Golf cart retailers aren’t willing to give up the industry secrets when it comes to the mark-up on golf carts! But you can reasonably expect that golf cart dealers make a couple of thousand dollars on each new cart sold. The industry as a whole is thought to be worth $150 million every year in the United States, with around 150,000 carts sold.
Full Answer
How much does a golf cart cost?
Overall, Golf Cart prices can range anywhere between $1,000 for a Used Golf Cart and $18,000+ for a high-end New Golf Cart. We go more in-depth on the price break-down below.
What is the typical markup on golf products?
What is the typical markup on golf products? My club offers a $400 “buy-in” to the pro shop which is a credit to your account and allows for discounted purchases throughout the year. This “discount” is 20% above cost for hard goods and 30% above cost for soft goods.
What is included in the markup on a car?
Sometimes these markups include the cost of dealer add-ons like seat-fabric protection, VIN etching, undercoating, and pin stripping. You could often negotiate such traditional add-ons out of the final transaction price. Even that is tougher to do today.
Do golf carts have indicators on them?
Most modern golf carts are fitted with some form of indication of the cart in the form of an amp-hour meter for electric carts or hour meter on gas carts.
Are new golf cart prices negotiable?
Q: Can I haggle on golf cart prices? The effectiveness of price haggling will vary depending on the dealer whom you visit. Some dealers will knock a little money off the price of the cart if they think that they can make a deal with you. Others may be stricter and may be less willing to negotiate on cart price.
Is there a blue book on golf carts?
There's No Kelley Blue Book for Golf Carts That's because used golf carts are often more diverse and hard to price than cars. There's also nowhere near the same amount of interest in used golf carts as there is in used cars. That said, the market is definitely expanding and could become more comprehensive soon.
Do golf carts hold their value?
Golf cart everywhere A product that is accepted by the majority in a market will hold its value because there will always be someone interested in buying what you have. The golf cart has universal application as it can be used by both old and young, rich and poor.
Why is there a golf cart shortage?
DUE TO COVID-19 THERE IS A SHORTAGE OF GOLF CARTS IN THE GOLF CART INDUSTRY.
How long do golf cart batteries last?
That all being said, properly maintained battery packs in fleet carts tend to last about 4-6 years while private owners tend to get about 6-10 years out of their battery packs. Other major factors include the type of options on the cart that may increase the draw from the battery pack.
What is the difference between a 36V and 48V golf cart?
Basically, a 48V system gives you more “pep in your step” and picks up/speeds up a bit faster than a 36V system. Energy Needed/Amps Drawn- A 48V system draws less amps and provides a little more range with all things being equal (cart/passenger payload weight, motor horsepower, etc).
Which brand of golf cart is best?
Here are the top best 5 golf cart brands to choose from.Club Car. If you're looking for a classic ride, look no further than the Club Car. ... E-Z-Go. If safety is your first priority, then the E-Z-Go brand is perfect for you. ... Yamaha. Chances are, you're very familiar with the Yamaha brand. ... Polaris. ... Garia.
How much does it cost to replace golf cart batteries?
Average Price of Golf Cart Batteries The average price of a golf cart battery replacement is going to be in the $800 to $1,500 range. Depending on the type of battery, it could even be in the $2,000 ballpark because powerful golf carts like a 72V need more expensive batteries installed.
How long do golf cart engines last?
Golf Cart Motor Just like solenoids (mentioned above), your golf cart motor works HARD. When properly taken care of, the typical gas or electric golf cart motor can last many, many years (20 to 30+).
Are golf carts in high demand?
The United States witnessed a consistent number of businesses in the golf driving ranges in 2019. For instance, as of 2020, 57,465 golf driving ranges were registered in the United States. This number is expected to reach an all-time high by 2021, creating huge market potential and demand for golf carts.
Where are Yamaha golf carts made?
Newnan, GeorgiaYamaha Motor Corporation manufactures some of the best gas and electric golf and utility vehicles available. All Yamaha vehicles are manufactured in Newnan, Georgia, USA.
Why are golf carts so popular now?
In addition to the exhilarating feeling of driving a street legal golf cart in a slow speed environment, people say they enjoy the view and feel more in touch with nature. Moreover, a more nimble vehicle makes it easier to make tight turns and much easier to park in crowded community centers.
How much is a 2011 ezgo golf cart worth?
The average cost of an EZGO 2011 TXT golf cart is $3,400. An EZGO RXV 2011 golf cart costs about $3,498. You can buy a used 2011 EZGO golf cart from retailers like ATV Trader and Dean Team.
How much is a 2005 ezgo golf cart worth?
A 2005 EZGO golf cart is worth between $2,000 and $2,500. An electric golf cart is usually cheaper than the gas version by about $200. You can check out online portals like Golf Cart Resource, eBay and Advantage Golf Cars for a good deal.
