Source:enspiremanagement.com

If you’re planning on taking on a huge building project, the most important machine you’ll need to obtain is an excavator. With this heavy machinery, you’ll be capable of opting for separate attachments, including things like bucket, dipper, or cab, which means that you’ll be able to utilize it for various tasks. However, to purchase it, you’ll need anywhere from 100.000 to 400.000 dollars.

This is an extremely high price to pay, especially if you won’t use it during the entire construction process, which is why you might be thinking about leasing one. Depending on the excavator type, power, and size, you could expect to pay from $800 to $2.000 per day, while a monthly plan will cost you from $2.200 to $4.600 dollar per week.

However, you should know that there is a wide range of circumstances that’ll influence the overall expenses you’ll have, and in order to determine what suits your budget and requirements best, you’ll have to carefully consider those factors. So, without further ado, let’s look at the things you need to know about:

The Average Leasing Prices

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As you were able to learn from above, there are several rates when it comes to leasing an excavator, mostly because they come in varying sizes, models, but more importantly, they come with distinctive features and accessories. To learn the price you’ll have to pay, you’ll need to consider the power, the size of the bucket, as well as the size of the machine.

Besides this, the location you’ll be operating in, as well as the time period it’ll remain on your site will also influence the overall cost. In most situations, you’ll be capable of finding rental companies such that allow you to lease on a daily, weekly, or monthly basis, and the average prices for all three options are the following:

  1. Daily – generally speaking, it’ll take approximately $300 to $1650 to rent an excavator for a day. Keep in mind, it might cost even more if you choose a larger machine. Additionally, lower-end models will cost less than if you choose higher-end models that are often large and come with various accessories.
  2. Weekly – if you need an excavator on your site for a week, you should know that choosing this plan will save you approximately 35% of the overall expenses. The average price for leasing this heavy equipment for a week will cost you from $1.200 to $5.000. Keep in mind, the ones that are larger and that come with higher power will cost over 5.000 dollars, so, know what you need.
  3. Monthly – as weekly rental saves you more than 35% of the overall price, choosing a monthly plan will save you over 55%! For smaller machines, you should expect to pay around $3.000, however, for larger models, you can expect to pay around 15.000 dollars and sometimes, even more.

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What Will Influence The Overall Price?

You’ve probably noticed that the prices vary quite a lot, which is why you might be wondering – besides the size of the machine, what are some other things that’ll impact the price? Well, there are several things that’ll influence the price, all of which can easily increase or decrease your overall expenses, including the following things:

1. The Accessories You Require

In order for the machine to be utilized for several applications, there are various models that could feature a wide range of attachments of your choosing. If you require these add-ons, you should know that the organization will probably charge you more than they would for a standard model.

In fact, most companies consider the accessories that you could choose as separate rentals, meaning that, if you’re, for instance, planning on using jackhammers of varying sizes, you’ll have to pay an additional 100 to 750 dollars a day. Again, the cost will depend on the accessories you’re planning on utilizing.

2. The Delivery And Pick-Up Expenses

As we mentioned earlier, the price will also depend on your location, since the machine will have to be delivered and picked up t your construction site. If you’re unable to pick it up by yourself, you’ll have to raise your budget for an additional $200 to $2500 for the fees. The charge will rely on the distance between your site and the company you’ll rent the excavator from.

3. You Might Need Someone to Operate The Machine

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If you do some digging online, you’ll see that some excavator rental organizations also provide their own operators, however, for an additional fee. Of course, you can hire your own, but, if you want to ensure that it’s operated by a professional, you’ll need to compensate for their services.

However, it’s not that expensive to lease a worker with the machine, and it’ll only cost about $15 to $55 per hour. Keep in mind, some organizations might include the driver in the rental price, which is why you should always ask whether or not they’ll be sending a worker with the machine as well. Remember, if you’re looking for an operator, you have to ensure that they’re licensed, and more importantly, that they have the knowledge and skills needed, especially since making one wrong move in this machine could cause a lot of expensive problems in the future.

Source:costhack.com

Conclusion

Depending on your needs, budget, and requirements, it might be cheaper for you to lease an excavator than it would be to purchase it. And, as you learned, there are various things that’ll influence the price, which is why you need to ensure that you know exactly what you’ll need for your project.

Besides opting for the model and size of the machine, you must also think about what accessories you’ll require, the power you’ll require, as well as the distance between you and the rental firm. All of this can influence the price, hence, don’t overlook any important aspect, especially since it could easily increase your overall expenses.

So, now that you know everything there is about renting these heavy machines, you might not want to lose any more time – after all, you might be on a deadline. Instead, you should open up a new search tab, and start looking for a rental company that’ll provide you with the equipment you need.

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