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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
Buffalo
Additional Travel Information
When you are planning a family trip and need a Buffalo rental car deal, Budget’s Main Street Buffalo location has exactly what you need. Whether your choice is a convertible for viewing the scenery or a van for the entire family, you can get to your destination in style. Many of our rental cars are equipped with e-Toll to help you avoid the hassle of stopping at toll booths. With a GPS-equipped vehicle, you won’t have to worry about getting lost. Instead, your New York vacation will produce pleasant memories of family fun. From our location on on Main Street, we can get you on your way to hear the roar of Niagara Falls or experience the calm shores of Lake Erie. Enjoy the excitement of a major sporting event by driving from Budget Main Street to Ralph Wilson Stadium to watch the Bills play football. You may also want to catch the Sabres in action during a hockey game at First Niagara Center. With one of our well-known car rentals, your family travel will not be restricted to the availability of public transportation. You will be able to visit places like the Albright-Knox Art Gallery on your own schedule. Visit Shea’s Performing Arts Center or go see the Buffalo Philharmonic Orchestra for some family-friendly live entertainment. When you need confidence that your trip will live up to the family’s expectations, Budget car rental on Main Street is your answer to worry-free transportation. You can even book your car rental online at Budget.com and save up to 35 percent on your rental. 

Additional Location Information
Select from a wide variety of vehicles at Budget Buffalo, check out the latest Buffalo Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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