Golf is a renowned game made for the niche people in society. I wouldn’t lie if I say golf is the game for rich people. And if you can afford luxury, comfort, and style, you would pay for that. And those luxurious, attractive Golf carts come at a very huge price.
The average price of golf carts starts from $8000 and $9000 and goes over $20,000 even. The most expensive golf cart, the Garia Soleil de Minut costs a whopping $52,000.
But, do you know why are golf carts so expensive in the first place?
Why are golf carts so expensive?
Several factors lead to the uber-expensive price of golf carts. They are made with top-quality materials that last quite a long. They are also made with luxury upgrades, the best accessories, and top safety features.
A combination of all these add to the cost and these golf carts fall into the niche market with very few manufacturers. The number of golf carts manufactured is for a small community and not for the masses for which the prices are generally high.
So because of this monopolized market, the manufacturers keep the cost high along with the array of high-end accessories and safety add-ons.
But these days, golf carts are used in golf grounds and other places like airports, hospitals, luxury resorts, huge business centers, and sports events.
Because of their compact high functional structure, these low-speed vehicles are a great choice at other large venues to transport people easily from one location to another.
Factors that contribute to the cost of golf carts
We know by now the reason behind the huge cost of golf carts. Hence let us discuss this in detail so we can shed light on the factors contributing to the high cost of golf carts.
Niche Market
Golf carts are a luxury vehicle made for the niche market and designed for a specific purpose. Hence they have limited manufacture and are not used by the masses.
So the manufacturers hold quite a monopoly in the market, hence the price is so high as they have less competition around.
Materials and Construction
The price of the golf carts are so high because the top quality materials are used where there is no room for compromising on quality. Moreover, the design and construction of these carts are very modern keeping in mind today’s luxury needs.
They come with 4-stroke engines, Electric 36-Volt Engines, and Electric 48-Volt Engines which are very powerful. And for this reason, the manufacturer cannot skimp on the quality as this last a long time.
Customization and upgrades
The golf carts are highly customized depending on the customer’s requirement. Even the battery used is high quality, which is very expensive.
Moreover, continuous upgrades with the latest technologies immensely improve the comfort, luxury, and safety of golf carts. It also has navigation and entertainment options. And trust me, the solid customers are ready to pay this steep price for all the luxury and comfort.
Maintenance and repairs
The maintenance of golf carts is very important to last a long time. Regular inspection and servicing are required which needs to be done from specialized service centers of the manufacturer and not from any automobile service center. Even if there is any issue, the repair cost is high as the sub-parts are very expensive.
Affordability and Supply & Demand
When it comes to purchasing golf carts, not all can afford to purchase this luxury. But those who can afford luxury vehicles would always be ready to pay the high price of golf carts.
Furthermore, its high demand for limited production makes the cost so high it is not mass-produced.
How to save money on a golf cart?
There are several ways you don’t have to pay the whopping amount to own a golf cart. Let us look into the options where you can save money.
Pre-Used Ones
One of the best ways to save money while purchasing a golf cart is to buy a pre-owned one. This a great option for those who want to modify and customize their cart and yet be on a budget. Though this might not be appealing to many people, you can save a lot of money this way.
Look for sales and promotions
If you have a keen interest in golf carts, you would surely know about the brands and when they conduct sales and production. You can always take advantage of the sales and promotional prices where you pay on discount instead of the actual MRP of the product.
Consider less expensive models and brands
While purchasing a golf cart, it’s not necessary that you always need go for high-end brands only. You can also go for less-expensive brands which also produce good quality products.
Further, the more options you add or customize, the higher the price. It would be advisable to go for less expensive models that don’t have too many unnecessary options or do not customize unnecessarily just for the sake of doing so.
Rent or share a cart
Renting a golf cart is a great way to save money if you use it occasionally or only during special occasions. Many companies provide rental or sharing services to use a good quality golf cart at a good price.
Purchase Electric instead of Gas Golf Carts
Electric golf carts are less expensive than gas golf carts. This is a great option to save money as well as gas. Though they are not as fast as the gas golf carts, still they can transport them to any place.
Exchange your old model
If you have an old golf cart and are interested in getting a brand new one, the best way to save money is to trade the existing one for a brand new one with the latest technology.
What is an alternative to a golf cart?
These days it is all about upgradation and alternatives for everything. Golf carts are an excellent mode of transport to get around your neighboring golf ground if you don’t wish to walk long distance golf grounds or even if you don’t want to drive a car.
Golf carts are fun to ride and excellent for these short turnarounds. But if you don’t have one, there are excellent alternatives to golf carts that are in demand these days. These great alternatives include golf bikes, scooters, the Segway, golf boards, and golf ATVs.
- Golf bikes are exclusively made for golfers with a large basket at the back to carry all the golf clubs and are comfortable to ride even with heavy weight.
- Golf scooters are made for golfers with a large platform where you can stand to reach your clubs with a bag that would store all the golf gear.
- Segways are self-balancing, two-wheeled scooters that are exciting for golfers who prefer to carry their clubs along with them.
- Motorized golf boards are fun as they are small and extremely lightweight, which can easily carry you to roam around the golf course and your gear.
- Golf ATVs are four-wheeled vehicles that are an excellent t alternative to golf carts to roam around the neighborhood with a huge storage that can fit all your golf gear.
Frequently Asked Questions (FAQs)
How much should I spend on a golf cart?
It depends completely on your budget as an average cost of a 4 seater new golf cart would cost around $9000 to $14,000 and if you are looking for a 6 seater new golf cart, it would cost you more than $14,000. The cost depends on the brands you choose as well. Brands like Yamaha, E-Z-GO, or Club Car would cost more than new brands like Evolution, Icon, or Advanced EV.
Do golf carts hold their value?
There is a reason golf carts are so expensive and still in high demand. The most important is their versatile use which can be used in many places apart from the golf grounds. Furthermore, they would require very little money and effort to maintain quality. If you take care of them properly, they will surely keep their actual value for quite a considerable time.
Why is there a shortage of new golf carts?
The Coronavirus pandemic has hit badly in every sector, the impact of which was suffered by every industry. Hence, due to all these lockdowns imposed worldwide, the golf cart market was immensely affected because of the pandemic that kept all people indoors. This affected the golf cart sales very badly, resulting in a shortage of new golf carts.
Conclusion:
Golf is such an amazing game not only for your leisure but as a profession as well. Many renowned golfers have achieved immense success through this game. Golf carts are an inseparable part of golf grounds that has countless reasons to be in use.
Though they are very expensive they are always high in demand.
Moreover, they are extremely versatile and in high demand in many places apart from the golf grounds such as hospitals, airports, business centers, luxury resorts, etc.
Moreover, there are some attractive alternatives to golf carts these days that are also hugely accepted by golfers. We have also discussed the factors contributing to the expensive price of golf carts. However, there are also some low-cost methods to use golf carts.
