Contractors looking for a versatile piece of machinery to add to their fleet may consider a mini excavator. But before making a purchase, it’s essential to know how much a mini excavator will cost.
After all, excavators are a significant investment, and you’ll want to be sure that you’re getting the most bang for your buck.
Here’s what you need to know about mini excavator prices.
The average price of a mini excavator.
Prices for mini excavators can range from $15,000 to $100,000. The specific cost of any given model will depend on factors like its size, features, and intended use. For example, a small mini excavator designed for homeowner use will cost less than a large excavator built for commercial applications.
Here’s a closer look at other things that can affect mini excavator prices.
Size of the equipment.
Mini excavators come in various sizes, from models that weigh less than 1 ton to those that tip the scales at more than 8 tons. The size of the machine will have a direct impact on its price. In general, larger models with more horsepower and digging depth will cost more than smaller units.
While size is an essential cost factor, it should also be vital for the type of job you’ll be using the machine for. A small excavator might be less expensive, but it may need more power or digging depth to get the job done right.
Unique features and upgrades.
The number and types of features offered on a mini excavator can also affect its price tag. Excavators with air conditioning, heaters, enclosed cabs, and hydraulic thumb attachments will cost more than basic models with fewer bells and whistles.
If you’re using your mini excavator daily, it’s worth considering paying extra for additional features that will improve your productivity and make your job easier. However, if you’re renting it out or using it occasionally, you might get by with a less feature-rich model.
Big brands cost big bucks.
As with any machinery, certain brands tend to command higher prices than others. If you’re looking at mini-excavators made by Caterpillar, John Deere, Volvo, or Bobcat, you can expect to pay a bit more than the going rate for an off-brand model. However, brands such as Yanmar or Komatsu, although less well-known in North America, offer quality excavators at a lower price.
Take a close look at each brand and what they offer regarding warranty, reliability, and routine maintenance. While you might pay more for a well-known name brand, you might get more than other essential support.
New vs. used mini excavators.
It’s also worth considering the age of the mini excavator when evaluating its price. A brand-new model straight from the factory will cost more than a used excavator several years old. Of course, you’ll need to weigh the pros and cons of buying new versus used before making your final decision.
Some used equipment is well taken care of and lightly used; however, some have been used daily and have a lot of hours on them.
Consider the condition.
The condition of the mini excavator is another crucial factor to consider when assessing its value. A well-maintained machine in good working order will command a higher price than one that’s been neglected and needs repairs.
An excavator needing repairs could cost you thousands of dollars in the long run. So be sure to have a qualified technician inspect any used model before you make your purchase.
Ready to buy your mini excavator?
When it comes time to buy a mini excavator, there are several things that you’ll need to take into account to get an accurate estimate of how much it will cost.
Each of these factors can impact the price tag, from size and features to brand and age. By keeping all of these pricing factors in mind, you’ll be able to ensure that you’re getting the best possible deal on your next mini excavator purchase.
