Talk of The Villages Florida

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-   -   depreciate (https://www.talkofthevillages.com/forums/golf-cart-sales-service-287/depreciate-209571/)

guitarguy 09-11-2016 04:14 PM

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?

JoMar 09-11-2016 05:31 PM

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.

dotti105 09-11-2016 06:18 PM

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!!

bbbbbb 09-11-2016 07:27 PM

Quote:

Originally Posted by guitarguy (Post 1287078)
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. :)

Fredman 09-11-2016 07:45 PM

I wonder how long it will take before this thread becomes a gas -vs- electric

dbussone 09-11-2016 08:35 PM

Quote:

Originally Posted by Fredman (Post 1287223)
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

Nucky 09-11-2016 09:22 PM

Quote:

Originally Posted by guitarguy (Post 1287078)
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!

dbussone 09-11-2016 10:12 PM

Quote:

Originally Posted by Nucky (Post 1287260)
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.

Carl in Tampa 09-11-2016 10:17 PM

My experience.
 
Quote:

Originally Posted by guitarguy (Post 1287078)
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.

rubicon 09-12-2016 04:19 AM

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.

goldseekur 09-12-2016 08:48 AM

Quote:

Originally Posted by guitarguy (Post 1287078)
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?

Since you did not say whether you were looking for a gas or electric cart, my two cents worth is that Yamaha GAS carts are very good but NOT their electric.

If you want a very good deal on a great cart try Grandma & Grandpa's Golf carts, 352-552-8454. They have re-manufactured carts that they actually build for your specifications. They have Yamaha and Club Car.

Club car electric carts are very good, especially if you get Trojan Ranger batteries. That is what I have and the batteries are GREAT. They are "rated" to go 60 miles on a charge. I have played a round of championship golf at Lopez [up near the North edge of The Villages], came home and took my dog for a 45 minute ride then drove all the way South to Soaring Eagle softball diamonds and back and the gauge never moved from fully charged and never lost any power. My cart is over 2 years old.

I tell you this because so many people say that electric carts won't be able to travel the distance of The Villages on a charge. I happen to disagree.

The other place to check out for a cart is Village Discount Golf Carts on 446, 352-633-8480.

Good luck.

guitarguy 09-12-2016 02:59 PM

I should have stated that I am leaning toward gas. I like the convenience of gassing up and then not thinking about it for a long time.

Dr Winston O Boogie jr 09-12-2016 03:08 PM

Quote:

Originally Posted by guitarguy (Post 1287663)
I should have stated that I am leaning toward gas. I like the convenience of gassing up and then not thinking about it for a long time.

Depending on how much you drive you may be gassing up every week. Gas golf cart don't get great gas mileage. Typically they get about 23-26 mpg. Not that that's bad, it's just that most people think they get a lot more. A typical gas cart has a tank that holds about 6-7 gallons.

Personally, I like the convenience of simply plugging my cart in every time I finish using it and filling the batteries once a month. Running to the gas station all the time and changing the oil is not what I consider convenient.

Sorry, I didn't meant o turn this into a gas vs electric debate, but I did want to give my opinion and perhaps correct a misconception that guitarguy has.

http://http://www.golfcarcatalog.com...ed-golf-carts/

JoMar 09-12-2016 03:16 PM

Well guitar guy.....confused yet?

guitarguy 09-13-2016 08:18 AM

YES I am thoroughly confused but it is sure is fun. I did not know that gas vs electric could wind its way into the discussion. I do welcome it. I was just kinda wondering how much cart from one to three years old would be worth.


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