When you’re in the market for a quality golf cart, you’ll find an impressive selection of models to choose from. Whether you’re seeking an electric model or a gasoline-powered buggy, there’s a

golf cart for different needs and budgets. If you’re on a tight budget and don’t want to pay the full cost upfront, you can choose to partly or completely fund your purchase. We have compiled this brief guide on getting a golf cart financed. Keep reading to learn more and if you want more information, don’t hesitate to get in touch with us.

Establish a Budget

Your first step is to determine how much you can spend on buying a golf cart. This will help you avoid models beyond your price point since you'll eliminate them from your search at the start. Plus, you can avoid skipping features or models that you can afford. By setting a realistic maximum spending amount, you will be able to get the highest quality golf cart that you can afford.

Consider the Down Payment and Monthly Installments 

Most financing options require an upfront down payment of 10% to 20% of the golf cart's total cost. Remember that paying more upfront will save you money in the long run due to lower interest rates. Make sure that you’ll be able to make your monthly payments before you get your purchase financed. You’ll need to do some math to determine how much these payments might be for the model you want, as well as how much interest will accrue over time.

Check Your Credit Score

A big factor in getting a loan is your credit score. The higher your credit score, the better off you'll be. Focus on building a solid credit score and try to get it above 700. Our financing

process is as easy as it gets! For your convenience, you can fill out our online financing application today or get in touch with us so that one of our knowledgeable staff members can get you started.

Which Type of Loan to Take?

Think about what type of loan you want to pursue. Secured loans use the golf cart you purchase as collateral if you default on the loan. This means your vehicle may be repossessed if you fail

to make payments. These loans have high limits, lower rates, and longer repayment terms, and they’re the best option if you need a larger amount of money up-front or if you don’t qualify for an unsecured loan.

Unsecured loans require no collateral, but their rates are higher and terms shorter. You probably won’t lose your vehicle if you default on an unsecured loan, but you could end up dealing with a penalty. Try to know as much about the loan you’re taking as possible. There are some loans that penalize you for paying it off before the term is over, and you don’t want to have to deal with that. We recommend that you always read your loan terms carefully and make sure that you understand your responsibilities.

We hope that these tips will help you to successfully finance your golf cart. Once you’ve finalized the model you’re interested in purchasing, the experts at Discovery Golf Cars would be

happy to walk you through the financing process. Get in touch with us at our dealerships in Land O'Lakes and Clearwater, Florida. We also welcome all those in St. Petersburg and Lakeland.