How much does it cost to lease an excavator?

Leasing a $75,000 excavator will cost $1,000 to $2,000 monthly. A lease for a $200,000 machine will cost $4,000 to $6,000 monthly. Excavators are a familiar site anywhere construction is taking place.

What does it cost to lease a mini excavator?

Cost of Renting a Mini Excavator

Daily rates generally range from $150 to $500. Weekly rates often fall in the $800 to $2,000 range. Monthly rates can reach $2,500 to $4,000.

How much does it cost to run an excavator?

Average Excavator Hourly Rate

Average hourly rates tend to vary greatly due to location but tend to run between $120 to $150 an hour. That rate includes both the equipment and the operator and often comes with a minimum number of hours – typically at least one day or eight hours.

How much does it cost to rent a Caterpillar excavator?

Daily Plans

The average daily excavator rental cost is between $350 and $1600, depending on the heavy equipment size. Smaller excavator models are cheaper to rent than larger machines like the caterpillar 375.

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Should I rent or buy an excavator?

Renting an Excavator Pros

Cost – If your needs are short term, renting an excavator is much more economical than buying one. You can rent an excavator for several months for less money than the cost of most excavator downpayments. And if the machine breaks down, you’re usually not liable for the repair costs.

Is it worth buying an excavator?

If you’re going to make frequent use of an excavator, then purchasing one can be a more efficient use of money than renting one for each and every project. Excavators are both highly reliable and durable, but expensive pieces of equipment to buy new, so in a lot of cases purchasing them second hand makes more sense.

How long can you finance an excavator for?

Terms are typically 12–72 months and will vary by loan option and lender.

How much does it cost to run an excavator for an hour?

An excavator operator’s average cost is between $20 and $50 per hour.

How much fuel does an excavator use per hour?

It all depends on the excavator. A cat 330 will use between 10 and 14 gallons per hour. And an Hitachi 350 or Komatsu 300 will use between 5 and 8 gallons per hour.

What is the useful life of an excavator?

Falling Resale and Hours Keep Excavator Costs Climbing

Contractors take the average hydraulic excavator out of primary production at about 6 years, or 9,800 hours of use. With average component lives, only the engine is untouched.

How much does it cost to rent a long reach excavator?

Depending on the excavator size and power, you should expect to spend between $900 and $1,750 a day to rent one. With monthly excavator rental plans, the cost will be between $2,250 and $4,640 a week.

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How do I choose the right size excavator?

Consider the following top specifications to match an excavator to your job:

  1. Engine power. You need an engine strong enough to get around your jobsite and perform tasks. …
  2. Weight. Focus on the maximum operating weight, which will cover the equipment, operator and load options. …
  3. Size. …
  4. Bucket capacity.

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How deep can a mini excavator dig?

A 4,000- to 6,000-pound mini excavator can dig a 10-foot-deep hole. Larger 10,000- to 12,000-pound mini excavators allow dig depths as deep as 14 feet.

Is renting equipment worth it?

If it’s a short term job, or you need a specialized piece of equipment for a one-off job, then renting may make more sense. … If you’re working on a long project, or if you’ve got several jobs on the horizon, then buying probably makes better sense given that rental costs add up quickly the longer a job goes on.

Should I buy a used mini excavator?

Keep an Eye on Used Equipment Values

Depending on market conditions, buying used could get you into a late-model compact excavator at a fraction of the cost of a new machine. … These relatively low-hour units may sell for 40% less than new, meaning you could buy a nearly new $50,000 machine for $30,000.

Special equipment and operation