Investing in a mini excavator can be an excellent decision for construction or landscaping projects. Their compact size and maneuverability can help increase productivity and efficiency on the job site.
The mini excavator price can vary depending on several factors, such as the brand, model, size, and features.
These are the frequently asked questions about mini excavator prices in 2023.
What Are The Prices Of Brands In 2023?
You can expect to pay thousands of dollars or even hundreds of thousands for a new mini excavator in 2023. Of course, used mini excavators can be significantly cheaper.
Check out the average costs of the top brands that sell new mini excavators in 2023.
Caterpillar
CAT 301.6C Mini Excavator Model
One of the company’s smallest mini excavator models — CAT 301.6C, weighs 3,549 pounds with 18 horsepower. The price for this machine starts at $33,000 to $37,000.
However, the CAT 301.6C is a basic model without any custom features. It has a canopy over the operator compartment instead of a full cab.
CAT also offers a mid-size product, the CAT 303.5D. This one has 30 horsepower amounting to around $48,000. It has a canopy and a full cab that weighs 7,8000 pounds.
Lastly, the CAT 808.D model is for those who want a larger model. This unit starts at over $112,000 with 54 horsepower and a full cab.
Bobcat
Bobcat E35l Mini Excavator Model
Bobcat’s new mini excavator units’ average price is approximately $60,000.
A Bobcat E35l model is around $53,000 that operates up to 111 hours with 24.8 horsepower. This product can dig 10 feet and 2 inches deep.
Another people’s choice is the 2018 Bobcat E45 which has 42.6 horsepower with 1100 operating hours. You can buy this enclosed cab for $46,500.
However, you can buy used mini excavators for a lower price. A used Bobcat E10’s price goes from $30,000 and $40,000. This particular Bobcat unit has an extendable arm with operating hours of up to 205.
Kubota
This company has a wide range of mini excavators, all at different prices. You can purchase a second-hand Kubota mini excavator for as low as $18000. However, the costs for fully-equipped massive excavators can go up to hundreds of thousands of dollars.
Komatsu
Mini excavator prices can go as low as $25,000 to as high as $90,000. This price range depends on the unit and its unique features.
What Other Factors Can Affect The Mini Excavator Prices?
Mini Excavator Price Factors
In addition, different dealers and manufacturers may offer varying prices and payment options. It is always a better idea to do your research and compare prices before making a purchase.
Most importantly, it is crucial to remember that the price of a mini excavator does not only cover the cost of the machine itself. It includes additional expenses like taxes, delivery fees, and maintenance costs.
Taxes
The specific tax rates and regulations can vary depending on the location and jurisdiction where the machine is being purchased and used. Generally, two types of taxes can affect the price of a mini excavator: sales tax and use tax.
Sales tax is typically a percentage of the total sales price of the mini excavator to collect at the time of purchase. The sales tax rate can vary depending on the state, county, or city where the sale happened.
In some cases, exemptions or reduced rates may apply if you use the mini excavator for specific purposes, such as agricultural or construction activities.
On the other hand, use tax is applied to items purchased out of state and brought into the state for use. It is generally charged at the same rate as sales tax and follows the mini excavator’s fair market value.
The purchaser pays this tax directly to the state where they will use the machine.
Delivery fees
If the delivery fees are high, they can increase the overall cost of the mini excavator. This means that the final price of your mini excavator, including delivery, will be higher.
Further, the cost of delivery can vary depending on your geographic location. If you are from a remote area or away from the seller, the delivery fees may increase due to distance and logistics.
Maintenance costs
Maintenance costs are necessary to consider when purchasing a mini excavator, as they can impact the total cost of ownership over the machine’s life.
Regular maintenance and upkeep can save you money in the longer run by deterring major breakdowns or repairs. Take note that a mini excavator that has been well-maintained may have a higher initial cost but can save you money on costly repairs down the line.
Is It A Good Option To Purchase A Second-Hand Mini Excavator?
Purchasing a second-hand mini excavator can be a good alternative if you want to save money or are on a smaller budget. However, there are a few facets to consider before making a decision:
Price
It would help to compare the second-hand mini excavator prices to the market price for similar machines. Further, you should check if necessary repairs or maintenance are required to bring the excavator to your desired condition.
Condition
The condition of the mini excavator is one of the most critical factors you must consider. The primary and most important thing you must do is inspect the machine thoroughly and look for signs of wear and tear, damage, or corrosion.
It is also an excellent idea to check the engine, hydraulic systems, and other vital components to ensure they are still functional and operating.
Age and Usage
The age and usage of the mini excavator can also impact its condition and overall value. Generally, a machine with lower hours of operation will be in better shape and have a higher resale value than a heavily used one.
Seller Reputation
The reputation of the seller is also a significant concern. You should ensure that the dealer is reputable and trustworthy and has a good track record of selling quality equipment.
Should You Buy, Rent, Or Hire A Mini Excavator?
The decision to buy, rent, or hire a mini excavator will depend on various factors specific to your situation.
Buying one rather than renting one each time you need it may make more sense if you use the mini excavator frequently. This will also allow you to customize the machine to your needs and preferences.
The size of your project can also impact your decision. If the project is small and requires only a few hours, renting or hiring a mini excavator may be more practical. However, purchasing a mini excavator may be a better option for larger projects requiring extended usage.
Finally, the availability of mini excavators in your area may also impact your decision. If there are few rentals or hire options available, buying a mini excavator may be the best way to ensure you can access the machine when needed.
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