How Much Do Excavators Cost This 2022?

August 16, 2022

 

Excavators are amazing machines. They dig holes in the ground, dig up dirt, and move it around. As such, they can be used for a wide range of jobs, including digging foundations for buildings and homes, digging trenches for pipes and other utilities, and landscaping work such as building ponds or moving top soil around your yard.

The cost of excavators varies depending on the manufacturer and dealer, but several factors affect the price you pay. Generally, you can expect to pay between $100,000 and $500,000 for a new excavator from a reputable manufacturer like Hawk, Komatsu, or Caterpillar. If you’re on a budget, you can get a mid-range one for $29,700 to $48,700.

Different prices for different sizes

One thing to note about excavators is that they do not come in just one size. Whether it’s a swamp excavator, long arm excavator, or super long reach excavator, the same rules apply.

Many different sizes are available to meet your needs depending on what you are trying to achieve with your project. If you're looking for a smaller machine (from 10 to 15 tons), the cost will be from $75,000 to $150,000.

However, if you want something larger than 15 but not more than 20 tons, expect prices to go over $200,000. If you want a full-size one that weighs 30 to 40 tons, you need to prepare somewhere between $150,000 and $500,000.

The price of an excavator will also depend on its accessories, such as bucket size or whether it has electronic controls instead of manual ones, which can cost from $10k up to $25k extra depending on the features chosen.

Well-known brands offer excellent deals on their used machines but are still not cheap. Other options are available if you're on a budget, too - like buying second-hand off eBay or other online sites. However, take note that sites don't always vet sellers properly, so there's no guarantee that what you see advertised will turn up at your house.

 

Excavators are expensive, so it is important to consider the used option. Most previously-owned excavators are sold at a discount. New ones range from $100,000 to $500,000. This only means used models would cost somewhere between $50,000 and $250,000.

A dealer or auction house is the best way to find a good deal on a used excavator. You can also check online classified sites and auctions for additional options.

Used excavators can be purchased at a wide range of prices. The number of hours worked, and the age of the machine are the two most important factors that influence the cost of used excavators.

  • A medium-sized excavator used for five years or at least 2,500 hours may cost $50,000 to $100,000.
  • A mid-sized excavator used for two years would cost anywhere from $75,000 to $125,000.

The number of hours a used excavator has logged will influence the cost of that machine. For example, a ten-year-old excavator used for 4,000 hours usually costs $200,000 and the same machine with over 10,000 hours sells for only $75,000 or $125,000.

How much does it cost to rent an excavator?

New excavators are a significant investment. They come with maximum power, top efficiency, and better fuel consumption. However, they are expensive to purchase. You can experience all these benefits without paying a hefty amount upfront if you opt to rent them out instead.

Renting an excavator can be less expensive than buying a new one and also frees you from having to deal with maintenance and repairs.

Most excavator rentals will cost you between $900 and $1,750 daily. But if you're renting a high-end brand, size, or age of excavator, the price can go as high as $3,500 per day.

 

Things to check when buying or renting an excavator

Before you purchase or look for long reach excavator rental services, you should consider the following:

Size of the excavator

The size of your excavator will depend on the size of your project. For example, if you are working on a small project that requires a small amount of dirt to be moved, then a smaller-sized excavator would be more suitable for this type of job. However, if you're managing a large-scale project with lots of dirt to move around, you might need a larger-sized excavator.

Weight capacity

Another important consideration when purchasing an excavator is its weight capacity. This refers to how much weight can be lifted by the machine and any equipment attached to it, such as buckets or scoops (if present).

For your excavator to operate safely and efficiently while doing its job, it must have adequate weight capacity so that it will not tip over while moving heavy materials around during operation. If there were no limits on how a machine could lift much weight, there would not be any point in having rules about maximum weight limits because nothing could ever go wrong!

Size of the job

If you require digging a small hole in your garden or a large trench for laying pipes, you would need a small machine. However, if you want to dig up vast chunks of earth or move them over long distances, you will need a large machine.

Type of soil

If there is rocky soil, the machine should have solid teeth and blades to cut through rocks instead of just pushing them aside with its bucket. Other devices usually do this process when they encounter hard surfaces during their workday.

Whereas, if there are soft soils like clay or sand around where you live or work, there will be no need for special attachments because these types of dirt can easily be moved around with just one bucket at hand.

Fuel Consumption

Fuel consumption is an important consideration when choosing an excavator. The amount of fuel consumed by your excavator can vary depending on the machine you buy, its engine's power, and how much you use it.

If you plan to use your excavator for long periods, it may be worth investing in one with a smaller engine, so it doesn't use as much fuel.

In addition, consider whether or not your excavator will be used in extreme weather conditions—such as rain or snow—as this can affect its performance and overall capability to do its job.

Undercarriage Options

Undercarriages are a vital part of any excavator and can be made from steel or aluminum. Steel is more durable than aluminum but weighs more, so it takes more fuel to move around.

Aluminum undercarriages are lighter and easier to maneuver, but they're not as strong as steel undercarriages. Because of this, you might consider what kind of work you plan on doing with your excavator before deciding which type of undercarriage is best for you.

Be wise in investing!

Excavators are an essential tool for construction companies but can be expensive. The best way to get a good deal on an excavator is to shop around and compare quotes from different vendors. You should also make sure to read product reviews before you buy one.

 

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