depreciate

depreciate

Notices

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
 
Thread Tools Display Modes
depreciate
  #1  
Old 09-11-2016, 04:14 PM
guitarguy guitarguy is offline
Junior Member
 
Join Date: Sep 2016
Posts: 3
Default depreciate

How much does a new golf cart depreciate when it is sold? Is there a rule of thumb for subsequent years?
I am beginning to looking at used carts and trying to determine approximate values. I am sure brand does matter so how about a Yamaha?

  #2  
Old 09-11-2016, 05:31 PM
JoMar JoMar is online now
Sage
 
Join Date: Apr 2014
Posts: 2,859
Default

Depends on who you buy from. I wouldn't touch a used cart unless there was a warranty attached to cover the big potential costs. When you buy privately you get it as is and you own all the expense. There are a number of operations here that rebuld and warranty what they sell. Sta-Rite Carts and Accessories is one. Carts are used heavily here, many as the primary mode of transportation and will accumulate thousands of miles a year. Buy smart, not cheap.
__________________
No one believes the truth when the lie is more interesting

Berks County Pennsylvania
Sponsored Links
  #3  
Old 09-11-2016, 06:18 PM
dotti105's Avatar
dotti105 dotti105 is offline
Gold member
 
Join Date: Aug 2012
Location: The Village of Gilchrist, fulltime
Posts: 1,081
Default

My hubby bought a used as is 2010 electric Star cart for $2,500 and it has been used every day for over 2 yrs. it's a great cart! But he looked at many before buying.

You need to know what you are looking at, and looking for. Go look at lots of carts, new and used, before you seriously start shopping!

In fact we bought mine used too. It's a CA Roadster that I LOVE to drive. It's been a jewel and I paid about 30% of the price of a new Ca Roadster!!

We have had great performance from our used carts!!
  #4  
Old 09-11-2016, 07:27 PM
bbbbbb bbbbbb is offline
Veteran member
 
Join Date: Nov 2014
Location: Sumter landing
Posts: 582
Default

Quote:
Originally Posted by guitarguy View Post
How much does a new golf cart depreciate when it is sold? Is there a rule of thumb for subsequent years?
I am beginning to looking at used carts and trying to determine approximate values. I am sure brand does matter so how about a Yamaha?
On carts, I can only give an opinion. I looked and looked and my wife looked also. I found that some cart shops are really not very helpful and it shows what will happen after the sale. We bought an EzGo electric from Advantage Golf Carts, AGC they are in a center where the Bonefish Grill is located. They have been great, they have a great service plan, for the first year, they come to your house for service, hard to beat that. The cart it great, we love it. We are not real big on driving and driving, so during the week we go to play pool or to swimming pools and about once a week, we charge it for about 4 hours, the Utility company verifies, it takes about 15 to 19 cents and hour to charge. NO GAS, NO FUMES, NO RATTLING ENGINE, NO WHATEVER, PURE SILENCE, WE LOVE IT.
  #5  
Old 09-11-2016, 07:45 PM
Fredman's Avatar
Fredman Fredman is offline
Veteran member
 
Join Date: Feb 2015
Location: Pittsburgh, Cincinnati,Chicago ,buffalo, Asheville ,Pittsburgh
Posts: 585
Default

I wonder how long it will take before this thread becomes a gas -vs- electric
  #6  
Old 09-11-2016, 08:35 PM
dbussone's Avatar
dbussone dbussone is offline
Sage
 
Join Date: Jun 2012
Posts: 7,849
Default

Quote:
Originally Posted by Fredman View Post
I wonder how long it will take before this thread becomes a gas -vs- electric


Oh oh. Now you've done it. I know both have pros and cons, but I prefer gas carts. You just can't beat a once a month fill up.


Sent from my iPad using Tapatalk
__________________
All the great things are simple, and many can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.
Winston Churchill
  #7  
Old 09-11-2016, 09:22 PM
Nucky's Avatar
Nucky Nucky is offline
Sage
 
Join Date: Apr 2015
Posts: 8,450
Default

Quote:
Originally Posted by guitarguy View Post
How much does a new golf cart depreciate when it is sold? Is there a rule of thumb for subsequent years?
I am beginning to looking at used carts and trying to determine approximate values. I am sure brand does matter so how about a Yamaha?
I was told $1000 the first year and $500 every year after depending on mileage and upkeep. Who knows, you know when you trade it in they will try and steal it from you to make a pile of dough!
  #8  
Old 09-11-2016, 10:12 PM
dbussone's Avatar
dbussone dbussone is offline
Sage
 
Join Date: Jun 2012
Posts: 7,849
Default

Quote:
Originally Posted by Nucky View Post
I was told $1000 the first year and $500 every year after depending on mileage and upkeep. Who knows, you know when you trade it in they will try and steal it from you to make a pile of dough!


I believe you are accurately stating what typically occurs.
__________________
All the great things are simple, and many can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.
Winston Churchill
My experience.
  #9  
Old 09-11-2016, 10:17 PM
Carl in Tampa's Avatar
Carl in Tampa Carl in Tampa is offline
Platinum member
 
Join Date: Jun 2012
Location: Split time between Tampa and The Villages
Posts: 1,893
Post My experience.

Quote:
Originally Posted by guitarguy View Post
How much does a new golf cart depreciate when it is sold? Is there a rule of thumb for subsequent years?
I am beginning to looking at used carts and trying to determine approximate values. I am sure brand does matter so how about a Yamaha?
To avoid the electric vs. gas debate, let me offer a response to the original question.

When I went to The Villages Golf Cars at 910 Bichara Blvd, Lady Lake, near Spanish Springs Town Square, I found a rebuilt gas model that I wanted. I had not come in my current electric cart, but when I told the salesman the brand, type, approximate year and general condition, he consulted a list that contained such data and made an offer for a price for my trade in that I thought was quite generous.

SO.... I conclude that there are figures on the value of used carts based upon these factors. To what extent a salesman will share this information with you I do not know, but surely one will give you an indication of the relative depreciation rate of electric vs. gas, and different brands.

Here's a hint. If the batteries on a trade in are getting old (and their date when put into service does appear on the batteries) then the value of the cart will be diminished, regardless of brand.

Note that I traded in an electric (which came with the purchase of the house) to buy a gas cart and would never own another electric.
__________________
  #10  
Old 09-12-2016, 04:19 AM
rubicon rubicon is offline
Email Reported As Spam
 
Join Date: Nov 2010
Posts: 13,707
Default

Depreciation "let me count the ways" and let us first begin with who is the buyer? Market value is the price that a willing seller and willing buyer agree upon. If there is a red/blue/black book dealers keep it well concealed.

One thing we can be sure about is that a dealer selling a used cart is listing it substantially above what s/he paid for it.

Private owners price, what they believe they need in order to buy a replacement

Some carts are used as second cars. Some like me use them only to play golf which is about 3 times a week resulting in low mileage.
Closed Thread

Tags
depreciate, carts, values, yamaha, matter

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:51 AM.