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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. [2] Budget is a subsidiary of the Avis Budget Group , with its operations headquartered in Parsippany , New Jersey.
In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10] On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13]
The company was founded in 1946 with three cars at Willow Run Airport, [10] Ypsilanti, Michigan, by Warren Avis (August 4, 1915 – April 24, 2007). [8] It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953.
As TopSpeed noted, there are plenty of budget-friendly, high-performance cars available to those willing to take a chance on a 5- to 20-year-old model, like a 2002 Chevy Corvette C5 ($21,000), a ...
Payless Car Rental, Payless Car Sales, Payless Parking and REZlink International are sister companies under the umbrella of Avalon Global Group. [1] The Payless brand operates in North America, South America, and Europe. The company has 167 locations worldwide. [2] Payless was acquired by Avis Budget Group in 2013. [3]
On March 14, 2013, Avis Budget Group acquired Zipcar for approximately US$500 million. [6] Scott Griffith, who had run the company for the previous decade, resigned the day after the acquisition closed and passed the reins to a new company president, Mark Norman. [7] In early 2014, Kaye Ceille took over as Zipcar's North American president.
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