Should You Buy a New vs Used Golf Cart?
When deciding whether to buy a new golf cart or go for a pre owned golf cart, there are several factors to consider. Both options have their perks and downsides, and your choice depends on your needs, budget, and how you plan to use the cart.
For more comprehensive insights into golf carts and how to choose the right one, visit our Golf Carts Guide, which covers everything you need to know about golf carts in detail.
Why Buy a New Golf Cart?
A new golf cart comes with several advantages, making it an appealing choice for those who prefer reliability and the latest features.
Warranty and Peace of Mind
One of the biggest perks of a new golf cart is the warranty. New carts usually come with manufacturer warranties, offering coverage that gives you peace of mind in case something goes wrong. If you’re looking for hassle free ownership, this alone might make a new cart worth the investment.
Customization Options
When you buy a new golf cart, you can often choose specific customization options like seating arrangements, color schemes, and accessories. Whether it’s upgrading to lithium batteries for a longer battery life or adding a custom stereo system, the possibilities are almost endless.
Latest Technology
New carts are typically equipped with the latest tech, from lithium batteries to advanced control systems. These batteries provide longer range and faster charging, which is a significant advantage for those who plan to use the cart often or for long distance rides on the course.
Resale Value
If you’re thinking about future resale, a new golf cart will generally retain more resale value over time compared to a used model. This higher resale value can help offset the initial cost difference.
If you’re comparing different brands and their features, be sure to check out our post on Club Car vs. EZGO for an in depth analysis of two of the leading manufacturers in the industry.
Why Buy a Used Golf Cart?
A used golf cart, or sometimes referred to as a pre owned golf cart, can be a smart choice if you’re on a budget but still want a reliable vehicle.
Price Difference
Let’s be honest : the most significant advantage of a used golf cart is the price difference. New golf carts can cost a small fortune, whereas used models are generally far more affordable. For those looking to save a few bucks, going pre owned can be a no brainer.
Maintenance and Battery Replacement
While a used cart might not have the same bells and whistles as a new one, many used models have been well maintained and are still in great shape. That said, it’s important to inspect for any potential issues such as the need for battery replacement. Checking the condition of the battery can give you insight into future costs, particularly if the cart uses older, non lithium batteries.
If you’re unsure about the differences between a golf car and a golf cart, be sure to read our detailed comparison: Golf Car vs. Golf Cart to better understand their uses.
Golf Cart Maintenance
One common concern with buying used is golf cart maintenance. Before making your purchase, it’s essential to review a used golf cart inspection checklist, ensuring that items like tires, steering, and battery life are all up to par.
Pros of New Golf Carts
Warranties
New carts typically come with warranties that cover repairs and maintenance, offering peace of mind.
Customization
With a new cart, you can pick and choose your favorite features, from color to golf cart accessories.
Longevity
A new cart, especially with lithium batteries, can last longer and offer better range and performance than older models.
Depreciation
New carts tend to depreciate slower in their first few years, ensuring you get a better return if you decide to sell it.
Pros of Used Golf Carts
Lower Cost
The cost difference between new and used carts is substantial, with used models often being much more affordable.
No Immediate Depreciation
Unlike new carts, used ones don’t experience rapid depreciation, meaning you won’t lose as much value if you resell it.
Tested Durability
Many pre owned carts have proven their durability over time and, if well maintained, can serve you well for years to come.
Other Factors to Consider
Gas vs Electric Golf Cart
When comparing new and used models, it’s essential to think about whether you want a gas or electric golf cart. Gas models often provide more power for trail use, while electric carts are quieter and environmentally friendly, especially with modern lithium battery upgrades.
Resale Value
When deciding between new and used, always consider the resale value of golf carts. While new carts often hold value longer, well maintained used carts can also offer a good return on investment.
Battery Life Comparison
New carts, especially those with lithium batteries, offer better battery life comparison over used models with older batteries. If you’re planning on using the cart frequently, this is a crucial factor to weigh.
Neighborhood and Trail Use
Golf carts aren’t just for the course anymore. Whether you plan to use yours for neighborhood use or on the trail, both new and used carts can be outfitted to handle different terrains, but a new cart may come with modern features that enhance performance in varied conditions.
Conclusion : What’s Right for You?
At the end of the day, the decision between a new or used golf cart boils down to your needs and budget. If you’re someone who values the latest technology and customization options, and you want the security of a warranty, then a new golf cart might be the best option. However, if you’re more price conscious and don’t mind a bit of extra golf cart maintenance, a used model can offer great value without breaking the bank.
Either way, whether you’re riding around the neighborhood, hitting the trails, or just cruising on the golf course, both new and second hand golf carts can provide years of enjoyment if chosen wisely.
Financing Options for New and Used Golf Carts
When considering the purchase of a new or used golf cart, understanding your financing options is crucial for managing affordability and payment plans. Here are the main options available
Traditional Loans
Many buyers opt for traditional bank loans. Interest rates can vary significantly based on credit scores and loan terms. Rates typically range from 3% to 7%, with payment periods of 3 to 5 years.
Dealer Financing
Golf cart dealerships often offer financing options that may include special promotions or lower interest rates for new carts. Some dealers provide 0% APR financing for a limited period, making new carts more appealing for buyers looking for short term payment plans.
Credit Union Loans
Credit unions may offer competitive rates for both new and used golf carts. They often have lower interest rates compared to traditional banks and may provide flexible repayment terms. Checking with local credit unions can yield favorable financing solutions.
Personal Loans
If traditional financing isn’t ideal, personal loans from banks or online lenders can be a viable alternative. Interest rates for personal loans typically range from 6% to 36%, depending on creditworthiness and the loan term.
Lease Options
Leasing a golf cart can be another option for buyers who prefer to use a cart without committing to a full purchase. Lease agreements typically have lower monthly payments, and at the end of the term, you may have the option to buy the cart.
Special Promotions
Manufacturers may run seasonal promotions or special financing deals for new golf carts, such as rebates or cash back offers. It’s essential to check the manufacturer’s website or consult with local dealers for the latest promotions.
Additional Resources
For more information on financing options for golf carts, consider checking the following resources:
- NADA Guides – Offers insights on vehicle pricing and financing.
- Bankrate – Provides comparisons of personal loan rates.
- Consumer Reports – Offers guidance on understanding financing options for various vehicles.