How much is a 2003 ezgo golf cart worth?
A 2003 EZGO golf cart is worth about $2,000. The exact price tends to vary depending on the model and whether it is a gas or an electric golf cart. The accessories included also play a key role in determining the price.
What is a 2004 ezgo golf cart worth?
A 2004 EZGO golf cart is worth approximately $2,500. A gas model will cost more than an electric cart because of higher maintenance and operating costs. Online websites like Tidewater Carts and Golf Cart Resource are good reference points to get a fair deal for the cart.
Why are golf carts so expensive?
The reason why golf carts can seem expensive is because of the additional items they include for safety reasons. These additional add ons such as headlights, brake lights, turn signals, seat belts and other items are not typically installed at a manufacturing plant. They are typically installed at the dealership themselves which costs a bit more due to manual labor costs and part costs.
Is golf cart industry behind the times?
The Golf Cart industry itself is a little behind the times when compared to cars, however, as stated earlier, with your help, we can help provide a transparent view to help the entire market.
How Much is a Golf Cart?
Depending on where you’re purchasing the golf cart, on average, they can cost anywhere between $7,000 and $9,000. If you’re thinking that’s a little too much to spend on a golf cart, you can always take the Used route.
Who makes golf carts?
EZGO, Club Car, and Yamaha have been around and building golf carts for many years, but how do you know which one to buy? Below I break down the individual prices for each of these popular golf cart manufacturers.
How Much Do Used Golf Carts Cost?
Used golf carts, on average, cost around $5,000 – $6,000. The good news about searching for a used golf cart is that their availability is vast. There are a plethora of used golf carts available, mostly because golf courses need to renew their golf cart fleets every few years. This can create a huge selection of lightly used golf carts.
How Much are Golf Cart Lift Kits?
Lift kits are becoming very popular in the golf cart world, and for good reason. They add ground clearance for off roading, and make your golf cart look cool, but how much are they?
How long do golf cart batteries last?
Most of them, depending on the amount of use, and how well you take care of them, can last upwards of 7 years.
How much does an electric golf cart battery cost?
Typically, battery packs used for electric carts will cost as low as $800 and as high as $2,500. The more expensive packs, such as 72 volt systems aren’t usually found in your normal, riding around town, golf cart. So to be fair, the average system will cost you anywhere between $950 and $1,500.
What companies take used golf carts?
Companies like Charleston Custom Carts, do an excellent job at taking used golf carts and turning them into amazing looking vehicles for a fraction of the price of a new golf cart.
What is the Mark-up on Golf Carts?
Golf cart retailers aren’t willing to give up the industry secrets when it comes to the mark-up on golf carts!
How much does a golf cart cost?
In the US, most golf carts cost between $7,000 and $9,000. However, some used carts can cost as little as $2,000, while some brand-new, customized carts can be in excess of $20,000.
How Much is a Used Golf Cart vs New?
Perhaps the first thing you need to decide when you’re looking for a golf cart is whether you will buy a new or used model.
How Much is a Four Seater Golf Cart?
If you like the idea of having more seats on your golf cart, you could opt for a four-seater.
Why are Golf Carts so Expensive?
The main reason that golf carts are so expensive is that they’re luxury vehicles designed for a specific purpose. Also, top brands like Yamaha, Club Car, and EZ-Go build their carts to last, using high-quality parts that increase the sale price.
Do Golf Carts Hold their Value?
The depreciation value cited for golf carts is around 8% annually. So, if you buy a new golf cart for $9,000, you could expect to sell it for around $8,280 the following year.
How to prepare for a golf cart negotiation?
The best way to prepare yourself for negotiations is to research the market thoroughly and find out what golf carts of a similar make, model, and age are worth.
How many seats does a golf cart have?
Well, most four and six seater units are still built off of a golf cart suspension and frame leading to safety issues. Therefore, if you are going to buy a golf cart to sit six or more, make sure it has proper suspension, seat belts, power system, and braking system.
How are electric golf cart batteries determined?
Therefore, the batteries in an electric Golf Cart is a fixed fuel cost determined by the life of the batteries where as a gas Golf Cart has to be fueled on a weekly to monthly basis much like a car.
How long do electric golf cart batteries last?
A typical electric Golf Cart comes with new batteries that will last three to nine years depending on type of battery pack, maintenance of the battery pack, range driven per day, location vehicle is being used, and the speed and acceleration of the vehicle.
How long is a golf cart battery warranty?
A Two-year battery warranty is one of the best and supported by select manufacturers, however, be weary of a 3-5 year battery warranty as it is probably too good to be true. TIP: Learn How to Determine the Age of Golf Cart Batteries.
How far should you drive a golf cart?
