2025 Golf Cart Value Report

In the US, the average electric golf cart costs $7,245, lithium ion battery $10,603, and gas at $11,008. Lithium golf carts are on average 46% more expensive than the average electric golf cart. Gas golf carts are on average 52% more expensive than electric carts.

Golf carts experience the most significant depreciation in their first year, with values declining as the vehicle ages. Like automobiles, golf carts typically lose 15-20% of their value in the first year. Depreciation continues at a faster rate through years 2-5, then stabilizes significantly after 6 years. Well-maintained golf carts from premium brands like Club Car, E-Z-GO, and Yamaha tend to retain their value better than lesser-known manufacturers. Factors such as condition, battery type (lithium vs. lead-acid), features, and regular maintenance significantly impact resale value.