The Budget name is a very popular one in the world of car rentals today. The Budget car rental name has been around since 1958 when it was founded in Los Angeles, California by Morris Mirkin. Today, however, the Budget car rental headquarters is actually located in Parsippany Troy Hills Township, New Jersey, a long ways away from where it got its start. Although the company may have moved a few times and changed hands even more, it has always offered customers the best car rentals at the best prices.

Although Budget may be a “big” name in car rentals today, it was not always. In fact, Budget started off with an original fleet of only 10 cars. However, it was able to live up to its Budget name by being able to undercut the normal daily and per mile rental rates offered by a lot of airport based car rental companies, which use to overcharge a lot because they were located right in the airport..

It was not until 1959 that Morris was joined by Julius Lederer, and it was still another year before Budget moved its headquarters to Chicago, Illinois. It was there that the Budget car rental company expanded and started to grow more to the size that we know today.

Of course, the company would not stay with Morris forever. Soon the company was acquired by Transamerica Corporation and then resold in 1986 in a leveraged buyout by Gibbson, Green and van Amerongen Ltd. After this, the Budget car rental company was taken public in 1987, but later it was once again bought by another group called Team Rental Group in 1997. This is when Budget became known as Budget Group.

In 2002, the company was sold once again to Cendant Corporation, which is also the same company that owns Avis. This is how the company became known as Avis Budget Group.

Although the company itself has switched hands many times, there is one thing that has never changed about the company, and that is their mission. The mission of Budget is to deliver a top of the line, quality product and to do it with friendly service and at a great value. Budget wants all of their customers to know that they have made a great choice whenever they choose Budget for all of their car rental needs.

Today Budget is a company that can be found all over the world and for many good reasons. This is a company that does offer top of the line car rentals at a price that people can afford. Although the past history of the company jumps around a lot, one thing that does not is their service. When the company first opened up back in 1958 it was known for its quality just like it still is today.

Customers can rest assured that wherever they go they can have their car needs meet by Budget. With so many car rental companies out there, it’s nice for people to be able to rely on a name that has been around for a long time, and for many people, Budget is that name.