Mini Excavator Cost: New vs. Used, Buy vs. Rent vs. Hire
We’re keeping tabs on mini excavator cost trends so you can remain up-to-date, whether you plan to buy, sell, rent, or are just researching. Here’s a comparison of mini excavator prices to buy new, buy used, and rent in 2024:
A new mini excavator costs $20,000 to $100,000, depending on size, brand, and features. Used mini excavators are priced between $10,000 and $50,000 based on condition and specifications. Renting one costs $150 to $350 per day, while hiring with an operator costs $100 to $200 per hour.
Need larger machinery for your projects? Explore our full-size Excavator Cost page to find the best fit for your needs.
Understanding Mini Excavators: An Overview
Mini excavators, also known as compact excavators, are powerful tools for construction and landscaping. This type of excavator weighs between 3,000 to 10,000 pounds. This makes them perfect for precise work in small spaces.
What is a Mini Excavator?
A mini excavator is a smaller version of the full-sized excavator. It's built for efficiency and easy movement. Despite its size, it has strong digging power and versatility. Mini excavator prices range from $20,000 to $100,000 for new ones. Used models can cost a few thousand dollars up to $60,000.
Common Uses in Construction and Landscaping
Mini excavators are used in many ways in construction and landscaping. They are great at:
- Digging trenches and foundations
- Demolition work
- Grading and leveling
- Landscaping and garden renovation
- Installing drainage systems
Key Features and Benefits
Mini excavators are popular for their features. Some key ones include:
- Compact size for easy transport and maneuvering
- 360-degree rotation capability
- Adjustable tracks for stability on various terrains
- Attachments for increased versatility
Using a compact excavator has many benefits. They are more productive, use less fuel, and cause less damage. Their versatility and ease of use make them a cost-effective choice for many projects. This is why they are becoming more popular in the construction industry.
Factors Influencing Mini Excavator Cost
Mini excavator prices change a lot because of different factors. The brand, size, and features are key. For example, Bobcat mini excavators, known for quality, cost between $30,000 and $90,000 for new ones.
Size is very important. Smaller machines, around 1,000 pounds, cost less than the bigger 20,000-pound ones. The price also goes up with extra features and attachments like buckets and hydraulic hammers.
When looking at the cost of a mini excavator, remember the extra costs. These include transport, storage, taxes, permits, and licenses. Also, think about ongoing costs like fuel, maintenance, and insurance.
| Cost Factor | Impact on Price |
|---|---|
| Brand | High-end brands like Bobcat command premium prices |
| Size | Larger models cost more than smaller ones |
| Features | Advanced features increase the price |
| Attachments | Each attachment adds to the total cost |
| New vs Used | New models are pricier but offer latest technology |
Used mini excavators can be cheaper, but you need to check them well. Whether new or used, you can get financing. This makes buying these machines easier.
New Mini Excavator Prices
The cost of new mini excavators varies a lot, from $29,900 to $75,000. This range depends on size, brand, and features. The brand of the mini excavator also affects the price, with famous brands costing more.
Price Ranges for Different Sizes and Brands
Mini excavators under 4 tons usually cost between $20,000 and $40,000. Those in the 5-8 ton range can go up to $65,000. The biggest ones, 8-10 tons, might cost about $80,000.
Premium brands like Caterpillar, John Deere, and Bobcat can make prices go up to $90,000 or more for their best models.
| Brand | Model | Price Range |
|---|---|---|
| Caterpillar | 308E2 | $87,900 - $94,900 |
| John Deere | 30G | $52,000 - $55,000 |
| Kubota | KX040-4 | $50,000 - $80,000 |
| Bobcat | E26 | $40,000 |
Additional Costs: Attachments and Accessories
Don't forget to budget for mini excavator attachments. Buckets cost between $1,500 and $2,000. Compactors are $3,500 to $6,000. Hammers, a popular choice, are $4,500 to $8,000.
These attachments can increase the total cost but make the machine more versatile.
Financing Options for New Mini Excavators
Financing options can make mini excavators more affordable. Many makers offer low-interest plans, sometimes as low as 0% for 48 months. These plans help spread out the cost, making it easier to buy a new mini excavator for your projects.
Used Mini Excavator Prices
Buying a used mini excavator can save you a lot of money. Prices range from $10,000 to $50,000, depending on the machine's condition and age. This is 20% to 40% less than what you'd pay for a new one.
There are 1,890 used mini excavators for sale, with 904 already sold. The machines have been used for anywhere from 6 hours to 4,237 hours. This affects the price, with machines used less often costing more.
- Age and condition of the machine
- Number of operating hours
- Brand reputation
- Maintenance history
- Available attachments
Construction equipment prices have gone up by 10.6% in 2022 and 8.8% in 2023. This makes used mini excavators a great choice for those on a budget. Look for well-maintained machines with reasonable hours to save money in the long run.
Mini Excavator Cost: Buying vs. Renting
Deciding to buy or rent a mini excavator affects your project's budget and efficiency. We'll look at the pros and cons of each option to guide your choice.
