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.
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 better to rent or buy an excavator?
Cost – If your needs are short term, renting an excavator is much more economical than buying one. You can rent an excavator for several months for less money than the cost of most excavator downpayments. And if the machine breaks down, you’re usually not liable for the repair costs.
How much does it cost to run an excavator per hour?
Average Excavator Hourly Rate
Average hourly rates tend to vary greatly due to location but tend to run between $120 to $150 an hour. That rate includes both the equipment and the operator and often comes with a minimum number of hours – typically at least one day or eight hours.
What does a Kubota mini excavator cost?
A Kubota excavator will cost as little as $20,000 for a small used model or as much as $140,000 and even more for a very large full sized new model.
Is it worth renting an excavator?
If it’s a short term job, or you need a specialized piece of equipment for a one-off job, then renting may make more sense. … And a multi-purpose piece of equipment (loaders, excavators, skid steers, forklifts, trucks etc.) that can be used for various projects is a great asset on any jobsite.
Is owning a excavator profitable?
Owning your own excavator can be extremely profitable under the right conditions. First off purchasing a reliable excavator which is of size to do substantial work or heavy lifting is also going to require a nice big loan if you don’t have cash on hand, average about 50 to 60 thousand for a used excavator average size.
What are the advantages to a small contractor of renting equipment instead of owning?
Renting or leasing equipment avoids the upfront costs associated with purchasing, and allows businesses to better allocate their financial resources. When you own equipment, you also have to consider the cost of maintenance and repair.
How much fuel does a mini excavator use per hour?
This, combined with the fact that as a secondary machine a compact excavator can go years with only minor wear-part replacement, means that you get good value for your money over a long period of time. Fuel use on Bobcat’s E35 averages 1.2 gallons per hour, a 20-percent increase in efficiency over the E331 it replaces.
How many hours is too much on an excavator?
Lifespan of 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.