How Much Does an Excavator Cost? New vs Used [2023]

How Much Does a New Excavator Cost?

Buying a new excavator is can cost anywhere between $100,000 to over $600,000 depending on brand, size, power and accessories you choose to add on.

As general guide price:

  • Small excavators weighing 10 to 15 tons usually cost anywhere from $80,000 to $150,000.
  • Medium sized, which are the most popular excavators weighing 15 to 20 tons, generally range in price from $100,000 to $200,000.
  • Large models weighing 30 to 40 tons plus are often priced in the $200,000 to $500,000.

What About Used Excavators?

Just like cars, modern day excavators are a lot more reliable and have long lifespans of around 10,000 hours or more. This means that the used market has a lot of machines available to buy with plenty of life still left in them.

If you have the financing available, it will work out cheaper to buy a used excavator – however, this doesn’t come without its downsides.

Wear and tear is a given with used excavators which means you should have them fully inspected before buying so are not left with any hidden bills. Of course, the downside is that it is likely to be more maintenance to consider when you’re buying an older machine, but this is just a by-product on saving a new machine.

How Much Do Used Excavators Cost?

While used excavators are still expensive, you can pick them up at a great discount compared to buying them new.

Depending on the condition and age of the machine you can generally expect to pay around 25% to 50% of the original value. So if the price range of new models is $100,000 to over $600,000 you can expect to pick up a used model in the range of $50,000 to $300,000, depending on the size.

Be cautious when dealing with private sellers, as you’ll need to do all the vetting and mechanical checks yourself. It is always recommended to go through a reputable dealer or broker who can offer qualified and checked machines.

New vs Old Price Comparison

Please note these are wide estimates costs based on averages. The true will depend on the brand, age and wear and tear to the excavator. By using these averages you will get a rough idea of the budget required.

   New Used
 Small  $80,000 – $150,000  $40,000 – $110,000
 Medium  $100,000 – $200,000  $60,000 – $150,000
 Large  $200,000 – $600,000+  $100,000 – $400,000

Get a Tailored Quote

The safest and most reliable way to get an accurate price is used an approved rep. They will make sure you are buying an excavator that meets your needs as well as helping you avoid any pitfalls with buying a used one.

Use the form below to your custom quote from approved reps.


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