Golf Carts have become a staple in today’s society. Coming from their humble beginnings transporting golfers around the course, to rolling through your local neighborhood. Knowing how to check the value of your golf cart can create new dialogue for your sales pitch to any buyer. However, it is becoming increasingly important to be able to determine the value of golf carts. Though this can be difficult to keep up with in today’s market, this is important for buyers and sellers alike. Let’s discuss some of the most important components.
Age, Condition, and Usage
These must be the three factors in how to check the value of your golf cart. Ask yourself the following- When was the cart produced? How long has that model been around? Was it well maintained? Is there a normal amount of wear and tear? What was this golf cart used for? Where was it driven? Knowing this information is crucial to determine the value of your golf cart.
Market Trends and Comparable Listings
Once you have answered the questions above, start to dig into the market around you. Whether you’re buying or selling, look to see if you can get a better deal if you travel away from home. Search for golf carts for sale that are as similar as possible. Use the information to decide if you should charge more(or offer more) for your cart. Take into consideration the status of the market. Gas prices going up? Electric golf carts now come with a premium. Cart manufacturers having logistical issues for shipping new gas-powered carts? Your used gas golf cart just went up in value. Your local country club just went out of business? Maybe you should look into selling a few cities over. You get the gist.
Brand, Model, and Features
For the same reason an old Mercedes costs more than the same year Ford, golf cart brands matter. Premium brands like Club Car, EZ GO, and Yamaha tend to fetch a higher price even with less desirable age conditions and usage history. These companies have built a reputation for producing reliable, high-quality golf carts. The other factors include the features available on the golf carts themselves. Things like upgraded upholstery, paint jobs, audio systems, and lighting help a golf cart retain value for resale.
Consult Experts
There are tons of resources online to aid in determining the value of your golf cart. That said, there is comfort to be found in getting a third-party appraisal from someone who deals with golf carts regularly. Try finding a certified appraiser or head to your local golf cart dealership. With a few searches on Google you can likely find a local enthusiast who can bring tons of data and experience to the party. Keep in mind there may be a fee for such a service. Depending on what you would like to achieve by knowing the value of your golf cart, this may be worth the investment.
Conclusion
To conclude, checking the value of your golf cart requires consideration of many factors. Most important are age, condition, and usage history. By conducting thorough market research and using comparable carts you can get a feel for the value of your specific golf cart. When this proves to be a difficult task or you’re unwilling to sink the time into it, consult a professional. If you are looking for your next golf cart or are interested in selling to the highest bidder, we hope this article provides a roadmap for how to check the value of your golf cart.
