March 11, 2002


MINI Canada offers ‘no downpayment’ terms for university graduates

Whitby, Ontario – MINI Financial Services has introduced a financial program designed to make it easier for young graduates to purchase or lease a new or pre-owned MINI. The program offers quick approval for individuals who have graduated from an accredited university or college with a minimum program term of 2 years.

MINI says a customer will be approved with no down payment and no guarantor required provided the following criteria are met:

  • Copy of Degree/Diploma or official transcripts (received within past 24 months) and;

  • Proof of sufficient income with present full time employment or,
  • Employment commitment (start date within 45 days) and;
  • Debt to income ratio not to exceed 40% and;
  • No derogatory credit history on credit bureau report.

“The MINI Graduate Program..caters to the specific needs and requirements of our younger MINI buyers by offering a financing program that is not dependant on a long credit history,” explained Gerry Notara, Product and Marketing Manager for MINI Financial Services.

MINI Financial Services is a division of BMW Financial Services Canada and is responsible for providing consumer leasing and financing solutions for the BMW Group of Subsidiaries.

MINI Canada (www.MINI.ca) is a division of BMW Group Canada. There are 15 MINI dealers in Canada. MINIs arrive in Canada on March 22nd.

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