Golf Cart Financing Apply for a loan without any hassle

Golf Cart Financing: Apply for a Loan Without Any Hassle

Are you interested in golf cart financing rather than purchasing a golf cart outright? You may finance your new vehicle in a variety of ways.

You’ll want to be aware of your selections because some might leave you with a terrible taste in your mouth. And, if you’re not careful, you might end up spending far more on loan costs than the golf cart is worth.

Here are a few alternative methods to acquire golf cart financing to make your journey even more enjoyable.

1. Banks and financial institutions


Loan with collateral: Your local banks and credit unions will make you a loan with your golf cart as collateral. Many lending firms claim to make loans for as little as $1,000 with interest rates as low as 4.5 percent.

For this, you’ll need at least a 660 credit score. If you choose the used golf cart route, make sure you read our used golf cart checklist.

Loan with no collateral- If you don’t want to utilize your golf cart as collateral, you’ll have to settle for a personal loan or an unsecured loan, which may have a higher interest rate: up to 13 percent

2. Cards de crédit


If you already have a credit card with a sufficient amount, you may use it to pay for your new vehicle. You should ensure that you can handle the new monthly payment with the interest rate on your credit card.

This will make it easy to obtain the golf cart and prevent you from experiencing the buyer’s regret.

3. Dealerships and OEM Financing for Golf Carts

Financing will be available from all leading golf cart manufacturers and dealerships. Do some comparison shopping to obtain the most fantastic interest rate for your credit score.

You should also look at their service department and location to ensure that you would be delighted to use them if your golf cart needed repairs. Also, familiarize yourself with the golf cart maintenance and troubleshooting checklist.

Look for year-end interest rate deals as well when they’re attempting to unload a lot of older models to make place for newer ones.

Examine the small print on these contracts. There are frequently upfront costs for financing, so look at the APR to discover the actual interest rate you’ll end up paying over the life of the loan.

4. Loans for Bad Credit

If your credit is less than fantastic and you need financing, you can buy here and pay here businesses or creditors who specialize in the adverse credit industry.

Just be aware that you will most likely pay a higher interest rate as a result. But don’t worry. Concentrate on paying off the debt as fast as possible.

If they cannot assist you, you should concentrate on improving your credit score. If you can pay off your debt, work on making consistent payments.

Also, review your credit reports to see if there are any errors. Many financial companies make mistakes on your report, and by contesting specific items, you might get them deleted.

5. Plans for Loan Repayment Insurance and Protection

Once you’ve secured finance, you should consider loan repayment insurance. For a nominal price, you may be sure that if something goes wrong with your employment, they will cover your payments in whole or in part until you can get back on track.

To summarize, while evaluating your alternatives for financing a golf cart, focus on selecting the financing most suited to your needs and paying great attention to the tiny print.

How Much Does a Golf Cart Cost?


Depending on where you buy the golf cart, they might cost anywhere between $7,000 and $9,000. You may always go the used route if you think that’s a little much for a golf cart.

Used golf carts may be obtained for as low as $2,000/$3,000, which is, in my view, the best way to go when purchasing a golf cart. If you want something a little more upmarket, some specialized golf cart companies can create one-of-a-kind designs for as much as $20,000!

In further detail below, I go through the costs of new, secondhand, and custom-designed golf carts. Examine it out!

Prices for New Golf Carts

Based on the average retail pricing collected by, you could expect to pay roughly $9,000 for a brand new golf cart if you visit a reputable golf cart dealer.

The great thing about new golf carts is that the pricing can vary based on your unique goals and needs.

If you don’t need your golf cart to have all the bells and whistles, you may pay as little as a couple of thousand dollars for the standard model. Of course, if you want to customize your new golf cart, you may wind up costing between $15,000 and $20,000.

It may be worthwhile to purchase a new cart if it comes with a guarantee, there have been no past difficulties with that cart, and you have the opportunity to modify through the dealer or manufacturer.

The benefits of buying new: New carts are in excellent shape and frequently with a limited warranty. It may also be easier to finance and discover better rates when acquiring a new golf cart.

The cons of buying new: The only true disadvantage of purchasing a new golf cart is that, like any new vehicle, it loses the bulk of its value as soon as you drive it off the lot.

Also Read: golf cart financing bad credit

How Much Are Used Golf Carts?

On average, used golf carts cost between $5,000 and $6,000. The good thing about looking for a used golf cart is that they are widely available.

Several secondhand golf carts are available because golf facilities must update their golf cart fleets every few years. This might result in a large number of barely used golf carts.

This is arguably one of the best golf cart alternatives available. Used carts are substantially less expensive than new carts, and most of the carts run on batteries.

Because you don’t have to worry about an engine, filling it with gas, or changing the oil, it’s easier to replace parts on older carts, and it’s also less expensive to maintain.

Companies like Charleston Custom Carts do a great job of transforming old golf carts into stunning vehicles for a fraction of the cost of a new golf cart.

The benefits of buying used golf carts: Used carts are substantially less expensive than new carts and may be easily improved. You could even strike gold and find a secondhand cart with enhancements already installed from the prior owner.


When buying secondhand, unexpected problems may occur depending on the age of the golf cart or how the previous owner treated the vehicle.

Popular Golf Cart Brands to Consider Purchasing

With new golf cart businesses popping up all the time, three leading companies have been producing golf carts that have endured the test of time.

Golf cart manufacturers like EZGO, Club Car, and Yamaha have been around for a long time, but how do you decide which one to buy? I’ve broken down the costs for each of these well-known golf cart brands below.