Budget Rent a Car

Budget Rent a Car was founded in 1958 by Morris Mirkin in Los Angeles, California. The brand was established with a focus on providing high-quality vehicle rentals at a lower price point than competitors, living up to its name by targeting the 'budget-minded' traveler. Since its inception, the brand has expanded globally and is now one of the most recognized names in the travel industry.

Over the decades, ownership of Budget shifted through several major corporations. In 2002, the brand was acquired by Cendant Corporation, which later spun off its car rental operations. Today, Budget is a key subsidiary of the Avis Budget Group, which manages a global network of thousands of locations. While the brand originated in the United States, it operates through a mix of corporate-owned and franchised locations in nearly every major international market.

In terms of manufacturing, Budget does not manufacture its own vehicles; instead, it maintains a diverse fleet sourced from major global automotive manufacturers. These vehicles are produced in multiple countries depending on the specific model and region of operation. The brand continues to be headquartered in Parsippany, New Jersey, under the stewardship of its parent company.