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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.

… more

About this location:

Location

Burlington Airport

Additional Travel Information

Enjoy everything the Green Mountain State has to offer in the comfort of a quality vehicle from Budget Car Rental. The Budget location serving the Burlington International Airport (BTV) is open seven days a week, and our friendly and helpful staff are happy to help you select just the right BTV car rental for your trip from our extensive line of Burlington International Airport rental cars. Whatever you’re looking for in airport car rentals, whether it’s a minivan for the whole family, an SUV for packing ski and snowboarding gear, or a convertible for cruising with the top down in the summer months, Budget has you covered.

Downtown Burlington is a mere 11-minute drive from the airport, and this tiny university town should be a mandatory stop on any Vermont adventure. The waits at the charming Penny Cluse Cafe can be long, but they’re well worth the wealth of tasty treats on offer, including pancakes, breakfast burritos, and fish tacos.

If you’re here for the skiing, there’s no shortage of slopes. Killington Resort, affectionately referred to as the “Beast of the East,” is one of the state’s most popular destinations. Less than two hours away in one of Budget’s Burlington airport car rentals, this resort has everything from bunny hills to triple black diamond hills.

Whether you’re here to hit the books or the slopes, you can rely on Budget to get you where you need to go safely and comfortably. Don’t forget to sign up for the Fastbreak program.

Additional Location Information

Select from a wide variety of vehicles at Budget Burlington Airport, check out the latest Burlington Airport Car Rental Deals, and be confident that you are getting the best rental rates in Vermont !
Book a Car Rental at Burlington Airport in 60 seconds!

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