Compact excavators, often called mini excavators, are vital in construction and landscaping for jobs like digging, trenching, and material handling. Known for their versatility and efficiency, these machines are increasingly sought after, especially through cost-effective buying options.
Factors Influencing Bank-Owned Compact Excavator Prices
Several factors can affect the price of bank-owned compact excavators:
Condition and Maintenance: A well-maintained machine usually sells for more than one with poor service history.
Age and Usage: Older units with high hours tend to be cheaper than newer, lightly used ones.
Brand and Model: Trusted brands and models known for durability may cost more due to higher resale demand.
Market Demand: Prices can rise or fall depending on how much a certain model is needed in the market.
Location: Local supply, demand, and transportation costs can all impact pricing.
Comparison Of Bank-Owned Compact Excavator Prices
John Deere 35G (2018): Around 1,500 hours; priced between $30,000 – $35,000.
Caterpillar 305E2 (2017): Roughly 2,000 hours; priced from $28,000 – $32,000.
Bobcat E35 (2019): About 1,200 hours; usually costs $32,000 – $37,000.
Kubota KX040-4 (2016): Around 2,500 hours; estimated at $25,000 – $30,000.
Tips For Purchasing Bank-Owned Compact Excavators
When buying a bank-owned compact excavator, keep these tips in mind:
-Inspect Thoroughly: Examine the machine yourself or hire a professional to check for wear, leaks, or damage.
-Check Maintenance Records: Ask for service logs to assess how well the equipment was maintained.
-Account for Auction Fees: Auctions may include buyer’s premiums or other charges—factor these into your budget.
-Explore Financing: Banks or third-party lenders may offer financing—compare rates and terms.
-Negotiate the Price: If the excavator has high hours or needs repairs, use that to negotiate a better deal.