Octane Affirms Commitment to Golf Cart Market with New Prime Partnership
NEW YORK, April 1, 2022 — Octane® (Octane Lending Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and Club Car, a global leader in golf carts and UTVs, strengthened their relationship with a new partnership that includes lending coverage for prime customers. Effective immediately, a full spectrum of customers can benefit from Octane’s fast and easy digital buying experience for Club Car’s entire line of consumer golf carts.
This partnership builds on Octane and Club Car’s existing relationship, which began in November 2018 and enables first-time buyers and deserving customers outside of the traditional prime range to finance Club Car vehicles through Octane’s in-house lender Roadrunner Financial, Inc.® By expanding their collaboration to include prime customers, Club Car dealers can offer promotional rates as low as 0% and flexible terms to their customers.
This collaboration marks Octane’s fifth partnership with a golf cart OEM. The company is investing in the rapidly growing golf market; it launched a used golf cart program in December 2021 and is expanding its golf team. This partnership follows Octane’s recent entrance into the tractor and trailer markets.
“It’s an honor to partner with Club Car as we transform the buying journey for golf carts and bring our superior, digital experience to their loyal customer base and expansive dealer network,” said Jon Vestal, Senior Vice President of Powersports and OPE at Octane. “We’re excited to have such an innovative, renowned partner as we strengthen our commitment to the golf cart market and make it faster and easier for golf enthusiasts to do what they love.”
Octane’s digital tools and online financing platform provide a seamless experience and faster closings for Club Car dealers and customers, with prime customers closing in as little as five minutes. Additionally, SafeRate, a digital tool that uses soft credit pulls, allows dealers to instantly prequalify customers without impacting their credit scores.