How Much Does an Excavator Rental Cost?
An excavator is a piece of heavy construction equipment that has a rotating platform made up of a boom, a bucket, and a cab. An excavator can be quite useful around the home for tasks such as digging holes, foundations, heavy lifts, landscaping and even demolitions.
How much is it?
- On average, plan on spending anywhere from $150 to as much as $1,500 per day to rent an excavator. An excavator with less than 10,000 pounds in hydraulic compact power will cost around $300 to $500 daily, while an excavator less than 3,000 pounds can cost $125 to $300 daily. The costs of renting an excavator will depend on the capacity, the brand, condition, geographical location, duration of the rental and company offering the rental.
- Mini excavators that dig up to 14 feet typically cost around $150 to $400 a day. Larger dozers are going to cost upwards of $1,500 per day.
- For example, MachineryTrader.com lists a handful of rental rates. Here, the rates range from $150 to as much as $3,200 per day. The 2002 CASE CX210 rents for $1,200, while the Bobcat 335 rents for $200 daily.
|Capacity (pounds)||Daily Rate Average|
|30,000||$200 – $500|
|40,000||$400 – $800|
|70,000||$700 – $1,200|
|100,000||$1,000 – $1,500|
|200,000||$2,000 – $3,000|
What is going to be included?
- Different rental companies offer different prices for their various services. The charges are normally calculated by the hour, day or week or for the entire period the machine is required.
- Most excavator rental companies come with skilled staff that will help you operate the machine. The best thing about these companies is that the repair and damages are taken care of by the company, except when the damage is not the fault of the operator or machine. The excavator rental may also include the transportation of the excavator to and from the work site; if it does not, this will be an extra cost.
What are the extra costs?
- In case of any damage that occurs while the rental is working on your property, most rental companies bill the repair cost to you.
- In addition, extra costs may come from the transportation of the rented excavator to the construction site since this is normally charged differently from the rental cost. Plan on spending upwards of $3 per mile to have it delivered.
- When you are ready to return an excavator, most companies will want it returned with a full tank of gas.
- There are many attachments that can replace the bucket on the excavator’s arm. These attachments, such as an auger, purifier, grapple, and hammer can add an additional $50 to $800 per day, depending on what accessory is required.
- Depending on the city in which you live, you will most likely need to pull a building permit to use the excavator.
- Make sure that you check the city lines that may be buried in the area. Hitting one of these lines could cause damage that you will have to pay to have repaired.
Tips to know:
- In case you decide to rent the machine minus the operator, most companies require that you take responsibility for all repairs and damages.
- Always look at the company’s policy on downtime to make sure it is favorable and does not charge you even on those days you are unable to work, for instance on rainy or wet days.
- Read the rental contract carefully, even the fine print to avoid surprises.
- Most companies will require that the renter has liability insurance in the amount of $1,000,000.
How can I save money?
- When looking for the best rental company to work with, carefully consider all the local providers in your area before making a final choice. Read reviews, get references, etc. If you are going to rent an excavator more than once, find a good rental company and stay loyal to them.
- Try to know the exact period you will need to rent the excavator as this helps you have a better position to negotiate for a better price. Do all the prep work at the job site before the rental is delivered so that you do not waste any time.
- In the case that you are paying for the machine per hour, pick it up daily when you plan to use it and then return it on completion so that it may not stay overnight because then it becomes expensive.