Have you been tasked with improving the outside of your building? Or perhaps you’ve got to get some soil moved for landscaping and need a truck for the job. If so, it’s time for you to learn more about excavator costs.
Price changes based on excavator brand, size, horsepower, and more. So, to get a better idea of how much you’re going to spend on this piece of heavy machinery, you should know some of the basic aspects when comparing excavators.
Keep reading below to find out everything you need to know about excavator costs.
How Much Does a New Excavator Cost?
How much does an excavator cost? How much does a new excavator cost? The answer to both of these questions largely depends on the size and type of excavator you need, as well as the specific features and accessories you want.
However, as a general rule of thumb, you can expect to pay anywhere from $100,000 to $850,000 for a new excavator. This is just a rough estimate and your actual costs may vary depending on your specific circumstances. One Excavator tips you need to consider is the purpose of buying the excavator.
How Much Does a Used Excavator Cost?
If you don’t have enough budget for a new excavator, you might want to get a used excavator as a second option. It has the same excavator benefits with little to minimal issues.
Used excavators typically sell for 25 to 50% of their original price. The cost of a used excavator depends on the age, size, and condition of the machine. If you’re looking for excavator options try going online and view selection of excavators conveniently.
How Much Does It Cost to Rent an Excavator?
The average cost to rent an excavator for a week is around $2250 to $4640. The daily rate for an excavator rental is generally between $900 to $1,750.
The weekly rate is often discounted by 20-40%. Most excavation projects will require at least a week of rental time, so it is important to factor in the weekly rate when budgeting for an excavator rental.
There are excavator cost guide that can impact the cost of renting an excavator. The first is the size of the excavator. The larger the excavator, the more it will cost to rent.
The length of the rental also matters. The longer the rental, the more it will cost. And lastly, the location of the rental as it will likely cost more than if it is being rented in a city.
Additional Accessories for Excavators and Cost
There are many different types and sizes of excavators, and their prices vary depending on the model and accessories. Some common excavator accessories include buckets, thumbs, and hydraulic breakers.
These accessories can be used for a variety of tasks, such as digging, trenching, and demolishing. The cost of additional accessories for an excavator can range from a few hundred dollars to several thousand dollars.
Research the Excavator Cost Before Buying One
The average excavator costs between $100,000 and $850,000. If you are thinking about purchasing an excavator, be sure to do your research to find the right one for your needs.
If you need an excavator for your business, be sure to calculate the cost of owning and operating one to ensure it is the right investment for you. You can also check with your local equipment rental company to see if they have excavators available for rent.
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