Golf carts are a popular mode of transportation on golf courses, retirement communities, and other leisurely areas where you might be considering buying a vacation home. However, while the initial purchase price may seem reasonable, future costs can add up if you're not careful. Here are some hidden costs that come with owning a golf cart and how to manage and reduce these expenses.
Unexpected Costs That Come With Owning Your Own Golf Cart
At a certain point - especially if you are a vacation rental owner renting your wheels on a seasonable basis, the idea of buying a golf cart has probably crossed your mind. However, just as with purchasing any vehicle, there are many costs involved that you might not consider immediately.
Initial Purchase Price
The cost of a golf cart varies widely, depending on the make and model, and any additional customizations or features. On average, you can expect to spend anywhere from $6,000-$18,000 for a new golf cart from a dealership. However, some used carts can cost as little as $2,500-$3,000, while other high-end models can cost upwards of $19,000 [2].
Maintenance Costs
Regular maintenance and repairs can quickly add up to your golf cart. Replacement parts, oil changes, and battery replacements are just a few of the costs you will need to consider [3]. It's also important to factor in annual check-ups and repair costs to ensure your cart runs smoothly. Your cart’s wheels may be able to be repaired, or they may need replacing on a regular basis if you are traveling over rough unpaved paths and hard asphalt. Luckily though, there are plenty of vendors out there that you can shop at to find durable wheels for your golf cart at, such as Golf Cart Stuff.
Storage Costs
If you don't have a garage or designated storage space for your golf cart, you may need to rent storage space, which can add an additional expense to your budget. Some people also invest in a cover or enclosure to keep their golf cart protected from the elements during the winter months.
Accessories Costs
From lights to speakers and from mirrors to seat covers, the cost of accessories for a golf cart can easily add up [4]. Before investing in these accessories, determine which ones are necessary and prioritize accordingly.
Fees and Insurance Costs
Depending on where you live and how you use your golf cart, you may need to pay additional registration fees or insurance costs [5]. It's important to research the laws and regulations in your area beforehand to avoid any unexpected expenses.
Trail Fees vs Golf Cart Rentals
While this is not an issue for those just looking for a cheap and easy-to-park vehicle in a resort area, but many golf courses in areas such as Palm Springs or Tucson, Arizona charge a trail fee if you bring your own mode of transportation for use during a round of golf. While this tends to be far cheaper than the cost of actually renting on of their carts - it is absolutely something to consider if your objective is to save money on the golf course.
Gas vs Electric Golf Carts - Which Is Cheaper?
Electric golf carts are typically cheaper to purchase, maintain, and operate than gas-powered models. Electric carts don't require gas or oil changes, but you may need to replace the batteries every few years, depending on usage. On the other hand, gas-powered golf carts cost more upfront and require regular maintenance such as oil changes, spark plug replacements, and fuel filter replacements.
Despite being less economical, many people prefer gas-powered golf carts because they tend to perform better and can travel farther distances on a single charge.
However, electric golf carts tend to be a more economical option due to their lower initial purchase price, lower maintenance costs, and no requirement for gasoline.
Other Unexpected Golf Cart Ownership Costs
Like any vehicle, unexpected costs can arise at any time. From random repairs to battery replacements, it's essential to have a contingency plan in case of emergencies.
Managing Your Costs As A Golf Cart Owner
To reduce your golf cart expenses, there are several things you can do:
- Consider purchasing a used golf cart instead of a new one.
- Invest in a high-quality cart to minimize repair costs.
- Check the warranty and insurance coverage before making your purchase.
- Limit the amount of customizations and accessories you add to keep your expenses down.
- Store your golf cart in a safe, enclosed space to reduce maintenance and repair costs .
In conclusion, owning a golf cart can be a fun and convenient mode of transportation. However, it's important to factor in all the potential costs that come with owning one. You can enjoy your golf cart without breaking the bank by doing so and taking steps to manage and reduce these costs.
