The process of buying or selling a used golf cart is very similar to what you might go through with an automobile. Today, there is a huge market for used golf carts among dealers who take them in trade for new ones. You can also check newspaper classifieds to find carts being sold by individuals. Either way, you can expect to pay from $2,000 to $4,000 for a relatively new golf cart in good condition.
Misconceptions
If you have a golf cart, you might think it would have little resale value--somewhat like a suit of clothes that you have already worn. Actually, a used cart can be worth quite a lot, because the market for them is much larger than you may imagine. In fact, depending on its age and condition, a used golf cart could sell for $4,000 or more.
Benefits
There are three reasons why the market for used golf carts has grown. First, there is prestige associated with owning one. Then there is the economy of owning a golf cart rather than renting one each time you play golf. Finally, a golf cart is a very convenient mode of transportation when you have to run errands and do other activities.
Function
Obviously, most golf carts are used on a golf course. But more people than ever now view them as a preferred way to run errands close to home. This is particularly true of retirees, who find golf carts almost indispensable within the close confines of their retirement community. Not only are golf carts convenient for this purpose, they are very economical to operate. Therefore, there is a huge market for used carts away from the golf course itself.
Effects
Lately, golf cart owners have begun customizing their vehicles to reflect their personalities. For that reason, there is no end to the ways in which a cart can be altered, including installing stereo sound systems, fancy roofs and leather seat covers. Hundreds of companies provide products to turn golf carts into one-of-a-kind items, and those changes can affect the selling price of a used cart.
Types
There are two types of golf carts: electric and gasoline-powered. As a rule, used gas golf carts are somewhat more expensive than electric ones. However, after about 15 years, an electric cart will retain more of its value because of its longer life and need of fewer repairs.
