When you work paving driveways, constructing buildings, or installing water systems, you need the right equipment.
Without the right machinery, you cannot complete your projects quickly and effectively. Thus, you want to seek out heavy industrial machinery because it can do the jobs of many individual machines.
A common type of heavy machinery is an excavator. You can use it to dig holes and move or transport different materials.
Considering buying your excavator? Before you do, you should know the excavator cost. The more you spend, the more features you get.
So let’s find out, how much do excavators cost.
Wondering How Much Do Excavators Cost?
Excavators can be purchased new or used, and the cost varies greatly depending on the make, model, and year of the excavator. A new excavator can cost anywhere from $100,000 to $500,000, while a used excavator can cost as little as $10,000.
Excavators can be rented by the day, week, or month, and the cost of renting an excavator varies depending on the size and type of excavator, as well as the length of the rental period.
Cost Of Additional Excavator Accessories
The potential costs of additional excavator accessories can quickly add up. For example, an excavator/boom mulching head 5-10 tons can range in price from $1,000 to $1,1500, while a thumb attachment can cost upwards of $3,000.
If a GPS is desired, that can add $2,000 to the total bill. As such, it is important to weigh the costs and benefits of any additional excavator accessories before making a purchase.
To view more parts and accessories, check them out here.
Other Factors That Can Affect Excavator’s Total Purchase Cost
Other factors can affect an excavator’s total purchase cost, including the transaction fee, taxes, transport, and financing.
Transaction Fee
This fee is a charge that is paid by the buyer to complete the purchase. It is typically a percentage of the total purchase price and can range from a few hundred to a few thousand dollars
Taxes
If the excavator is being purchased for a business, the business may be required to pay state and local taxes on the purchase. The amount of these taxes will vary based on the location of the business and the excavator being purchased.
Transport
If the excavator is too large or too heavy, it may need to be transported by a specialized transport company which will add to the cost. The excavation site itself can also affect transport costs, if it is inaccessible or difficult to reach then this will add to the cost of getting the excavator to the site.
Financing
When considering financing, be sure to factor in the interest rate, as this can add a significant amount to the total cost of the excavator. If you want the best excavator, you should start by reading some reviews.
Simple Guide on Buying An Excavator
If you’re in the market for buying an excavator, this article will help you select the right one for your needs. Be sure to consider the excavator’s size, weight, capacity, and intended use before making your purchase.
With a little research, you can find the perfect excavator to get the job done.
To learn and understand more about how much do excavators cost, keep checking out our blog!
