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In 1960, the company headquarters moved to Chicago, Illinois and the company began to expand through franchising.
In 1986, the company was purchased in a leveraged buyout by Gibbons, Green and van Amerongen. In 1997, Budget was purchased by Team Rental Group, its largest franchisee and the stock was listed on the NYSE. In 2002, the company was purchased by the Cendant Corporation, who owned Avis.
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Budget Rent A Car was founded in Los Angeles, California in 1958 by Morris Mirkin. The company got the name budget by undercutting competitors rates.
Reply I rented a car from Budget with a confirmed price of 80.43 but was charged 68.35.
I contacted Budget Customer Service and left a message for the manager on duty (who never returned my call).