The average cost of renting a mini excavator may range between $206 and $625 per day. The more accessories an excavator has, the more expensive it would cost to rent.
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.
How much can you rent an excavator for a day?
Mini-excavators usually rent between $200 and $500 a day, while heavy-duty excavators that are meant for mining work can rent for up to $3000 a day. Mid-range models go for $400 to $1200 a day.
How much does it cost to lease an excavator?
Lease rates vary based upon a number of factors, including the price of the excavator, the length of the lease and your credit history. Monthly payments for a $75,000 excavator would probably run $1,000 to $2,000 for a 60-month lease; $2,000 to $3,000 for 36-month lease; and $6,000 to $8,000 for a 12-month lease.
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.
Should I rent an excavator?
Renting definitely makes more sense for a short-term, seasonal, or one-off job. If you foresee consistent projects ahead, then buying may be more cost-effective in the long-run. However, you also have to consider ownership costs, such as maintenance, repairs, insurance, license fees, etc.
How much is it to hire a mini digger for a week?
Hiring a mini digger isn’t as cheap as you might think, and though there are some reasonable daily rates, upfront deposit costs can be a nasty surprise. On average, a 5-ton mini digger will cost between £60 and £95 for a day, and £350 to £400 for a week.
How many hours is a lot for an excavator?
I think the ‘sweet spot’ for value on an excavator is somewhere in the 2000-3000 hour area, and then the 6-8000 hour area. Over 10000 can still be a good machine, but could be close to a 15k engine or pump, plus most 10k on up machines I see the u/c is getting weak.
How much does a excavator cost 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.
How deep can 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.