis, Budget and Zipcar. The Avis and Budget brands have more than 10,000 rental ...
Acquisitions, Product Offering, Milestone Achievement, and Statement Release ...SYS-CON Media (press release)
Trending Stocks – Avis Budget Group Inc. (NASDAQ:CAR), Youku Tudou Inc ...Techsonian (press release)

all 6 news articles »

Did Budget send me the wrong damage claim?
Dallas Morning News
Question: I recently rented a car from Budget in Nashville and returned it in New Orleans. It was in perfect shape when I took it back. A few weeks ago, I received a damage claim from the company. They asked me to pay more than $3,000 for repairs. I'm ...

and more »

Car rental prices forecast to climb on higher rates, rand
BDlive
While consumers had in the past benefited from competition among the industry's three main players — Avis, Europcar and Budgetcar rental companies are now also under pressure from larger shareholders, who wanted a better return on investment, they ...


Modesto Bee

Dollar Rent A Car
Daily Inter Lake
Our special rental cars offers and low everyday rates assist you in keeping your travel plans within your budget. Dollar Rent A Car has convenient national and worldwide car rental locations to service you. Our Dollar EXPRESS car rental program will ...
Senator Boxer Urges General Motors CEO Mary Barra to Support Rental Car ...Imperial Valley News
Car Rental Companies Ramp Up Exotic OfferingsEDGEOnTheNet
Is that your Rolls-Royce? For $2200 a day, it isOmaha World-Herald

all 25 news articles »

NorthJersey.com

Bronx man busted at Newark Airport trying to get 250 bags of heroin back from ...
New York Daily News
Carlos Tavarez, 30, left the stash of 'Fat Boy' heroin in a Chevy rental car at Newark Airport. He was arrested Wednesday on drug charges after arranging to retrieve the drugs from undercover cops he believed were Budget Rent A Car workers, police said.
Police: NY man arrested while trying to retrieve drugs from rental car at ...NorthJersey.com
Bronx man busted at Newark airport after he tried to reclaim his heroin from ...The Star-Ledger
Cops: Bronx Man Arrested After Leaving Heroin In Rental Car At Newark AirportCBS Local
The Post-Standard
all 17 news articles »

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.