Tips On Financing Your Golf Cart

Golfers need golf carts. That’s just a fact. A golf cart will make your game much more enjoyable because it provides you with the fast and simple transportation you need to get across the course. Maybe you’ve got one and you’re thinking about upgrading. Either way, golf carts are not an inexpensive thing to buy and you may benefit from obtaining some financing in order to make your purchase.

Revel 42 of Wilmington is your North Carolina golf cart dealer. Here are our top tips on how you can finance your golf cart purchase.

1. Make a Budget

You need to make sure that you have enough money available to pay off your golf cart over time, so it’s good to begin the golf cart financing process by making a budget. Use financial calculators to determine how much money you can afford to pay to a loan each month. Look up prices online to get a ballpark figure on how much a golf cart will cost overall so you can break it down monthly.

Don’t forget that you’ll also have to have enough money to purchase insurance, accessories and potentially storage rental in addition to buying the cart itself. You can always look into purchasing a used golf cart instead of a new one to help you save more money.

2. Save Up a Down Payment

Most loans will require you to pay 10 to 20% of the purchase price upfront. Even if they don’t, it’s still good to pay as much of the cost upfront as you can so that you can pay less on interest later. You’ll need to save up this amount so you have it ready to present at the dealership.

3. Check Your Credit Score

One of the ways that lenders determine whether or not they’re willing to give you a loan is by looking at your credit score. If yours is less than stellar, you may want to take some time paying off credit cards and raising your score however you can to present yourself as fiscally responsible.

4. Find Insurance

Remember how we just mentioned setting some money aside for insurance? Many lenders will require you to have an insurance package on your golf cart before they’ll finance it. Look at your options and determine the right amount of coverage for your needs.

Revel 42 - Wilmington provides some helpful golf cart financing options at our dealership. You can either get in touch with us online or drop by to chat with us in person and get assistance with financing your golf cart purchase. When you’re ready to shop, visit our dealership location in Wilmington, NC, to take a look at our full selection of new and used golf carts for sale. Revel 42 - Wilmington proudly serves Leland and Carolina Beach, NC.