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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
Ithaca Tompkins Regional Apo
Additional Travel Information
No American town pairs a fun college town atmosphere with spectacular natural wonders like Ithaca, New York.
This city, named after the Greek island of Ithaca, is a prominent educational center in central New York—the area is home to Cornell University, Ithaca College and Tompkins Cortland Community College. Whether you’re a student or just visiting, Budget Car Rental has the vehicle for you when you land at Ithaca Tompkins Regional Airport (ITH).
Picking up your ITH car rental is a piece of cake—Budget’s Ithaca airport car rentals are available right on the premises. Rent a truck or 4×4 and explore the nature and wildlife in and around Cayuga Lake, like the Hemlock Gorge and Ithaca Falls. Stop by the Moosewood restaurant for a taste of their famous vegetarian cuisine, or tap into your spirituality with a trip to the Namgyal Monastery to see the North American seat of the 14th Dalai Lama, Tenzin Gyatso. Before you leave Ithaca, head downtown to the Commons, where folks can purchase souvenirs, gifts and other items, and don’t forget to stop to admire the city’s stunning waterfalls along the way. Whatever you have planned for your stay here, one of Budget’s airport car rentals will get you there in comfort and in style. And don’t forget to sign up for the Fastbreak program.
Whether you go with compacts, convertibles, SUVs or luxury Ithaca Tompkins Regional Airport rental cars, you’ll find the best deals at Budget.
Additional Location Information
Select from a wide variety of vehicles at Budget Ithaca Tompkins Regional Apo, check out the latest Ithaca Tompkins Regional Apo Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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