Tips on Financing a Golf Cart

Financing a new vehicle can be a complicated process. However, we here at Richmond Equipment want to make golf cart financing a quick and easy process. To help you get your hands on your new model fast, we’ve written up some helpful financing tips and advice in the article below.

Compare Offers

When applying for golf cart financing, we strongly recommend submitting multiple applications with different financing institutions. You’ll have your choice of online lenders, banks, or credit unions, as well as your golf cart dealership. While you shouldn’t submit more than 5 to 6 applications at a time, submitting a few and directly comparing each offer will allow you to choose the loan that’s best suited for your unique financial situation.

Secured vs. Unsecured

When applying for golf cart financing, you may be offered a secured or unsecured loan. While secured loans have lower interest rates and are easier to qualify for, your golf cart can be repossessed if you miss a certain number of payments. Secured loans have higher interest rates and shorter term lengths, but they won’t require you to put up your model as collateral.

If you’re looking to finance a new golf cart, we strongly recommend taking advantage of our amazing services here at Richmond Equipment. Our expert staff here in Richmond, Texas will be happy to assist you with both the application process and locating a golf cart model that fits your unique needs, and we’re always happy to assist those nearby in the cities of Houston and Rosenberg, Texas.