Backhoe Cost: What is the Cost to Purchase and Own

By Robert Romboa •  Updated: 03/02/22 •  6 min read

Backhoe Loaders are indispensable in the construction industry. They are among the most popular versatile earthmoving and construction equipment that can be used for various tasks.

Backhoe Loaders can be employed to dig ditches, install pipelines, plant underground wires, and construct the foundation for structures and drainage systems, and they can do much more with a few more attachments.  

A general rule of thumb in the construction business is that if you don’t use a piece of machinery for over 60 – 70% of the time, you should consider renting it. Otherwise, you should consider buying it.

Also, consider the long-term and future needs—if renting equipment costs the same as or more than buying it, it’s time to purchase. But what is the cost to purchase and own a backhoe

The cost of a backhoe varies greatly depending on many factors: whether you’re buying new or used equipment. However, if you’re looking to acquire a new backhoe of 14-foot digging depth and 80-90HP, the prices might range from $55,000 to $75,000.

Read on to learn more!

How much does a backhoe cost?

The first thing to decide is buying a new or used backhoe. New backhoe prices vary based on the manufacturer, dig depth, the overall size of the equipment, and any optional features you add, like buckets, saws, and hydraulic hammers. 

The average backhoe has a 14-foot digging depth and 80-90 horsepower, and prices vary from $55,000 to $75,000. The more extra features you add, the higher the cost. With this in mind, you may decide whether to raise or lower your pricing.

Notes! The costs shown above are estimates for brand new backhoes. Backhoe models that have been used have a lower price tag.  

However, besides the unit’s initial cost, there are various other considerations to examine to decide whether to buy a new or used backhoe. 

Factors to consider when deciding whether to buy a new or used backhoe? 

Additional Attachment Costs to Consider 

Can you carry out backhoe maintenance by yourself? 

While some backhoe owners are confident in repairing and maintaining their machinery, this is typically a job best left to the professionals. It’s always crucial to concentrate on your talents. If your job is construction, you might not really have a mastery of how to maintain and repair equipment. 

Also, backhoe maintenance technicians have the necessary tools, equipment, and training to do repairs and maintenance on time and according to the manufacturer’s specifications.

When done correctly, component lifecycles are lengthened, resale value is maintained, and downtime is rarely an issue. 

What else do I need to know regarding purchasing a backhoe? 

Robert Romboa

Just amazed daily by the heavy machinery used to make our days easier and allow for fast and simple construction from your backyard to a city!

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