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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
Trenton-Mercer Airport
Additional Travel Information
Trenton Mercer Airport Trenton, New Jersey, generally known as the site of Washingtons first Revolutionary War victory, is a wonderful place for sports fans and connoisseurs of art and history to visit. The Trenton Mercer Airport (TTN) serves the local area, and airport car rentals are available here through Budget Car Rental. Retrieve your bags and head to the main level of the terminal facility to pick up your TTN car rental. Drive to the Old Barracks Museum to witness the last standing British Army barracks in the United States and get a taste of what life was like during the Revolutionary War. Budget has a variety of high-occupancy Trenton airport car rentals with more than enough room to take your entire family to the Arm and Hammer Park to watch the New York Yankees minor league team, the Trenton Thunder, play baseball. Rent a convertible and travel across the Pennsylvania Bridge that spans the Delaware River and connects New Jersey with Pennsylvania, or visit the Trenton Battle Monument in the Five Points neighborhood that commemorates the continental armys first victory. No matter what you have planned for your vacation, Budget offers a complete line of Trenton airport car rentals for you to choose from. Inquire about our current rental car deals to save big when booking with Budget. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Trenton-Mercer Airport, check out the latest Trenton-Mercer Airport Car Rental Deals, and be confident that you are getting the best rental rates in New Jersey !
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