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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]
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 ...
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A 120,000 sq ft (11,000 m 2) $310 million rental car center opened on September 24, 2013, consolidating all rental car companies into one shared building. Alamo , Avis , Budget , Dollar , Enterprise , Hertz , National , Payless , Sixt , Thrifty , and Zipcar rental car companies currently operate out of facility, which has 3,200 parking spaces ...
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