As with most things in life, the cost of an excavator can vary based on a few different elements. Below we’ll look at the primary factors and provide some example prices to help you determine whether or not this machine is in your budget.
Usually, the excavators are on tracks, but there are some models that have wheels. The arm and bucket rely on a sophisticated hydraulic system which unfortunately does not come cheap. Let’s get into it.
Cost of An Excavator
In this case, when you do consider the cost of an excavator, this is where you can easily say size does matter. Like so many other new construction equipment and machinery, excavators will be a significant upfront investment.
A mini-excavator is a well-known piece of equipment. While virtually identical in functionality, it’s generally classed as its own type of machine versus just being a smaller version of it’s big brother. They’re generally around 5 tons and cost between $30,000 to $60,000.
Some smaller machines that can manage about 10 to 15 tons can range in price bracket of $80,000 to $150,000.
Those mid-tier excavators which may have a capacity of handling about 15 to 20 tons could have a price range of $100,000 to $250,000.
Therefore those large excavators handling well over 35 tons are estimated in the cost bracket of about $400,000.
In order to get going in this construction boom, it may be easier to seek out what financing options are available. This may be one of the ways in order to add the excavator machine to the line up.
This easily comes to the forefront, as the amount of manpower that may have been taken on a project is now significantly reduced. The excavator leads to even more efficiency and the redeployment of labor resources to other areas of the project. Therefore the worry of manual labor or even any issue of labor shortage on site is eliminated.
Excavators will help to speed up the amount of work being completed on the site. This is so since with the right attachments you can move from one type of task to another. For example, easily moving from site clearing to trenching. Here, the loss of labor hours is reduced and rather than being performed by many persons is now handled by one piece of equipment. This is done, without losing or compromising on quality.
Sloped area, hard terrain, rocky or uneven, it does not matter. The stability of the excavator remains high amidst whatever surface conditions. The traction is good on any surface.
The excavator is preferred for its versatility; the tool attached to the end of the arm of the excavator can be changed. As mentioned before, change the arm when handling different tasks. The bucket can be used for digging and even some types of trenching. However, change this to another type of arm for loading and dumping or to regrade the work site.
Therefore as you consider the cost of the excavator it is also ideal to consider the application of use and the one which best suits your needs. It is of course recommended that you ask our representatives any other questions which you may have that we can best assist you in making the right decision. You can speak with someone and request a free no obligation quote here!