A simpler way to offer financing for golf carts.
Magwitch helps golf cart dealers offer fast, flexible payment options at the point of sale—covering new and used carts, upgrades, accessories, batteries, and services. We focus on simplicity, transparency, and speed, so your team can close more deals confidently without getting bogged down in financing complexity.
We believe financing should help you close the deal — not slow it down.
Ready to onboard?
Financing built for golf cart dealers — without slowing down the sale.
Increase approvals across more buyers
Single-lender financing limits who you can sell to. Magwitch gives golf cart dealers multiple financing paths through one simple application—helping more customers get approved without restarting the process.
One simple application, multiple outcomes
Customers complete one clean, mobile-friendly application. When available, you review financing options in one place and move the deal forward—no juggling portals or re-submitting information.
Built for how golf carts are actually sold
Designed for showroom and remote sales. Share a link, walk a customer through the application, or let them finish later—without slowing down inventory turns, custom builds, upgrades, or delivery timelines.
Designed to help you sell more carts with less friction.
More approvals. Cleaner workflow. Financing your team will actually use.
The impact of offering financing on your sales
By offering financing through Magwitch, golf cart dealers can reduce price resistance, sell more upgraded carts, and move inventory faster. Instead of focusing on the total purchase price, conversations shift to affordable monthly payments—making it easier for customers to move forward on new and used carts, custom builds, lithium battery upgrades, accessories, and add-ons.
- Fast decisions for most applications
- Financing support for higher-priced inventory, upgrades, and accessories
- Clean, dealer-friendly dashboard
- Built for showroom and remote buyers
Traditional Installment
Fico - Term | 12 Months | 24 Months | 48 Months | 60 Months | 72 Months | Fee |
800+ | 6.99% | 6.99% | 6.99% | 6.99% | 10.99% | 0 - 3% |
750 - 799 | 6.99% | 6.99% | 6.99% | 6.99% | 10.99% | 0 - 3% |
700 - 749 | 6.99% | 6.99% | 6.99% | 6.99% | 10.99% | 0 - 3% |
680 - 699 | 10.99% | 10.99% | 10.99% | 10.99% | 10.99% | 0 - 3% |
650 - 679 | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 0 - 5% |
630 - 649 | 14.99% | 14.99% | 14.99% | 14.99% | 14.99% | 0 - 5% |
Starting Rates -Rates May Vary Due to Credit Profile*
Traditional Golf Cart Financing
- APRs starting as low as 6.99% for eligible customers
- Terms up to 72 months with loan amounts from $1,000 to $25,000+, depending on program
- Instant decisions using soft credit pulls
Eligible Uses
- New and used golf carts, including electric and gas models
- Parts, accessories, and upgrades (lifts, wheels, enclosures, lighting, and more)
- Lithium battery replacements and conversions
Sub-Prime Programs
Programs May Vary Pending Per Vertical*
Installment | Revolving Line | Lease | Guaranteed | |
FICO | 525+ | 550+ | No Credit | Guaranteed Approval |
Amount | $15,000 Max | $15,000 Max | $15,000 Max | $15,000 |
Terms | 72 Months | Revolver | 48 Months | 36 Months |
APRs | 24.99% | 24.99% | Lease Factor | 24.99% |
Fees | 7.99% | 7.99% | 3 - 5% | Upon Request |
Additional Programs
Give customers low or no interest upfront, with extended repayment options.
- 6–180 month terms
- 7%–17% merchant discount rate (MDR), depending on term
- Commonly used for larger home improvement projects
Promotional options that encourage faster payoff.
- 3, 6, 12, or 18-month Same-As-Cash options
- Can extend into longer repayment terms (up to 120 months)
- MDR typically ranges from ~5.9% to ~15% depending on structure
Fixed promotional financing with no interest for the customer.
- Options up to 36 Month
- MDR generally increases with longer promotional terms
- Popular for customers focused on payment certainty
Specialty programs for higher-value or longer-term use cases.
- Promotional Same-As-Cash options up to 24 months
- Extended terms up to 180 months
- Custom MDR structures based on program and approval
Funding, payouts & cost — made simple
Approved funds are paid directly to your business, so you can move inventory, deliver products, and complete sales without cash-flow delays or added complexity.
❖ Direct Funding
When a sale is completed
Approved funds are paid directly to your business once the financing process is finalized—no intermediaries and no manual payout steps.
❖ Payout Options
Choose what works best for your operation
Instant payout options are available for faster access to funds, or you can use standard ACH deposits.
❖ Flexible Funding
Built for real sales and delivery timelines
Financing options are designed to support new and used golf carts, custom builds, and add-ons—making it easier for customers to move forward on higher-value purchases.
You’ll get:
- Direct funding to your business
- Instant payout or standard ACH options
- No setup fees, no monthly fees, no subscription costs
Have a quick question before moving forward?
If you’d like to walk through anything, confirm a detail, or ask a few questions first, you can book a short call below.
Ready to onboard?
If you’re ready to move forward, you can begin onboarding now.
The setup form collects basic business and ownership details so we can configure your account and get you ready to submit applications.
You don’t need to have everything perfect — our team will review your information and follow up if anything is missing.
Contact Us
www.Magwitch.com | (800) 970-1158 | Sales@magwitch.io