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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]
Rental car services are provided by Hertz Rent A Car, Enterprise Rent-A-Car, Avis Car Rental, National Car Rental, and Budget Rent a Car. Various taxi and limousine services are available to passengers as well. [29]
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In 1958, he opened the first Budget Rent-a-Car office at Wilshire and Robertson boulevards in Los Angeles. [2] In 1960, he was joined by Jules Lederer and they incorporated the company as Budget Rent-a-Car Corporation. [3] In 1968, they sold Budget to Transamerica Corporation. [2]
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