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


Wall Street Journal (blog)

Car Sharing Grows Under the Wings of Rent-a-Car Incumbents
Wall Street Journal (blog)
In addition to offering Zipcars in more cities, such as Paris, Avis Budget plans to expand the service to airports and begin offering one-way Zipcar rentals—starting with a pilot program in Boston—and offering a larger selection of vehicles. Navigant ...

and more »

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 »

ThinkProgress

South Dakota's Minimum Wage Workers Are Eating At Soup Kitchens -- But They ...
ThinkProgress
With $700 a month in rent and much of her income going toward paying off debt, Holliday said she and her husband struggle to provide for their six-month-old baby and two older children. As she works ... A South Dakota Budget and Policy Project report ...

and more »

Socialist Alternative

Murray's Business-as-Usual Budget Fails to Deliver for the 99%
Socialist Alternative
Unions and community organizations need to build a campaign for rent control through town halls and other outreach, building for major protests in Olympia to demand an end to the rent control ban. For real representation of working people on the Mayor ...


How You Can Stop Living Paycheck to Paycheck
Nasdaq
Creating a budget may have a bad reputation as the fastest way to kill a good night, but just because no one looks forward to cozying up with an excel spreadsheet and a stack of receipts after work doesn't mean it isn't one of the most important things ...

and more »

Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone
KFGO
But as old contracts expire, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity. Thousands of ... Spain has one of the smallest ...

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 »

Global car rental industry by regions:
Virtual Press Office (press release)
Enterprise Rent-A-Car, Hertz Global Holdings, Inc., and Avis Budget Group Inc. are some of the major providers of rental services in the car rental industry. The industry players are going for partnership and strategic alliances with airline companies ...

and more »

Workers Struggles: Asia, Australia and the Pacific
World Socialist Web Site
Auto-rickshaw drivers in Sylhet city, in north-east Bangladesh, struck on October 19 on several demands. ... They were demanding the Rajapakse government's 2015 budget include a pay rise for public sector employees. ... The association wants the ...


17 Life Goals Every Twentysomething Is Proud to Achieve
Cosmopolitan (blog)
If you go a little outside your budget this month because you seriously needed that neon mini, or you needed to take some days off of work because you're stressed out of your mind, you know you're gonna be fine. Why? ... Buying a new car by yourself ...

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.