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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
Lehigh Valley Intl Airport
Additional Travel Information
For great deals on quality Allentown airport car rentals, choose Budget Car Rental. Budget has an excellent selection of vehicles, whether you need a zippy compact or a spacious minivan for the entire family. Plus, picking up your ABE car rental couldn’t be easier: all Lehigh Valley International Airport rental cars are available for booking right in the baggage claim area.
Allentown is one of three Pennsylvania cities that make up the Lehigh Valley. The city boasts an architectural heritage bound to impress any lover of design, including the Art Museum, which has a reconstructed room designed by Frank Lloyd Wright.
In summertime, the Dorney Park and Wildwater Kingdom—home to six world-class roller coasters—is a great place to cool off. Consider booking a roomy vehicle from Budget for family excursions like this one. Rest assured that we have a great selection of cars at Lehigh Valley International Airport, including spacious minivans.
Bear Creek Mountain Resort and Blue Mountain Ski Area are just a short drive from Allentown, and have excellent skiing and snowboarding trails. If you crave bigger adventure, the Poconos are just an hour’s drive north.
With Budget’s great deals on airport car rentals, you’ll be hitting the road in Allentown at a great price. Don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Lehigh Valley Intl Airport, check out the latest Lehigh Valley Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Pennsylvania !
Book a Car Rental at Lehigh Valley Intl Airport in 60 seconds!
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