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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
White Plains Downtown
Additional Travel Information
When you want to take your family on an exciting trip, one of the best ways to prepare is with the right rental cars. Why rely on public transportation when you can have a personalized vehicle for when you need it? Budget Rent a Car Westchester Avenue has been actively providing travelers with the transportation they need to enjoy their time with their families. And the Budget Westchester Avenue offices are dedicated to offering the best car rental solutions. Choose from a wide selection of vehicles, from compact cars, full-size sedans and minivans. No matter how long your trip or where you want to go, Budget car rental Westchester Avenue will strive to find a vehicle to suit your needs. Once you leave the company’s branch at Westchester Avenue White Plains, the breathtaking New York City is yours to explore! Take the whole family out shopping on an exciting trip to the Westchester Mall, described as one of the best malls in the state. If you and your family feel like catching a movie later, take them to the City Centre 15 Movie Theatre to see what is playing. As soon as you get the vehicle you need from Budget’s location at Westchester Avenue, the possibilities become limitless. Call Budget as soon as you are in the area and ask about what White Plains rental car deals or book online at Budget.com and save up to 35 percent. When it comes to White Plains car rentals, few groups can provide the same quality vehicles and deals as Budget.
Additional Location Information
Select from a wide variety of vehicles at Budget White Plains Downtown, check out the latest White Plains Downtown Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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