What was the amount of finance leases for Budget's international operations as of December 31, 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
e in compliance with the financial covenants governing our indebtedness.
14. Debt Under Vehicle Programs and Borrowing Arrangements
Debt under vehicle programs, including related party debt due to Avis Budget Rental Car Funding (AESOP) LLC ("Avis Budget Rental Car Funding"), consisted of: As of December 31,
| 2024 | 2023 | |
|---|---|---|
| (9) | S 14,14 | 3 $ 15,502 |
| Americas – Debt d |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the amount of finance leases for Budget's international operations as of December 31, 2023, was $172. This figure represents the vehicle finance lease liabilities for international operations.
This information is relevant for prospective Budget franchisees as it provides insight into the company's financial obligations related to vehicle financing in its international operations. Understanding the scale of these lease liabilities can help franchisees assess the financial health and stability of Budget's international business, which may indirectly affect the brand's overall performance and reputation.
It's important to note that this figure only reflects the vehicle finance lease liabilities and does not include other forms of debt or operational expenses. Franchisees should consider this information in conjunction with other financial data provided in the FDD to gain a comprehensive understanding of Budget's financial position.