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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
Mount Laurel, NJ Wyndham Hotel
Additional Travel Information
No matter what your family destination, Budget Rent a Car NJ Wyndham Hotel is guaranteed to help you find the personal rental experience you are looking for. Few people want to spend a family trip taking public transportation. Renting the ideal vehicle will result in more personal time for you and your family to enjoy. Visiting Budget car rental NJ Wyndham Hotel means having your pick of vehicles. Whether you are planning to visit Budget NJ Wyndham Hotel during the winter or summer, you can choose a seasonal vehicle to drive. When you leave NJ Wyndham Hotel Mount Laurel after choosing from their wide selection of rental cars, a world of possibilities awaits you. No matter what your plans for the area are, the Funplex should be on your itinerary. This party destination is the number one in the region, rivaling others in New Jersey. Kids will love the variety of activities that they can enjoy, and parents will love the prices and cafes. Plan a party here and take part in all of the features that the party center has to offer! If you want to spend some quieter time with your close ones, visit one of the many local parks, such as Laurel Acres, and plan a relaxing afternoon among the trees. Visiting the company’s NJ Wyndham Hotel location will guarantee that the details of your trip are defined on your terms. Budget always strives to provide all customers with the most satisfactory rental experience possible. Call Budget as soon as you arrive and see what incredible Mount Laurel car rentals you can find or book online at Budget.com and save up to 35 percent
Additional Location Information
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