FINANCING PROGRAMS
FAIRWAY GOLF CARS

Fairway Golf Cars offers two different ways for you to finance your purchase of Fairway Golf "Personal Assistance" products.

Products can be purchased outright for the negotiated price or they can be leased. The two determining factors in developing a leasing program specifically for a customer include the length of the lease and the buy out or residual value of the products leased.

Standard Monthly Lease Payment Factors FOR Fairway Golf Carts LLC

Fair market value with a 10% buy out option to purchase at end of terms- 10% is based on whatever equipment cost is financed

First payment (1 payment) due at signing
$7,000 up $25,000.00 (equipment cost)
Terms 24 mos 36 mos 48 mos 60 mos
Rate Factor .04607 .03272 .02611 .02216
         
$25,001 up to $100,000 (equipment cost)
Terms 24 mos 36 mos 48 mos 60 mos
Rate Factor .04485 .03166 .02510 .02119
         
First and last payment (2 payments) due at signing
$7,000 up $25,000.00 (equipment cost)
Terms 24 mos 36 mos 48 mos 60 mos
Rate Factor .04563 .03241 .02585 .02195
         
$25,001 up to $100,000 (equipment cost)
Terms 24 mos 36 mos 48 mos 60 mos
Rate Factor .04448 .03140 .02489 .02101

Applicable Sales Tax will be added to each monthly payment unless otherwise noted on approvals. All factors above assume minimum two years time in business+ under same ownership and clean credit.

To caculate a monthly payment simply multiply the total equipment cost purchase by the above factors for the term(s) your client wants. Example: equipment cost is $27,993.00 (7 carts) x’s a 60 month term with 1 payments due at signing is $27,993.00 x .02119 = $593.17 per month for 60 months. (10% purchase out)
 
(Lease rates are subject to change)

 

Download our "Credit Application" here.

 
Fairway Golf Cars, LLC
Bob Hansen - Director of Sales
1-888-320-4850
3225 Gateway Rd, Suite 300
Brookfield, WI 53045
ph: 262-790-9363 fax: 262-790-9396