If you are an avid golfer and like to maintain your standards, you know that the right collection and brands of golf clubs do matter. However, golf equipment is usually expensive, and for a good golf club, you may have to shell thousands of dollars at one go. No wonder, many people prefer to either get financing assistance or opt for options like leasing that’s available with certain companies. In this post, we are discussing golf club payment plans and how you can do better with online loans.
Reviewing other options
Many companies like “TaylorMade” have come up with their own programs for leasing golf clubs. You can choose to pay an interest rate, typically high, and get the clubs right away and repay the money in installments. The company allows the members to upgrade their clubs when they want, and the payments will be adjusted as needed. There are, however, two problems to consider – credit check and 9.99 percent interest rate. If you don’t have a great credit score, this may not be the best option for you.
Retailers also have financing and leasing options, although some of them quote a price higher than the actual retail price of the golf club, and you will pay a premium anyway.
Financing your golf clubs
Just like you would get a personal loan for almost anything, you can choose to finance golf clubs similarly. There are installment loans available, and many lenders have an entirely online process, which means that the money is repaid in installments. There is no leasing here. You get the loan and buy your golf clubs, and eventually, the loan is repaid as per agreed terms. Many lenders may insist on a soft credit check, while some are open to financing golf clubs through loans for people with a bad credit score. Keep in mind that no credit check also means a higher interest rate.
Which is the best option?
Some people do like leasing, but if you prefer to own your golf clubs, financing them through a loan is always a better option. Just do your homework well, check terms and conditions, and think of how much you can afford to borrow. If you have additional installment loans, your monthly spending and payments must be considered.
Check online for personal and installment loans that can be used for financing golf clubs, and don’t forget to review the overall repayment plan.