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


Rental Car Prices Are Giving Us Sticker Shock
DailyFinance
The blame can be laid at the feet of the major rental companies. Avis Budget Group (CAR), for example, in its most recently reported quarter, lifted its U.S. rates by around 4 percent, excluding its budget brand Payless and short-term rental subsidiary ...

and more »

Car rentals
The Economist
Hertz and Avis Budget still do over two-thirds of their business at airport counters. Enterprise, the largest firm, with about 40% of the world market, mainly rents out cars in city centres, and in America it has the lion's share of the market for the ...


Money Saving Mondays: Child Care
NECN
... food or housing. Figuring out how to get a handle on those costs? For expectant parents, Levin said, “It starts off really simple. Start with a budget. Start to take a look after you pay your rent, after you pay utilities, after you pay for your ...


The Texas Observer

Idaho-Based Athlos Charter Schools Grow in Texas, Despite State's Denial
The Texas Observer
Conger spoke passionately about the transformative power of Athlos, and how many more children they'd reach with a separate charter: “If you were driving down the road and you saw a car accident, would you stop and intervene?” ... estimated $442,395 in ...

and more »

Report: NJ increasingly unaffordable for residents
Vineland Daily Journal
The job doesn't pay too much,” said Abdul-Rahin, 42, who shares a home in Somerset County in order to save on rent and utilities. Abdul-Rahin said the United ... “The doesn't mean I have much, after I pay all the bills, gas, food, insurance for the car ...


Cincinnati CityBeat

Morning News and Stuff
Cincinnati CityBeat
It's a fairly brazen move, considering Mahogany's has fallen behind on loan and rent payments and that the city of late has been less than interested in making further deals with the restaurant. No word on a response from the city yet, but we'll be ...

and more »

Using Extreme Frugality In The Beginning To Get Things Rolling
GuruFocus.com
That saved $150 per month in terms of cheaper rent right there. So I was already .... I had to sell my car and take the bus around town before to generate this kind of difference to my budget, and create that kind of capital with which to invest. Now I ...


Scotland on a budget: Selfies and camping through the Alba
DigiNews
The adventure began during the first week of August when I nervously boarded the flight to Glasgow I had booked on a last minute whim 4 days before, with nothing but my gear, my Lonely Planet travel guide book and reservations for a rental car and ...


FOOD LINES FROM FRONT LINES TO
Insurance News Net
It used to be that she would see these families for a couple months after a crisis - such as a car breaking down or someone getting sick. ... They don't have enough money for food, electricity, medicine and rent, so one or two get compromised ...


The 9 Emotional Stages of Making an Investment Bag Purchase From ...
Bustle
... I went through when making an investment bag purchase. I have no regret whatsoever, but I still had to cycle through all these conversations with myself inside my head as I prepared to drop a month's rent on a bag. ... My budget-minded and ...

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.