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Maybe your golf cart (or your desire to have one) never exactly qualified for the cash for clunkers deal, but there is a federal credit that does allow you to save if you buy a new cart which you can take advantage of now.
There is a federal electric-car credit that golf carts may fall under. The requirement is the cart must be, yes, electric; and it must be roadworthy, meaning it has to have a speed of 15 to 25 miles per hour. It must also be outfitted with 3-point seat belts and rear-view mirrors. Golf carts usually cost between $8,000 to $10,000. With this federal credit you can save up to 2/3 of the purchase cost. In addition, some states have incentives for electric-car purchases so you can save, potentially, anywhere from $4,000 to $5,500.
And, there is no limit to the number you can buy. Some enterprising buyers have stocked up on golf carts with an eye to selling them in the future to make money. Maybe in this “drive” for a good deal on golf carts it’s the time for you to make your deal.
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