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Is Buying Excavators A Good Investment?
Imagine winning a construction contract, and you don't have excavators? How would you go about excavation, breaking rocks, or moving waste?
Every construction work needs one - excavators are critical pieces of equipment to execute large-scale digging and carry out construction works. With this equipment, your work is not only quicker but also more straightforward.
So, is an excavator a must-have piece of equipment? Usually, all construction projects involve a lot of digging, and you will need excavators at some point in the project's lifetime. Besides making the work much doable, it will help you save a lot of money and time. But, how much does an excavator cost?
Most new full-size excavators cost between $100,000 to $500,000 and higher. The prices of new excavators vary depending on several aspects, such as the brand and performance. Other factors, such as the size, features, and attachments included, will influence the price of a new excavator.
New excavators have numerous benefits. First, they come with maximum power, top efficiency, and better fuel consumption. However, these machines are pretty expensive to purchase.
There is no denying that excavators are costly, and that's why it is advisable to consider the used option. Most used excavators are available on a discount basis, from 25 to 50% of the original cost. The majority of new excavators range from $10,000 to $500,000; so used ones will cost between $50,00 and $50,000. The number of hours worked also influences the cost of used excavators.
With 2,500 hours and five years of use, a medium-sized excavator would cost around $50,000 and $100,000. If you opt for a two-year-old mid-sized excavator, you will pay from $75,000 to $125,000 depending on its condition. Another aspect that will dictate the price of used excavators is the number of hours logged. For instance, the cost of a ten-year-old Cat 345B logged for 4,000 hours might cost around $200,000. If the same machine has over 10,000 hours of use, the price will reduce significantly to $75,000 and $125,000.
The advantage of buying a used excavator is that it is easy to find one that is within your strained budget. However, getting a used excavator is also disadvantageous in a way. For instance, the performance and efficiency of a used excavator cannot match that of a new one. Secondly, used excavators will attract a high maintenance cost.
Excavators, also referred to as backhoes, are standard earthmoving vehicles featuring movable tracks, a rotating cab, an arm, and a bucket.
These elements offer excellent digging power and mobility, making it easy for you to carry out various functions, including excavating, lifting away waste, breaking holes, and digging trenches.
Excavators come in different types and sizes. Some large excavators feature a variety of tools for heavy-duty projects and smaller machines for handling drilling and digging functions.
Common excavators include long-reach excavators, skid steer, suction excavators, dragline excavators, and crawlers. It is advisable to be careful of your choices when renting or buying an excavator with all these varieties.
Excavators are available in different configurations, all to meet diverse project needs.Some excavators are designed for heavy-duty tasks, while others are designed for small jobs, such as efficient trenching and digging or precise soil excavation. Whether you need a full-size excavator or a mini one will depend on the task at hand.Let’s dive into each one of these categories to understand them much better.
Mini-excavators are differentiated by their weight. Any excavator that weighs less than seven metric tons is considered a mini-excavator. These types of excavators, also known as compact excavators, are ideal for smaller job sites. This is because they can maneuver small spaces, especially during landscaping jobs like digging trenches for piping. Another significant feature of a mini-excavator is the zero or near-zero tail swing. This factor makes operating the excavator between structures and around buildings easy and comfortable without worrying about destruction. If your project is at a site with numerous underground gas lines and pipes, you will be more safe and successful using a mini-excavator than large digging backhoes.
This category includes excavators weighing between seven to 45 metric tons. When you have a commercial construction project, these are the types of excavators to consider.
These excavators come with excellent hauling capacity and optimal power to deal with any demanding construction tasks. The majority of full-size excavators consist of various work tools that can be used in different projects.
Just like the mini-excavators, full-size excavators are easy to work with, guaranteeing improved productivity. However, they are not the best choices when working in a tight site—their tail swing, reach, and size can interfere with and damage nearby structures.
When choosing the most suitable excavator for your project, it is essential to consider the quality and reputation of the brand you are getting, regardless of the size. When trenching, dredging, excavation work, earthmoving, or demolition tasks are involved, it calls for an excavator brand designed for peak performance and efficient work. So, what brands of excavators are in the market? Here are some of the top brands of excavators you can consider in your next project.
The odds are you have seen or even used a Caterpillar excavator once. This brand is very popular. It is considered one of the most notable excavator brands. One of the reasons is its new additions in tech, like air conditioning and smartphone connectivity. What’s more, this brand boasts the latest safety features, durability, and ease of operation. Being among the pioneers in the industry, the Caterpillar excavator brand has crafted a name for itself as one of the best choices for heavy lifting.
The Komatsu brand of excavators stands out for several reasons, including fuel efficiency, reliability, and high productivity. This brand is known for excavator types that require low upkeep and little maintenance, such as the PC200.
The Komatsu brand of excavators has had some notable construction innovations in recent years. For instance, Komatsu excavators embrace various technologies, including the Komatrax and Intelligent Machine Control and innovative construction technology. All these innovations are aimed at boosting the productivity and efficiency of the machines.
If you are looking for control, durability, comfort, and power, the Case brand of excavators is the brand for you. The manufacturer has an extensive product line ideal for numerous types of work, including all earthmoving needs. One of the brand’s notable mid-range excavators is the versatile CX210C.
Unmistakable durability and control, superior comfort, power, and fuel efficiency best define the Volvo brand of excavators. Volvo is one of the leading brands of excavators that believe in people empowerment, innovation, and sustainability.
JCB brand offers a wide range of impressive excavators. This brand is known for its excavators that have incredible power. This brand’s top-level efficiency and high-performance abilities will guarantee you ultimate productivity, whether handling a small or large-scale construction project.
A mini-excavator isn’t something you can wake up one day and buy. It would help if you were careful when making your purchase decisions. Before buying a mini-excavator, the most important aspects to consider are the attachments, versatility, transportation and security, and reliability. When you consider all these, you can be assured of an excavator that can handle all your project needs satisfactorily.
