A boom lift is a type of aerial platform used to reach high places. Boom lifts come in various sizes and can be used for a variety of tasks, such as construction, maintenance, and general repairs. While boom lifts can be a great asset for any business, they also come with a hefty price tag.
In this article, we’ll review how much boom lifts cost and how to finance them. We’ll also provide some tips on how to get the most out of your boom lift financing. So if you’re considering a boom lift for your business, read on to learn more.
What Is a Boom Lift For?
Regarding aerial work platforms, there are two main types: scissor lifts and boom lifts. Scissor lifts are typically used for indoor tasks, while boom lifts are better suited for outdoor tasks.
Boom lifts come in different sizes and are typically used in construction, maintenance, and general repairs. They can be used to reach high places, such as roofs and ceilings. Boom lifts also have the ability to extend horizontally, which makes them ideal for tasks that require a large reach.
Boom lift height ranges from 30 feet to 180 feet, while the horizontal reach can go up to 75 feet. The taller the lift, the wider the reach.
How Much Does a Boom Lift Cost?
The cost of a boom lift depends on the size and type of equipment. For example, a small boom lift that is 30 feet tall can cost around $10,000, but a large boom lift that is 60 feet tall can cost upwards of $50,000.
The average pricing for a new boom lift is $25,000. However, you can also find used boom lifts for sale, which are less expensive. The cost of a used boom lift will depend on the age and condition of the equipment, but you can expect to spend around $15,000.
You can also finance one. Boom lift financing is a great option for businesses that don’t have the cash on hand to purchase the equipment outright.
There are a few different factors that will affect the price of a boom lift, such as:
- The size: The height of the boom lift will affect the price. Taller lifts will cost more than shorter lifts.
- The type: There are two main types of boom lifts: telescopic and articulating. Telescopic boom lifts have a fixed base and extend vertically. Articulating boom lifts have a pivot point that allows them to reach over and around obstacles.
- The brand: There are many different brands of boom lifts, such as Genie, Snorkel, Ballymore, Haulotte, JLG, and Skyjack, just to name a few.
- The features: Boom lifts come with various features, such as 4-wheel drive, outriggers, and extendable platforms.
- The condition: The cost will also depend on the age and condition of the equipment.
- The financing: The cost of financing a boom lift will depend on the total cost of the equipment and the length of the financing term.
To give you an idea, the average cost of new boom lifts from these preferred brands are as follows:
- Genie: $8,000 – $50,000
- Snorkel: $12,000 – $30,000
- Ballymore: $14,000 – $40,000
- Haulotte: $16,000 – $60,000
- JLG: $18,000 – $70,000
- Skyjack: $20,000 – $80,000
Buying New vs. Used Boom Lifts
When it comes to purchasing a boom lift, you have the option of buying new or used. There are a few things you should keep in mind when making your decision.
- The condition of the equipment: Used equipment may not be in the best condition. You’ll want to inspect the equipment thoroughly before making a purchase.
- The warranty: New boom lifts will come with a warranty, while used boom lifts will not.
- The price: Used boom lifts are more affordable than new units.
- The financing: You may be able to finance a used boom lift, but you’ll probably get a better interest rate on a new one.
- The delivery: New boom lifts can be delivered directly to your job site, while used boom lifts will most likely need to be picked up.
Of course, there are pros and cons to both options. It’s important to weigh your options carefully before making a decision.
Why Boom Lift Financing Makes Sense
Financing a boom lift is a practical choice for businesses that don’t have the cash on hand to purchase one outright.
There are a few things to keep in mind when financing a boom lift. The first is that the cost of financing will depend on the total cost of the equipment and the length of the financing term.
The second is that you’ll want to shop around for the best interest rate. The interest rate will affect your monthly payments, so you’ll want to get the best rate possible.
Finally, make sure you have a plan in place for how you’ll make your monthly payments. Missing a payment could result in late fees or damage to your credit score.
At Charter Capital, we offer equipment financing and leasing services. We have a wide range of options to meet your needs, including flexible payment plans and competitive interest rates. Our experienced financial brokers work with you to find a financing solution that meets your budget so you can get the boom lift that you need.
Learn more about our financing options. Whether you need $10,000 or one million, we’re here to help you get the best possible equipment financing deal for your business. Contact the Charter Capital team today.