What Is a Used Golf Cart Worth?
Determining the value of a used golf cart is done primarily by evaluating its age and condition. Generally, the older a cart is, the less value it has. But this is not always true. An eight-year-old golf cart that has been well maintained is likely worth more than a five-year-old cart that's been left out in all weather conditions.
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Considerations
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Take into consideration the overall condition of the golf cart when determining its value. The condition of the body, canopy, tires, batteries or charger, oil leaks as well as its curb appeal all contribute to its value.
One of the major factors to keep in mind is the number of rounds for which the cart has been used. For example, cars that hail from Canada and the northern part of the United States are typically valued at a higher amount than golf carts from the south. The reason is simply due to usage. Carts from the south, with its more temperate climate, sometimes have been used for many more rounds.
Types
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Golf carts range in price, depending on condition. A cart that is sold "as is" means exactly that. The condition in which you see the cart is the condition that you buy. These carts are often the least expensive but will require the most work. Carts that are considered "shop ready" have been serviced and have had most of the apparent blemishes repaired, such as torn seats, bald tires and scratched paint. These carts often come with a warranty. Due to this, and the repairs, these carts are more expensive than carts in the "as is" category.
The most expensive used cart is usually a "reconditioned" golf cart, though this label is difficult to define because reconditioning means different things to different sellers and buyers. Typically, however, a cart that has been reconditioned will include new front and rear bodies, new brakes, new tires, new batteries, a replaced seat and new accessories (windshield, bag cover, lights, mats, club and ball washer). This type of cart should also offer a warranty.
The more a seller has invested in repairing the cart, the more expensive the used cart will be. -
Benefits
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When determining the value of a used cart, keep in mind that you can use it for other things than simply golfing. With minor adjustments (check with you local DMV) and a license plate, you can use it to run errands or for short trips in your neighborhood.
It often makes financial sense to own your own cart, particularly a used cart, if you belong to a local golf club. If you're spending $75 a week to rent a cart and can buy one for around $3,000, then the cart will pay for itself in less than a year's time.
Time Frame
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Golf cart sales are seasonal. Typically, carts become more attractive to buyers in the spring when golfers dust off their clubs. You can anticipate a premium price at this time.
This is not true, however, in the south. November through April is an ideal golfing season because the heat isn't too intense and courses are typically easily available. So, keep in mind your location and season when setting a price.
Warning
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While it might make financial sense to buy a used golf cart, be certain that you're working with a reputable dealer. To know this, see how long the dealer has been in business, visit the service department to see how many technicians are regularly employed to service the carts. Check out the parts department, too, to make sure that parts are easily available and delivered quickly for special orders.
If you're familiar with golf carts, the better option is to find an individual who is selling a cart. You can check prices for the cart if you know the model and make of the cart.
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