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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:


Yellowstone Regional Airport

Additional Travel Information

Welcome to the Wild West! Cody is not only named after William ‘Buffalo Bill’ Cody, but it was partially created by the colorful showman in 1895 and still revels in its frontier image today. You don’t have to drive a pick-up to fit in here, but getting into the spirit of things is easier when you have a comfortable ride to get around town in. The Budget Car Rental serving Yellowstone Regional Airport (COD) is conveniently located on-site, so you can select the perfect COD car rental for your Wyoming holiday from our fleet of Yellowstone Regional Airport rental cars and be on your way in no time. Picking up airport car rentals could hardly be easier.

One of the most colorful characters of the old Wild West, Buffalo Bill was a bison hunter and legendary showman. You can still stay at the Irma Hotel, built by Bill in 1902, and stay in one of the historic rooms that played host to such personalities as Annie Oakley and Calamity Jane. Be sure to bring the whole family also to the Buffalo Bill Center of the West, where all kinds of American West art and artifacts are on display.

Try the Silver Dollar Bar for the best burgers in town, before heading out to Yellowstone National Park, 52 miles east of Cody. Yellowstone is believed to be the world’s oldest national park, and is home to Old Faithful, one of the most predictable geographical features on earth, erupting every 91 minutes.

When it comes to Cody airport car rentals, rely on Budget for the best selection, excellent customer service and great rental car deals. And don’t forget to sign up for the Fastbreak program.

Additional Location Information

Select from a wide variety of vehicles at Budget Yellowstone Regional Airport, check out the latest Yellowstone Regional Airport Car Rental Deals, and be confident that you are getting the best rental rates in Wyoming !
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