Golf as a sport has extended into an area of interest. People are now pursuing it as a hobby. Although it is a much liked sport and people want to inculcate this area of interest in their routine, it works out to be an expensive deal. Golf cart leasing is an option that has relieved many of the mammoth expenses involved otherwise. A golf cart is also referred to as a golf buggy or as a golf car. It is a small vehicle that can transport two golfers along with their golf clubs across the golf course and alleviates the need to walk.
Originally this was and also continues to be the basic idea. Today golf carts are also used not only in golf courses but also for group gatherings like parties, concerts, charity events or even an official or business event. Many times purchasing a golf cart may not be a feasible option considering the price (which could range from $3000 to $15000) and limited usage. Golf cart leasing proves beneficial in such cases. There are basically two types of golf carts – electric powered models and gas powered models.
There are several benefits that accrue from leasing a golf cart. A lease is actually more business to the manufacturer. For a golf course, this works out better because maintenance and servicing are also included in many leases. When there is a real issue with a golf cart, these courses can get rid of the old one and get a new cart. Economically speaking, purchasing a new cart could be more viable but in the short run, the payment for lease works out to be lesser than the interest payment. Also, cash funds can be diverted to other projects. Off seasonal leases could work out to cost even lesser.
Leasing can be of two types: Operating and conditional. In the latter case, there is an option of buying the cart at the end of the lease. The cart manufacturers usually have some standard programs for leasing out. In Fair Market Value Lease program, the decision to purchase and the price is determined at the end of the lease. In Fixed Purchase Lease Option, the price is determined at the start of the lease. For new facilities, Grow-in Payment program can be applied. Payments are nominal in the initial couple of years after which payments gradually increase.
Staggered Delivery program can be used when the need for certain options are seasonal. This is where a fleet of carts get delivered throughout the period. Finally, the complete package focuses on golf carts along with additional equipment leases such as turf maintenance equipment etc. The internet is full of information on where to lease a suitable golf cart. The complete paraphernalia of details can be obtained from dedicated websites. The pricing depends upon the amenities available with each cart. Cart Leasing Inc. is one such firm that can be looked up for purchase and maintenance of golf carts. Golf cart leasing has risen as a concept of convenience for many.
Mark