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In November 2002 Budget sold its truck and car businesses to Cherokee Acquisition Corporation, which is owned by Cendant Corporation. [5] In September 2006 Budget Rent a Car, Avis Rent a Car, and Budget Truck Rental were spun off by Cendant as a separate company, Avis Budget Group. In 2007, its headquarters was transferred to Morris County, New ...
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]
One-way carsharing is a type of carsharing that enables users to begin and end their trip at different locations. The pick-up and drop-off locations can be either restricted to traditional rental stations, or can be anywhere within an operational area in what is called free-floating carsharing. [1]
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In the sharing economy, transfer cars, relocation cars, or driveaways are rental cars that need to be transferred back to their original branch after a one-way rental. [1] [2] Rental car companies have traditionally used truck and train transporters to re-position their fleet until this model was disrupted by websites which let travelers book those transfer cars for free or for a very small ...
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