![]() Internationally, there are 150 company-operated locations and 1,800 licensees, making Budget a convenient choice for travelers around the world.īudget Rent a Car is committed to providing customers with affordable, reliable, and convenient car rental services. ![]() In 2006, Cendant, then composed solely of its vehicle rental services businesses, renamed itself Avis Budget Group.īudget has a significant global presence with approximately 800 rental car locations in the U.S., of which 600 are company-operated and 200 are licensee locations. In 2002, the company's assets were sold to Cendant Corporation, which also owned Avis. In 1997, Team Rental Group purchased Budget and adopted its name. It was first acquired by Transamerica Corporation, then sold in a leveraged buyout in 1986. Over the years, Budget underwent several ownership changes. The company's headquarters moved to Chicago, Illinois in 1960, and the rental fleet expanded through a mix of franchised and wholly owned outlets. In 1959, Julius Lederer joined the company, contributing significantly to its growth and international expansion. Starting with a humble fleet of 10 cars, Budget lived up to its name by offering competitive daily and per-mile rental rates. ![]() Today, Budget operates as a subsidiary of the Avis Budget Group, with its main operations based in Parsippany-Troy Hills, New Jersey. Founded by Morris Mirkin, Budget has since grown into a global brand, known for its affordable and reliable car rental services. Discover more about the Car Rental Company Budget in Mexico city Mexicoīudget Rent a Car, a renowned American car rental company, was established in 1958 in Los Angeles, California.
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