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 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.
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
The Avis Budget group trades on the NYSE under the symbol CAR.
Budget Rent a Car News
AARP News (blog)Check Out These Money-Saving Rental Car Tips
AARP News (blog)
For starters, plan ahead and know what extras you want and don't want (you might hear pitches for emergency roadside assistance or supplemental liability insurance), so you're not feeling pressured to make decisions at the rental car counter. Here are ...
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- 3 Reasons to Buy Car Rental Stocks
There are three major reasons why publicly traded companies that rent cars and trucks such as Avis Budget (NYSE: CAR), Ryder Systems (NYSE: R) and Hertz Global (NYSE: HTZ) should continue to reward shareholders well into the future. The business ...
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- Rental car companies get pass on traffic camera fines
A KING 5 Investigation reveals the rental car industry spent hundreds of thousands of dollars over the past decade on campaign contributions and lobbying in Olympia. Over the same period, the industry won favorable treatment in every Washington law ...
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- Budget Car Rental's Fuel-Efficient 2014 Fleet Helps Travelers Save Money ...
Wall Street Journal
With a full range of fuel-efficient vehicles to meet most any rental need, many with family-friendly entertainment systems, Budget Car Rental invites drivers to pocket the savings and enjoy holiday travels in a new sedan, minivan or sport utility vehicle.
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The IndependentSomething To Declare: Car hire – a service that makes budget airlines look good
What is the most high-performance car on the road? According to P J O'Rourke: a rental car. “It's an all-terrain vehicle,” he writes. “Mud, snow, water, woods – you can take a rented car anywhere. True, you can't always get it back – but that's not ...
Auto World NewsRent-your-car service gets green light at SFO airport
That's good news for fans of RelayRides, a San Francisco-based peer-to-peer car-sharing company that since August has provided departing passengers free airport parking and car washes, while offering arriving visitors great rental deals on those cars.
San Francisco Airport, New Rental Car Service Reach Groundbreaking Agreement
Auto World News all 8 news articles »
- Best Car Rental Deals 2013
SBWire (press release)
Despite on-going consolidation in the car rental industry, pundits suggest that consumers may not get hit with the higher prices that often accompany these deals. The trade publication Auto Rental News recently predicted “a ground war on rates ...
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- RentingCarz.com Rolls Out Rental Car Offers This Holiday Season
PR Web (press release)
With the holidays upon us, RentingCarz.com, a new car rental website (https://www.rentingcarz.com) designed exclusively for Latin American and Caribbean travelers, today unveiled its car rental offers for customers planning to visit the U.S. this ...
CTV NewsBudget Rent-A-Car evacuated after water main break
A major water main break forced the evacuation of Budget Rent-A-Car in Saskatoon's north end Wednesday afternoon. Water was pouring out of the business on 45th Street West when fire crews arrived shortly before 2 p.m. The underground water line ...
- As Car Sharing Grows in Popularity, Time to Stop Singling Out Car Rentals for ...
How the Zipcar deal works is that I rent a car by the day or by the hour. So “part of a day” here means that if I rent the car for an hour to go to Home Depot or something, I'm paying $2 extra on a $9 bill every time. That's a 22% tax rate for a one ...
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.