Compare Buying New vs Used Backhoe Loader Costs
New Backhoe Overview
Backhoe loaders are among the most common pieces of heavy equipment. As the name suggests, they provide two functions: The front of the machine has a loader that can be used to push dirt or pick up loose material, while the other end has a backhoe designed for digging.
New backhoe loaders are sold in a variety of sizes and configurations. You can opt for a standard model with a 14-foot dig depth, a larger model with greater horsepower or a compact machine designed for small jobs. Backhoe loaders are also available from a wide variety of manufacturers.
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Cost of a New Backhoe Loader
A standard backhoe loader with a 14-foot dig depth and 80 to 90 horsepower costs anywhere from $50,000 to $75,000. Larger models with greater horsepower and dig depths can top $100,000, while compact models with dig depths of less than 10 feet sell for around $25,000 to $35,000.
Optional features such as four-wheel drive and automatic transmissions can quickly escalate the purchase price, as will any additional attachments you purchase. Extra attachments such as hammers or grinders usually cost $1,000 to $2,000 each.
New Backhoe Pros
- Customization - When you buy new, you can design the machine to meet your exact specifications. You can choose the size, horsepower and only the features and attachments you need.
- Warranty - New backhoe loaders, like new cars, come with a manufacturer’s warranty. You won’t have to pay for repairs if anything goes wrong in the first few years.
- Modern features - Technology is constantly improving. Newer backhoe loaders come with more advanced features, making it easier to do your job. They’re more comfortable to operate and easier to control.
New Backhoe Cons
- Price - Backhoe loaders are expensive machines. Buying new is significantly more expensive than buying used.
Used Backhoe Overview
Because backhoe loaders are such common pieces of equipment, the used market is full of reliable, good quality machines. You’ll find a large selection of used machines for a fraction of the price of new backhoe loaders.
Buying a used backhoe loader does require an additional level of scrutiny. Only buy from reputable dealers and always have a mechanic inspect the machine before you commit to a purchase. It’s also a good idea to request service records. A little extra time spent researching means fewer headaches and less downtime in the future.
Cost of Used Backhoe Loader
Once a machine has a few thousand hours of use, the price drops significantly. A standard backhoe loader with a 14-foot dig depth and 2,000 hours of use might sell for around $30,000. Generally, the older the machine and the more hours of use, the lower the price.
Used Backhoe Pros
- Price - If you’re on a tight budget, buying used might be the way to go. You’ll be able to find a reliable machine for a fraction of the original selling price.
Used Backhoe Cons
- Maintenance/repairs - Older machines are going to require more maintenance. Budget extra for occasional repairs and more frequent service.
- Outdated technology - Older backhoe loaders will lack some of the bells and whistles found in newer machines. For example, newer models feature more comfortable cabs and controls that are easier to use.