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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

Binghamton Regional Airport

Additional Travel Information

When you rent from Budget Car Rental at the Greater Binghamton Airport (BGM), you can rest assured that you’ll find the perfect set of wheels for traveling through upstate New York and Northeast Pennsylvania no matter what kind of trip you’re taking. Budget has an extensive selection of airport car rentals ranging from eco-friendly hybrids to SUVs to compact cars, and we’re open almost every day until midnight.

Once nicknamed Parlor City for all its “new money” mansions replete with well-furnished sitting rooms, Binghamton is still home to many of these manor houses today, and the Phelp Mansion and the Roberson Mansion are open to the public. It’s definitely worth a tour in your BGM car rental any time of year.

Summer’s the best time to be here, partly because of the Binghamton Metsz—folks here are really into their minor league baseball.

Greater Binghamton Airport rental cars are also perfect for a visit to the Binghamton Zoo at Ross Park—it’s one of the best in Upstate New York.

Budget’s fleet of Binghamton airport car rentals has just the vehicle to make your trip comfortable and enjoyable. Don’t forget to sign up for the Fastbreak program.

Additional Location Information

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

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