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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
Manhattan Eastside (Uptown)
Additional Travel Information
A trip to New York is an exciting adventure for the whole family. Budget Rent a Car Alan’s Garage can provide you with a rental car that will make your trip even more fun. New York City has lots to offer, from the bustle of Times Square to fascinating neighborhoods such as Greenwich Village, Little Italy and Chinatown. Some of the city’s best family attractions include the Museum of Natural History, the Central Park Zoo and the observation deck at the Empire State Building. You’ll find that it’s much easier to get to where you want to go if you have your own car while visiting the city. Budget Alan’s Garage is the place to go to find the perfect set of wheels for your trip.At Budget car rental Alan’s Garage, which is located on the Upper East Side on 87th Street at Lexington Avenue, you can choose among many late model vehicles. You may prefer a smaller car to save on gas. If you are bringing the whole family, however, a spacious luxury car or SUV might be more appropriate. We also offer hybrids, cargo vans and many other choices. Vehicles are equipped with a variety of comforts and safety features, such as anti-theft systems, cruise control, dual airbags and CD players. Budget Rent a Car at Alan’s Garage New York City has the vehicle that is ideal for your family trip. When you plan your trip to New York City, make sure you reserve a rental car with Budget Rent a Car at Alan’s Garage and tour the Big Apple in convenient comfort.
Additional Location Information
Select from a wide variety of vehicles at Budget Manhattan Eastside (Uptown), check out the latest Manhattan Eastside (Uptown) Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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