Renting Versus Owning A Golf Cart
Should you rent or buy a golf cart? It's a question asked by business owners as well as individuals. Both approaches provide access to a golf cart, but they also differ in their advantages.
We've created the following guide to renting versus owning a golf cart, which will hopefully make your decision easier. For more information or to check out golf carts, visit Arizona Ranch & Resort Cars. Our dealership is located in Prescott Valley, Arizona, and we proudly serve those in Flagstaff and Surprise as well.
Consider The Financial Aspect
The Upfront Cost
There will be a much larger upfront cost when purchasing a golf cart. Even if you opt for a financing plan, there is usually a large down payment required. Individuals and businesses with fewer available funds may not be in a position to make that large upfront investment.
The Overall Cost
Buying a golf cart will also have a larger overall financial investment. Some individuals and businesses will be well-positioned to make this investment while others may be better off spending less to lease the golf cart.
Recouping Costs
If you own a golf cart, you get the option of recouping some of the initial investment by selling it. Golf carts retain their value well and you can earn back a significant portion of the original payment. This is not an option with golf cart leasing.
Consider The Ownership Aspect
Access To The Newest Models
When you purchase a new golf cart, you get to enjoy owning the latest and greatest model on the market...for a time. New golf carts with upgraded features will come out the following year and your model will no longer be the newest. For most individuals, this won't be a big deal. The golf cart still accomplishes what they need, even if it is no longer a cutting-edge model.
With golf cart leasing, you can replace the golf cart at the end of the leasing term. When the lease is up, you can start a new lease with the newest golf cart model. This gives you continued access to the latest features. For businesses, this is often a key advantage. They can continually upgrade their fleet to provide the best of the best to their employees or customers.
Flexibility
Owning a golf cart offers the most flexibility. You won't be bound by a leasing agreement, which can restrict things such as how you use the golf cart or which mechanics you can visit. The greater flexibility of ownership can be a valuable perk for individuals and businesses.
Ready to explore golf carts for sale or golf cart rental? Head over to Arizona Ranch & Resort Cars. We are located in Prescott Valley, Arizona. We also serve those in Flagstaff and Surprise, Arizona.