Question: How much does it cost to lease 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 lease an excavator?

Summary: Excavator Lease Rates

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.

How much is a monthly payment on a mini excavator?

Between $900 and $1,000 per month for a 36-month lease. Between $1,200 and $1,500 per month for a 24-month lease.

How much does it cost to rent a small excavator?

Get Free Price Quotes

Mini excavators have an average rental cost between $200 and $500 per day, with heavy-duty models costing as much as $3,000 per day. Mid-range models have an average rental cost between $400 and $1,200 per day. Renting by the week or month typically saves costs on larger or longer projects.

IT IS INTERESTING:  Where are CAT excavators made?

Can you make money with a mini excavator?

Turning your excavator into a profitable stream of income is not as difficult as it may seem. The best ways to make money with a mini excavator is by renting it out, doing small demolition and snow removal jobs, selling it entirely, doing hot tub/pool excavation, and helping companies with loading/unloading.

Is renting a mini excavator worth it?

Renting a mini excavator is only a good deal if you need the equipment on a very short-term basis – usually just a matter of months, at the most. If your monthly lease payment is $3,000, you’ll spend $9,000 in the span of three months – more than you might spend for a year’s worth of lease payments.

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?

60 months (5 years) — $525 to $625 per month.

Can you finance an excavator?

If you don’t plan to pay cash up front, you can do either an excavator loan or a excavator leasing. … with financing, you own the equipment at the end (for a final payment of one dollar)

What is equipment financing loan?

Equipment financing is a type of small-business loan designed specifically for the purchase of machinery and equipment essential to running your business. You can use an equipment loan to purchase anything from office furniture and medical equipment to farm machinery or commercial ovens.

IT IS INTERESTING:  How much is it to hire a mini excavator?

Does Home Depot rent excavators?

Large Equipment Rental

We have all of the pro-grade large equipment you need to get any big job done. Skid steers, excavators, dump trailers, tractors, lifts and shredders are just some of the types of heavy equipment we offer to help you with whatever the job requires.

How deep does 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.

Can a mini excavator remove stumps?

However, can the mini excavator remove stubborn stumps? Yes, you can remove tree stumps with a mini excavator, but of course, there is a limit to how big a tree stump it can remove. For smaller stumps, a mini excavator can simply pull it out.

How many hours is too many on a mini excavator?

A high quality, well-maintained mini excavator (aka, compact excavator) has a maximum lifespan of about 10,000 hours. Heavy use and poor maintenance can quickly reduce that to about 8,000 hours.

What is the hourly rate for a mini excavator?

Bobcat Mini Excavator Operators for hire – Rates

Delivery Discount Minimum hours Rate
50% 4 $90/hr
50% 8 $85/hr
50% 4 $110/hr
50% 8 $100/hr

Do mini excavators hold their value?

Price comparison

Excavators hold their value well. While excavator value places a lot of emphasis on hours used, additional factors may be used when determining value for new and used excavators including the year the model was made, which attachments are included, overall condition, etc.

Construction brigade