Estimating a golf cart’s value is challenging because the market still needs development. On the other hand, valuing a car, truck, or van is relatively easy due to a standard valuing system for both sale and purchase.
Certain aspects like year, model, company, and battery must be checked before selling or purchasing a golf cart. When it comes to this, is there a Kelley Blue Book for golf carts, a standard system to estimate the worth of vehicles like cars, trucks, and vans?
After this discussion, you will be clear on the dilemma of Kelley Blue Book and golf carts with ways to estimate the value of your golf cart.
Kelley Blue Book for Golf Carts
Kelley Blue Book is a thorough guide that provides a holistic idea of gold pricing on any new or old vehicle. Depending on the engine, model, extent of usage, and other details are the perimeters for estimating the value of a car.
Having a detailed guide on selling and purchasing makes it easier for owners or buyers to estimate the market competence of vehicles. As for golf carts, unfortunately, Kelley Blue Book has no category that explains them.
Indeed, it makes it challenging for golf cart owners to look for a standard system to value the golf carts they are planning a sale. Buyers must also do individual market research before buying a desired golf cart.
Determination of Golf Cart Worth:
As discussed earlier, certain factors play a role in determining the worth of golf carts, mainly when used. These factors are judged as an international practice to identify the value of golf carts.
1. Research the Market:
Given that there is no standard toll for golf cart value, you should surf through the market on your own. Internet is the best option; check classified sellers, dealers, original company values, and auction websites to understand general importance.
This practice will take your knowledge to an advanced level about specific golf cart models. It will give you a basic idea of pricing the intended golf cart model with certain specifications.
2. Age and Condition:
The age and coverall golf condition is also a factor in price determination. A less used golf cart that appears new will have more worth. In contrast, a golf cart with signs of wear and tear will be worth less.
Depending on the model, the parameter is to look for appearances like body paint, tires, batteries, and accessories.
3. Company and Model:
The next factor is company and model; different brands have different reputations in the market. So, you need to understand that top-tier-brand golf carts will have high reselling value than the normal ones.
So does the golf cart model; the one launched in recent years will be pricier than the one that has been there for a decade.
4. Electric and Gasoline:
There are two power modes of golf carts; one runs on electricity, and the other goes with gasoline or other fuel type. Electric golf carts are the latest technology and are considered ec0-friendly and will have more price.
The gasoline ones are considered old versions; they need more maintenance, so their pricing is low. Consider all the aspects and see which power type will work best for you.
5. Battery Conditions:
While dealing with electric golf carts, estimating the battery’s worth is crucial. Since batteries have a specific life span, replacing them is costly. Verify the age, use, and type of batteries to estimate golf cart value.
6. Demand Factor:
Now comes the demand factor; there is no rule of thumb that the latest golf cart models will always have high prices. Some old models that have been working well for years can be in demand in the market.
Surf through the golf communities, sellers, and buyers to see what’s in demand with the estimated price. The golf cart with high demand will undoubtedly have a high price tag.
7. Maintenance and Service History:
While buying an old/used golf cart, you must check the seller’s maintenance and service history record. If they have a well-maintained log of the services provided to golf carts through the tenure of use will make it more valuable.
8. Compare Price:
Once you know all the factors and have surfed enough of the market, you will come to an estimated amount for a particular model. Check other buyers or sellers and see if they have the same price for the same model or what price they offer.
Estimated Price of Famous Golf Cart Models:
Some golf cart models that have been famous for years are still in demand. They can be known as forever green golf cart models that have been sold and purchased constantly. I have prepared a table to give you a general price estimation for these models in the market.
|Golf Cart Model||Price|
|2005 Yamaha G22 Grey Gas Lifted Cart||$7,200-$10,500|
|2012 Yamaha Red UMAX Utility Cart||$9,000-$12,000|
|2014 Club Car Villager Gas 6 Passenger Cart||$8,500-$9,500|
|2017 Club Car Precedent Blue Lifted Electric Golf Cart||$16,000-$18,000|
|2019 Club Car Tempo 6 Passenger Silver Electric Cart||$13,900-$15,000|
|2022 STAR EV Capella Black Electric Golf Cart||$11,500-$13,000|
Since Kelley Blue Book for golf carts has yet to be available, it is difficult for buyers and sellers to form an estimated price for the golf carts. However, considering factors like market value, age, condition, make, model, power type, battery condition, and market value will help you to label a price for a particular model. Compare different seller options to find the best deal.
Certain facilities provide professional help to estimate the value of golf carts; however, gaining knowledge on a personal level is still important.
1. Do golf carts hold their value?
Yes, given the golf carts are used in good condition, they can have a high resale value. If you own a golf cart from a well-known brand and maintain it properly, its resale value is up to 70% in five years.
2. Does a golf cart have a VIN?
No, golf carts have serial numbers instead of VIN. VIN is valid for vehicles manufactured for street use, and golf cart doesn’t fall in that category.
3. What is the average lifespan of a golf cart?
According to experts and manufacturers, the average life span of a golf cart is from 5-7 years. If you maintain it properly, it can last more than ten years of use.