When it comes to earthmoving, landscaping, and excavation jobs, backhoe loaders are everybody’s preference. If you want to rent a backhoe loader and are planning a budget for your next project, knowing how much it costs to rent a backhoe will make the whole process simpler.
On average renting a backhoe loader can cost anywhere between $280 to $1000 per day. Depending on the size, brand, and model of the backhoe loader you are planning on renting the price can go up or down. You can get accurate pricing information for your area from local retailers or even online equipment rental marketplaces. When you are planning your budget, you should consider whether you need a standard or a large backhoe loader and for how long.
Renting Backhoe Loaders Per Hour
If you have a small task, there are some rental companies that even rent out their backhoe loaders and attachments by the hour. The hourly rental rates for backhoe loaders can be anywhere between $30 to $100 depending on the size of the machine and your location.
Factors that Impact the Rental Costs of Backhoe Loaders
Different projects require different types of loaders, so, you need to make sure that you consider everything before you choose a machinery dealer. The following are a few factors that have an impact on the rental price of a backhoe.
Size
Backhoe loaders are available in several different sizes in the market and how much it costs to rent one will depend entirely on the machine’s horsepower and weight capacity. If you are looking for a backhoe for sale with a high-powered machine with 100 horsepower it will have a higher cost than a smaller machine offering lesser horsepower.
Location
The rental price of a backhoe might vary greatly depending on your location. Rental prices in rural areas are a lot lower than in urban areas. Make sure to provide your exact location when you are surfing online and requesting estimates from heavy equipment rentals. This will ensure that you always get exact estimates and can plan your budget accordingly.
Brand and Model
The cost of a backhoe also depends on the brand and model that you choose to rent. Some manufacturers charge more than others so you need to make sure that you review all of the available options. When you are requesting quotes and browsing estimates online make sure to ask from a few different retailers.
Market Conditions
Backhoe prices are also affected by the market conditions so you should always be aware of any shifts in the construction equipment supply and demand chain. Usually, heightened construction activity results in construction equipment prices going up. If your project is not time-sensitive you should plan it during less active periods to avoid price spikes.
Project Length
The total price of how much it costs to rent a backhoe will depend on how long your project will last. For instance, if you only need to rent the machine for a week or two you would not have to pay as much as you would if the rental period is longer. Make sure that you finalize your project timeline before you rent the machine so you do not have to pay for unused days. It is also quite a hassle if you have to extend the rental timeline at the end, so, make sure to figure out the timeline of your project before renting the machine.