Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget’s operations are headquartered in Parsippany-Troy Hills, New Jersey.
With its original fleet of 10 cars, the company lived up to the ‘Budget’ name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer (husband of columnist Ann Landers) who built the company, and made it an international company. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets.
Of the approximately 800 Budget Rental Car locations in the U.S., 600 are company-operated locations and 200 are licensee locations. Internationally, there are 150 company-operated locations and 1,800 licensees.
Car rentals can cause a lot of headaches, but Alamo alleviates many of the pain points. The ease of the return process in particular earned kudos from consumers, according to J.D. Power’s 2016 ranking. Alamo performs well among cost-conscious younger travelers, says J.D. Power’s Richard Garlick. Prices for a budget or compact car run about $42 a day, 7% less than average. The company is an especially good choice if you’re planning to share the driving with friends: Alamo charges $12 a day for a second driver, less than most of its rivals.