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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Elmira Corning Regional Airprt
Additional Travel Information
The Budget Car Rental serving Elmira Corning Regional Airport (ELM) will have you exploring upstate New York in no time. This location is conveniently open seven days a week and is located right on airport property.
The Finger Lakes region, with its gently rolling hills and eleven long skinny lakes, boasts exceptional natural beauty and a laid-back vibe, perfect for a drive through the countryside in one of Budget’s quality airport car rentals.
Don’t forget to stop into Ithaca, home of Cornell University, younger students and older hippies alike. Known for its waterfalls, this is one of upstate New York’s most picturesque towns. You need only drive as far as downtown in your ELM car rental from Budget to check out Cascadilla Gorge, which culminates at Cornell’s Performing Arts Center.
For even more impressive natural beauty, head to Taughannock Falls State Park, just a short drive northwest of Ithaca. The main waterfall here measures 215 feet—that’s taller than Niagara Falls.
You’ll find great deals on Elmira Corning Regional Airport rental cars at Budget. And our huge fleet means you’re sure to find just the right vehicle for your trip. Whether you’re in town for the college-town vibe or the great views, our Elmira airport car rentals will get you around in comfort and in style. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Elmira Corning Regional Airprt, check out the latest Elmira Corning Regional Airprt Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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