First, enter how much you expect to spend.
Loans For Golf Carts
So you need a new golf cart but you are having trouble finding a loan? As you probably already know, dealer financing can be tricky. They usually only work with one or maybe two lenders and the requirements can be steep. If you have bad credit, you may feel shut out.
Luckily, we may be able to help you with ATV financing, not because we are lenders, but because we can get you access to a larger group of online lenders. More lenders means more chances of getting a yes from one of them. Ready to get your golf cart financing offer?
Get Your Cash Offer
What you are applying for is a cash loan to buy your golf cart. Cash has a lot of advantages, but more on that later. First, let’s talk about how to get your quote.
The first step is to estimate how much money you want to spend on your golf cart. A used golf cart can often be purchased for $2000 to $3000. If you want new, you are looking at a price of closer to $8000 to $10,000.
Once you enter your price, you need to enter some information about your income and, of course, contact information. Then, enter the information for the bank where you would want your money sent if you accept a loan.
When you are done, agree to the terms of service and submit your form. If approved, one lender from the group will then make you a loan offer. Should you choose to accept it, you could have money in your account as soon as the next business day.
Buying With Cash
Now, let’s talk about this cash thing. If you accept a loan, your lender will deposit money directly into your bank account. That makes you a cash buyer with a lot of benefits.
The best benefit is that you can shop for the exact cart that you want. You are not stuck with one dealer and their limited inventory.
Another plus is that you can price shop and haggle. If you have dealer financing, especially with bad credit, you are stuck and they know it. That leaves them little incentive to negotiate price with you.
Finally, cash gives you the ability to shop the used market. Get a lightly used model and save thousands of dollars. Use the extra money to buy some golf clubs or something else that you have been wanting.
Should You Finance?
If you received an offer, you are probably very excited. Now is not the time to rush however. Take the time to think about your decision, because a loan is a serious matter. Consider the following questions.
Can You Afford To Make The Payment?
You can not assume that things will just work themselves out. Fit the payment into your monthly budget and make sure that you have sufficient money each month to pay it and your other bills. If not, you will have to make some budget changes or pass on the loan.
Is The Cost Of Financing Reasonable?
The cost of financing will be the total cost of your loan after you make all the payments and pay all the loan fees. Just how much of a cost are you willing to pay to get your golf cart now? Make sure that you are comfortable with your loan cost before you commit.
Do You Really Need That Golf Cart?
If you have bad credit, your loan could prove to be a costly one. Before you commit, make sure that you really want that golf cart. Compare the cost of the financing to the amount of time that you will realistically use your new cart. The last thing that you would want is a costly loan on something that sits in the garage.
