Budget Rent-A-Car Corporate Office AddressAvis Budget Car Rental LLC
6 Sylvan Way
Parsippany, NJ 07054
Contact Budget Rent-A-CarPhone Number: (973) 496-4700
Fax Number: (973) 496-5852
Email: Email Budget Rent-A-Car
ExecutivesCEO: Ronald L. Nelson
CFO: David B. Wyshner
COO: Thomas M. Gartland
Budget Rent-A-Car History
Budget Rent A Car was founded in Los Angeles, California in 1958 by Morris Mirkin. The original fleet consisted of 10 vehicles. The company got the name budget by undercutting competitors rates.
In 1960, the company headquarters moved to Chicago, Illinois and the company began to expand through franchising.
In 1986, the company was purchased in a leveraged buyout by Gibbons, Green and van Amerongen. The company went public in 1987.
In 1997, Budget was purchased by Team Rental Group, its largest franchisee and the stock was listed on the NYSE. The company was renamed to Budget Group.
In 2002, the company was purchased by the Cendant Corporation, who owned Avis. In 2006, the company separated into four division and Budget became the Avis Budget Group.
Today, there are over 3,000 Budget Rent A Car locations in 120 countries worldwide.