Pros and Cons of Buying
Buying a mini excavator means you have it 24/7. It can save money in the long run. About 75% of contractors prefer to buy these machines.
Owning gives you more control over your schedule. It's great for projects in utility, residential, and commercial construction. New mini excavators need little maintenance for the first two to three years.
Advantages and Disadvantages of Renting
Renting is flexible and costs less upfront. It's perfect for short tasks or when money is tight. About 25% of contractors rent mini excavators.
Renting means no maintenance worries. It lets you use the best machines for your project without a long-term commitment.
Cost Comparison: Long-term Ownership vs. Rental
Consider how often you'll use the excavator. For over 60% use and 22 days a month, buying is better. For less than 40%, renting saves money. Rental costs are $3,500 to $4,000 monthly.
| Factor | Buying | Renting |
|---|---|---|
| Upfront Cost | $10,000 - $30,000 (used) | $1,000/week on average |
| Long-term Cost | Lower for frequent use | Lower for occasional use |
| Maintenance | Owner's responsibility | Included in rental |
| Flexibility | High for various projects | High for short-term needs |
The choice between owning or renting a mini excavator depends on your needs, project length, and budget. Think about these factors to find the best option for your business.
Rental Rates for Mini Excavators
Mini excavator rental rates change based on several things. The price depends on the brand, model, and where you are. Brands like GEHL and WACKER NEUSON have different prices. The type of ROPS (Roll-Over Protective Structure) also affects the cost.
The cost per day is usually between $400 and $600. For longer jobs, the monthly rate is between $2,000 and $4,000. The hourly rate is about $200. Prices can change based on the machine's power, with some having 20.4 HP.
How long you use the excavator also matters. Machines with 403.1 to 985 hours of use have different prices. Many rental places need you to call them for exact prices.
| Rental Period | Average Cost Range |
|---|---|
| Hourly | $200 |
| Daily | $400 - $600 |
| Monthly | $2,000 - $4,000 |
Remember to add extra costs when thinking about renting a mini excavator. These can include operator fees (about $40/hour) and attachment rentals (around $400/day). Knowing these costs helps you plan your project budget better.
Hiring a Mini Excavator with an Operator
Mini excavator hire with an operator is great for certain projects. It combines renting equipment with skilled labor. This gives you a full solution for your excavation needs.
Benefits of Hiring with an Operator
Choosing an excavator with an operator means you get expert help. Skilled operators work fast and safely. This is perfect for those new to excavation or facing tough challenges.
Cost Considerations
The cost of a mini excavator operator depends on your project. Rates are usually $100 to $200 per hour. For a full day, expect to pay $800 to $2,400. These prices include fuel and basic maintenance.
| Service | Hourly Rate | Daily Rate (8 hours) |
|---|---|---|
| Mini Excavator with Operator | $100 - $300 | $800 - $2,400 |
| Operator Only | $50 - $150 | $400 - $1,200 |
When to Choose Hiring Over Renting or Buying
Mini excavator hire is best for short-term projects. It's a smart choice for jobs that last a few days to a week. It's also good for unique tasks that need professional skills.
By choosing an excavator with an operator, you save on training and maintenance. It's a cost-effective way to get top-notch machinery and expertise. You don't have to worry about the long-term costs of owning equipment.
Maintenance and Operating Costs
It's important to know the costs of mini excavator maintenance and operation. Fuel use is a big part of excavator operating costs. For example, the Bobcat E35 uses about 1.2 gallons per hour. This can save a lot of money over time, like $1,200 over five years at $2.50 per gallon.
The cost of maintaining a mini excavator depends on how much it's used and how well it's taken care of. Machines in the 3- to 4-metric-ton range are used 350 to 400 hours a year. They can last four to five years with good care. Regular parts, like a 24-inch bucket for $675, are also part of the costs.
Manufacturers offer different maintenance packages to help manage these costs. For example, Cat has packages from one to five years. These include things like regular maintenance kits and parts delivery for used machines. Choosing the right package can help keep maintenance costs down and ensure the machine works well for a long time.
FAQ
How much does a little excavator cost?
A small or mini excavator typically costs between $20,000 and $50,000, depending on the brand, model, size, and features. Used models can be cheaper, ranging from $10,000 to $30,000, while premium models with advanced technology may cost more.
Are mini excavators worth it?
Yes, mini excavators are worth it for small construction projects, landscaping, and jobs with limited space. They offer excellent maneuverability, lower operating costs, and versatility, making them valuable for tasks like digging, trenching, and grading in tight areas.
How much is an excavator worth?
An excavator's value can range from $50,000 to $500,000 depending on its size, age, brand, condition, and attachments. Large, heavy-duty models typically cost more, while used excavators may be significantly less expensive.
Can you make money with a mini excavator?
Yes, you can make money with a mini excavator by offering services such as excavation, landscaping, and small construction jobs. These machines are ideal for specialized tasks in confined spaces, making them highly sought after for residential projects.
