Necessary for digging and moving dirt, excavators are one of the most common forms of machinery seen on a construction site. Excavators cost an arm and a leg to purchase outright. So how can contractors get their work done then? Introducing, excavator rental. Orange County has numerous excavators that are up for rent at reasonable prices.
Should You Rent or Lease?
If you are planning on working on a construction site for an extended period of time, then it is best to lease the machine. This is made possible by putting down a little money and paying the balance over the course of your lease period.
If you intend to use the machine for a short period of time, then consider renting the excavator instead. Here you will only pay for the time that you use it, but this should only be short term, as shown below.
Average Excavator Rental Costs
Excavator rental in Orange County is common practice among contractors. In fact, excavators are rented out to contractors either on a daily, weekly, or monthly basis. The smaller excavators cost less while the larger excavators cost more to rent.
The amount you pay is determined by the size of the excavator you choose. Average Orange County excavator rental daily rates are between $300 and $1,700. Smaller models such as the Bobcat 442 are available at $350/day, while the larger models like the Caterpillar 375 cost more money per day.
Weekly renting is preferable if your work will take anywhere from 5 to 7 days to complete. Weekly excavator rental in Orange Country starts at $1,300 and goes all the way up to $5,000 for the bigger 76,000-pound machines.
Monthly rates are perfect and ideal for those with longer contract terms beyond a week. Monthly rates will often start around $2,900 and can go up to $15,000.
To the contractor who is searching for excavators to rent, these figures might seem like a lot, but when you consider the cost of buying an excavator – about $100,000 to $500,000 – you begin to see that renting is the better option.