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This particular program is applicable for international students studying in Canada. These students must be currently enrolled in an accredited University, College or CEGEP program in Canada.
Enter the following:
Enter the amount of funds that will be shown as deposited monthly into their bank account, which will be verified via bank statements.
We will be looking for a reasonable bank balance and will assess each situation on a case by case bases.
The program stipulates we need the applicant’s parents’ name, address, phone number and email address.
The program requires a security deposit of 5% of MSRP and if the applicant’s student visa expires before the end of the lease, [i.e. 30 months remaining on student visa, 36-month lease] the student is also required to pay an additional security deposit for each month that exceeds the remaining term of the student visa, to a maximum of 12 months.
Security deposit returns will be handled in the same manner as our standard lease program. Students need to keep GMF apprised of any and all address changes.
Standard program parameters apply.
No. The required down payment and security deposit must come from student lessee. Taxes are in addition to the down payment requirement, as is standard with leasing.