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


Condé Nast Traveler

Budget Car Rental Saves Your Family Time and Money; Give us Your Email ...
Nasdaq
Help make sure that it's the best trip ever by giving Budget Car Rental your email address when you reserve a car. Why? Providing an email address allows Budget to communicate more effectively with renters before, during and after a rental, and those ...
What's this 'mandatory' car insurance in Panama?Miami Herald

all 18 news articles »

Construction plan pays for school earthquake improvements
Washington Times
The list of debt-financed construction projects is one of the final pieces of the budget before lawmakers can close out the 2015 legislative session. The House and Senate spent Friday debating several dozen bills as they push to adjourn in the coming days.

and more »

Daily Beast

Tangerine: How One of the Most Stunning Movies of the Year Was Shot on an ...
Daily Beast
It took three tiny cameras, a few groundbreaking gadgets, next to no budget, and a whole lot of indie spirit to pull off the fiercest, ballsiest, and heartwarming-est film you'll ever see about a hooker's rage-fueled odyssey across Los Angeles ...

and more »

San Antonio Express-News (subscription)

Car sharing thrives despite rising new-vehicle sales
San Antonio Express-News (subscription)
In fact, a newish segment of car-share industry also is expanding — renting out your personal vehicle to strangers in much the way Airbnb rents out your residence to travelers if you're out of town or on vacation. A San Francisco-based vehicle-share ...


Car Rental Market Growing at 15% CAGR to 2019
PR Newswire (press release)
Also, car rental gives people greater mobility without the need to pay the various costs associated with car ownership. It also gives them the freedom to choose cars based on their requirements and budget, which may change over time. Further, the ...

and more »

Las Vegas Review-Journal

How creating a budget will improve your credit score
Las Vegas Review-Journal
A proper budget outlines the exact dates your auto loan, mortgage or rent, credit card, utilities, cable, and other bills are due. Estimating those due dates and paying your creditors late is bad for your credit history. Missing them altogether is ...


Get the Most Out of Your European Vacation Dollar With Budget Car Rental
Nasdaq
PARSIPPANY, N.J., June 17, 2015 (GLOBE NEWSWIRE) -- With the present currency exchange rates, the U.S. dollar is stronger than normal. For many, that makes this summer the ideal time to go on that eagerly awaited European family vacation. Budget Car ...

and more »

wsnewspublishers

Pre-Market News Report on: Avis Budget Group (NASDAQ:CAR), Netflix ...
wsnewspublishers
Avis Budget Group Inc. (CAR) relative valuation is UNDERVALUED and it has a fundamental analysis score of 31. Our analysis is based on comparing Avis Budget Group, Inc. with the following peers – Hertz Global Holdings, Inc., AMERCO and Localiza Rent ...

and more »

azcentral.com

Panel: Self-driving cars will cost cities
azcentral.com
"I don't think anybody is worried about driverless cars impacting their municipal revenue — maybe impacting their guard rails and curbs," Strobeck said. In Phoenix, bad-driver-funded revenue generates slightly more than 1 percent of the city's budget ...


6 Ways to Travel New Zealand on a Budget
Huffington Post
New Zealand has a variety of rental companies for budget price points, such as Jucy Rentals and Thrifty, that offer cars and vans for as little as 22 New Zealand dollars (about $15 USD) a day. If that's still too steep, look into rental relocations ...

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.