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Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group , with its operations headquartered in Parsippany , New Jersey.
Avis Budget Group, Inc. is American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental and Zipcar.
Avis Car Rental, LLC is an American car rental company headquartered in Parsippany, New Jersey. Along with Budget Rent a Car, Budget Truck Rental and Zipcar, Avis is a unit of Avis Budget Group. Avis Budget Group operates the Avis brand in North America, South America, Europe, India, Australia, New Zealand, and South Africa.
In 1958, he opened the first Budget Rent-a-Car office at Wilshire and Robertson boulevards in Los Angeles. In 1960, he was joined by Jules Lederer and they incorporated the company as Budget Rent-a-Car Corporation. In 1968, they sold Budget to Transamerica Corporation.
Alamo Rent A Car – Car rental brand that typically caters to budget-conscious leisure travelers. National Car Rental – Car rental brand that typically caters to business travelers. Enterprise Truck Rental – Consumer moving truck rentals and commercial vehicle rentals.
Career. In the 1950s, Lederer was president of the Autopoint Company in Chicago, Illinois and in 1960, he joined Morris Mirkin, who founded Budget Rent a Car company in 1958. The pair incorporated as Budget Rent a Car Corporation in 1960. Budget Rent a Car is now a unit of Avis Budget Group.
Most car rental offices offer a range of vehicle sizes to suit a variety of budgets and space requirements and some additionally offer specialized vehicles to suit its location such as convertibles, prestige models, hybrid/electric vehicles, or SUVs and passenger vans.
Payless Car Rental, Payless Car Sales, Payless Parking and REZlink International are sister companies under the umbrella of Avalon Global Group. The Payless brand operates in North America, South America, and Europe. The company has 167 locations worldwide. Payless was acquired by Avis Budget Group in 2013.
Enterprise Rent-A-Car is an American car rental agency headquartered in Clayton, Missouri, in Greater St. Louis. Enterprise is the flagship brand of Enterprise Holdings, which also owns other agencies including Alamo Rent a Car and National Car Rental.
In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and travel.