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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
LaGuardia Airport
Additional Travel Information
Welcome to The Big Apple! Budget Car Rental at LaGuardia Airport (LGA) will meet all your LGA car rental needs, and get you to the city and beyond in a New York minute! Budget’s LGA counter is open 24 hours a day, 7 days a week, and our extensive fleet of New York City airport car rentals has something for whatever kind of trip you have planned.
There’s too much to see in New York City in a single trip, so you may find yourself planning your next stay before you’ve even left. In the meantime, start checking things off of your NYC must-do list: take in an incredible Broadway musical; stand atop the Empire State Building for a bird’s eye view of the city; have lunch in SoHo and dinner in the Meatpacking District; admire Greenwich Village’s iconic brownstones, and see what’s on at the Museum of Modern Art (MoMA).
New York City is not just about Manhattan anymore either. Drive one of Budget’s LaGuardia Airport rental cars out to Brooklyn and take a stroll through this eclectic cluster of mom-and-pop shops, art galleries and cafes. This is where the cool kids are—the ones making their mark as visual artists and actors. Lodging options are also cheaper outside of Manhattan, so you may want to choose a hotel or inn across one of the bridges.
Budget’s airport car rentals can help make an ordinary trip to New York City anything but, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget LaGuardia Airport, check out the latest LaGuardia Airport Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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