Golf Carts: Free Golf Carts Stimulus Package

Anybody want free golf carts?! That’s a free golf cart which qualifies for a government tax credit. “The purchase of some models could be absolutely free,” Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year. “Is that about the coolest thing you’ve ever heard?”

The golf-cart boom follows an IRS ruling that many golf carts qualify for the electric-car credit.

Tony Colangelo, in Florida, calls himself “golf cart man” and is already advertising free carts.

free golf charts

Golf Cart Man is referring to his offer in which you can buy the cart for $8,000, get a $5,300 tax credit off your 2009 income tax, lease it back for $100 a month for 27 months, at which point Golf Cart Man will buy back the cart for $2,000. “This means you own a free Golf Cart or made $2,000 cash doing absolutely nothing!!!”

Fox News has been reporting on this “loophole,” so no wonder the president doesn’t like Fox News. An electric golf cart qualifies for a tax credit, and some dealers as above are raking in the bucks and driving out the golf carts.

Where is the stimulus money going? It’s in part going to buy golf carts. The golf-cart boom has followed an IRS ruling that golf carts qualify for the electric-car credit as long as they are also road worthy. These qualifying golf carts are essentially the same as normal golf carts save for adding some safety features, such as side and rearview mirrors and three-point seat belts. They typically can go 15 to 25 miles per hour.

free golf cart

In South Carolina, sales of these carts have been soaring as dealerships alert customers to Uncle Sam’s giveaway. “The Golf Cart Man” in the Villages of Lady Lake, Florida is running a banner online ad that declares: “GET A FREE GOLF CART. Or make $2,000 doing absolutely nothing!”

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