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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
Albany International Airport
Additional Travel Information
The Budget Car Rental at Albany International Airport (ALB) will have you touring around New York’s state capital in no time. The convenience and selection you’ll find here is unparalleled, and the Budget counter is open until 12 am daily. That means you can hop into the perfect ALB car rental and start exploring Albany as soon as you land.
Albany is a midsized government and banking hub, and you’ll often find more people here for business trips than for leisure, but that doesn’t mean the city doesn’t have activity and fun to offer.
See all of Albany’s sights in one of Budget’s airport car rentals, including the New York State Capitol, which took 30 years to build. Also visit the Empire State Plaza, one of America’s most ambitious urban renewal projects. A complex of government buildings in the downtown core, it cost $2 billion to build, and features a performing arts center and impressive views of the Hudson Valley from the 42nd floor.
For more intimate accommodations, you’ll find the Morgan State House Inn a reprieve from some of the larger hotel chains. Visit North Pearl Street, one of Albany’s most happening strips, for dinner and dancing late into the evening.
Albany airport car rentals from Budget come in a variety of styles. Opt for a sedan or sportier coupe if you’re traveling with a partner or on your own. Traveling with family? We have a great selection of SUVs, minivans and other high-occupancy vehicles as well.
Budget’s fleet of Albany International Airport rental cars help make an ordinary trip extraordinary, especially if you sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Albany International Airport, check out the latest Albany International Airport Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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