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Chevrolet Express wagon from Budget Rent-A-Car (Toronto) 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. [3]
Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental, [3] Budget Rent a Car, [4] Budget Truck Rental, Payless Car Rental and Zipcar. [5]
Biography. Mirkin was born to a Jewish family [1] in Sioux City, Iowa, the son of immigrants from Russia. [2] Mirkin served in the U.S. Air Force during World War II. [2] 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 ...
Avis logo used from 1964 until December 2012. A Dodge Grand Caravan from Avis. Toyota Coaster from Avis. Avis Car Rental, LLC is an American car rental company headquartered in Parsippany, New Jersey. [3] Along with Budget Rent a Car, Budget Truck Rental and Zipcar, Avis is a unit of Avis Budget Group. [4]
In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and travel.
Henry R. Silverman (born August 1, 1940) is an American entrepreneur and private equity investor. Silverman is best known for his role in building Cendant Corporation into a multibillion-dollar business services company that provided car rentals, travel reservation services as well as real estate brokerage services and was also the largest franchisor of hotels globally.
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