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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
Mount Sinai (Suffolk County)
Additional Travel Information
When your travel takes you to Suffolk County Mount Sinai and you need dependable transportation to get you around New York, we can take care of everything you need. With your choice of vehicle types available, we can give you a Mount Sinai rental car deal that includes a GPS to help you navigate the busy streets. In addition, many of our Mount Sinai car rentals come with e-Toll so you will not have to wait in line at toll booths. From our Budget Suffolk County location, you can drive to Mount Sinai Harbor and relax by watching the boats move in and out. You might consider a visit to Cedar Beech to experience the marine sanctuary and nature preserve that are located there. Your family may choose to simply relax on the shores of Long Island Sound or even take in some fishing. Of course, the shopping opportunities are endless in the city. To please the sports fans in the family, you could plug the locations into the car’s navigation device so you can attend a Yankees or Mets baseball game or go see the Giants or Jets play football. At Budget car rental Suffolk County, we will offer you the necessary services and products to make your trip a breeze. As soon as you book your rental car, you will be well on your way to providing your family a trip they will remember for years to come. Book your next car rental through Budget for the best car rental deal available. 

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