In addition, you will be driving the Golf Cart on the street, therefore safety is of the utmost importance. Whether you are driving 1 mile or 5 miles, safety will be key. Also, if golfing, then accessories, storage, and comfort in the vehicle are of great importance. For transportation of 3 or more, a golf cart will need to be designed for ...
Is a golf cart a car?
Purchasing a new or used Golf Cart is not entirely different from purchasing an automobile except for one distinctive difference. Most used Golf Carts have been used on Golf Courses. With this in mind, be aware of the dangers of purchasing a vehicle that was used on a Golf Course for 3-5 years. Many golf cart dealers will purchase these vehicles ...
Does a warranty cover golf cart batteries?
Normal wear and tear items will not be covered under a typical warranty. It is also good to not that most vehicle warranties do not cover batteries in electric Golf Carts. Therefore, make sure you read the fine print for the battery warranty provided by the battery manufacturer or dealer.
How much mark up on clubs?
I think it varies based on the clubs but at the one I used to work at we were typically around 30% mark up on hard goods like clubs, shoes, umbrellas. Clothing and hats were usually marked up 50% from cost.
How much markup does Tyson Lamb have?
But I'm relatively certain that Tyson Lamb 'pop-top' ball markers go for anywhere between 100% to 300% markup on the BST.
Why do you get a discount from the club?
The thought behind the discount from the club is that you will probably buy more stuff from them then you otherwise would. It would also keep you purchasing from them rather that a big box store.
Why would a proshop offer you cost?
Why would a proshop offer you cost? They have to make money to pay their staff and order product.
Can you sell ping under retail price?
Just to touch on this, your club or any retail vendor can NOT sell Ping under the advertised retail price. Ping will take away their distributorship if caught doing so
Do golf companies give discounts?
Another thing you have to consider Tier discounts, if they still do that! Golf companies used to give these types of discounts or say more of a discount on their stuff depending on the volume of goods the golf store buys.
Does ping give discounts?
This is a myth. Ping authorizes discounts all the time, but in the form of marketing/promotional dollars. For instance, the big box store I used to work at runs a free wedge promotion in March, where if you buy a 7-piece, current iron set, we'd throw in the accompanying tour wedge. For instance, if you bought G400 5-UW, you got a free Glide 2.0 of your choosing. In April we run a trade-in bonus on golf clubs. All current model irons get your base trade value + $125 if you buy at least 6 pieces, $100 for new drivers, $75 for new fairways, and $50 for new hybrids + your base trade-in value. I asked my Ping rep about this, and (see quote below) he mentioned tiered accounts. Every account gets a certain percentage of promo dollars, and it depends on the volume of inventory you buy. So obviously a store that does $6mil in sales per year (as mine does) x 50 stores is going to get A LOT more promo and play money than a single proshop does that might turn $50-75k in a year. However, they don't play favourites, if you are in that $50k level, lets say, then you get the same as everyone else at the $50k level. The problem is, a lot of proshops complain about the free wedge or whatever, despite being at a close level, but he has to remind them that their entire pro shop staff and GM got free Ping club packages that year, using the promo dollars instead of putting it towards, you know, promotions and marketing. You can't have it both ways unfortunately.
How much mark up does a car dealer get?
This might seem like a silly question to some, but not taking the chance to negotiate could cost you thousands, as the mark-up can be up to 50% and any dealer will rather give discounts that lose a possible sale.
What is the dealer mark-up on RV’s?
Dealerships add up to 50% mark-up on RVs, making it harder to find the best value for money. This give them room to negotiate price. The best time to get a deal is at end of season.
How much off MSRP for RV?
An RV show is the best place to get to see all the variety of RVs available in the market and with special pricing. You should expect to get 15%-40% off the MSRP based on supply and demand, hot models will not be discounted as much.
What to know when buying an RV?
What to know when purchasing an RV: Just like with any other vehicle, there are a few things you need to take into consideration when buying an RV. By now you probably did research and found that it might be a tough task to take on; especially with different mark-up and selling prices.
What do dealerships ask about your budget?
You will be able to do research based on your budget, which makes the whole process easier. Dealerships will ask what your budget is, what model you have in mind , and ask what kind of amenities you desire.
How to buy an RV at a cheaper rate?
If you wanted to buy an RV at a cheaper rate, then an RV show is not the place because you can find cheaper for the same models only in a local store.Select an RV model that you wanted to buy. Go through various websites on the internet that gives you a comparison between the prices of the RVs at different stores. Contact those particular dealers and ask if they could offer you a good discount. Collect the top few greatest discounts and try making deals with them by comparing their prices with the next cheaper ones. And now pick the best discount.
How to end up at a good model?
The only way to end up at a good model is by doing your research through the entire showroom. If the sales team you met is a local dealer, you can have a chat with them and find if they have a store nearby.
