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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
Storms Ford Lincoln Mercury
Additional Travel Information
A family trip can be a great way to explore a new city and enjoy its many sights and sounds. Without the right transportation, however, many people may miss more relaxing and enjoyable opportunities. Budget Rent a Car Storms Ford Lincoln Mercury always offers families unique packages on their car rentals, providing them with the peace of mind they need to enjoy a relaxing day in Southampton, New York. Budget Storms Ford Lincoln Mercury has a unique selection of affordable vehicles, all equipped with necessary systems and settings that can make driving through the city even more enjoyable. When you find the right vehicle with Budget car rental Storms Ford Lincoln Mercury, you can take advantage of your rental cars to visit any variety of attractions with your family. Cooper’s Beach is one of the top recommended destinations, a warm and sunny beach that features gorgeous vistas all year round. For an educational trip with your children, you can always visit the city’s Historical Museum and learn about how the region developed over the years. Storms Ford Lincoln Mercury Southampton provides a variety of Budget rental vehicles. If you are not able to make it to Storms Ford Lincoln Mercury, all that you have to do is contact Budget, and they will dispatch a driver to your location. This group provides unrivaled Southampton car rentals, all available at incredible prices for family trips and vacations. If you are planning on an exciting trip through the city, be sure to call the professionals and ask about their Southampton rental car deal to see what type of selection awaits you. 

Additional Location Information
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