Helpful Tips for Financing a Golf Cart

There are many reasons to need a golf cart. You might be a resort owner, small-town neighbor, or a frequent golfer. No matter the reason, it can be beneficial to know how to finance your purchase. Our team at Van Wert Carts is here to help you navigate the buying process.

1. Set a Budget

The most important step as you plan your purchase is to set a realistic budget that you can stick to. You can utilize online estimators that will consider your down payment, credit, and monthly loan payments. Allow yourself to be realistic with your situation and take the time to research the type of golf carts you’re interested in so you aren’t shocked by the price tags when it comes time to visit the dealership.

As you set your budget, remember you will also need to account for insurance costs, additional accessories, and any storage fees you may need to cover.

2. Start Saving

After you’ve evaluated your budget and planned for additional expenses, it’s a good idea to begin setting money aside for your purchase! Having a decent down payment will help you reduce loan payments and interest rates.

3. Find the Right Insurance Company

Some dealerships will be able to recommend insurance companies, but it’s a smart idea to do your own research prior to the day of purchase. Research your state’s requirements and speak with your dealer to determine their insurance policy; many locations will require your cart to be insured before finalizing the finance plan.

Determine what your specific coverage needs will be and don’t hesitate to ask us for any advice!

The golf cart buying process can be very exciting and it’s important to know your financing options. Our team would be happy to discuss your options. We are located in Van Wert, OH, and proudly serve the Fort Wayne and Decatur, IN, areas.