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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
Islip Mcarthur Airport
Additional Travel Information
You can avoid the enormous amount of traffic that goes through New York City’s two main airports by flying into the Islip McArthur Airport (ISP) in Long Island. Unlike LaGuardia or JFK, this airport is smaller in size and does not cater to as many airlines, so there are fewer crowds. The Budget Car Rental counter is located right on the airport grounds, so picking up your ISP car rental is easy.
Budget’s selection of Islip airport car rentals has something for every kind of traveler and every kind of trip, which means you’ll be on your way into the city in a car you love in no time.
If you plan on commuting through downtown Manhattan, a compact vehicle from Budget’s line of Islip McArthur Airport rental cars will make driving to Times Square and finding parking in the busy streets easier. If you’re traveling with young children or other family members, choose a minivan or SUV from Budget’s fleet of airport car rentals and head out to Coney Island, where you can enjoy amusement rides, play carnival games and savor a Nathan’s Famous Hot Dog with an ice-cold lemonade.
Whether you choose a compact or midsize for easier Manhattan driving, a luxury ride for arriving in style or a convertible for summer fun at the shore, choose Budget for the best deals on any of them. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Islip Mcarthur Airport, check out the latest Islip Mcarthur Airport Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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