If you’re in the construction industry, you know that a roller compactor is an essential piece of heavy equipment for handling and compacting soil, gravel, or asphalt. However, this machine can come with a hefty price tag. To get the most out of their purchase, business owners need to factor in all the costs associated with ownership, including maintenance, repairs, and fuel. In this regard, financing or leasing a roller compactor may be a more viable option than purchasing outright.
In this article, we’ll explore the ins and outs of financing or leasing a roller compactor and provide some tips on how to go about it.
What Does a Roller Compactor Do?
A roller compactor is a construction machine used to compact soil, asphalt, and other materials. This process is important to create a strong foundation for buildings and other structures. The compaction process also allows for drainage and prevents the growth of weeds. Contractors typically use a compactor at the beginning of a construction project to compact the ground before any construction work begins.
Types of Compaction Rollers
There are two main types of roller compactors: tandem and single drum. Tandem compactors have two drums that rotate in opposite directions, while single drum compactors have one large drum that rotates in one direction.
Other subtypes of roller compactors include pneumatic-tired rollers, grid rollers, and oscillating rollers. Pneumatic-tired rollers have smooth, air-filled tires that provide good flotation over soft surfaces. Grid rollers have a series of metal grids or pads that are used to compact asphalt. Oscillating compactors have drums that oscillate from side to side and are used for compacting soil.
The compaction process is essentially the same regardless of the type of roller compactor you use. The machine applies pressure to the materials being compacted, which causes them to bond together tightly. This bonding process creates a stronger foundation and prevents the materials from moving or shifting.
How Much Does a Compaction Roller Cost?
The cost of a roller compactor will vary depending on the type and size of the machine. Smaller single drum compactors can start at around $15,000, while larger tandem compactors can cost upwards of $100,000.
In addition to the purchase price, there are also other costs to consider, such as maintenance, repairs, and fuel. These costs can add up, so it’s important to factor them into your decision-making process.
Pricing ranges of leading roller compactor brands:
- Caterpillar: $15,000 – $100,000
- Wirtgen: $20,000 – $30,000
- Case: $20,000 – $40,000
- Volvo: $25,000 – $50,000
- Sakai: $30,000 – $70,000
- Bomag: $35,000 – $80,000
To get an accurate estimate of the total cost of ownership, it’s best to consult with a professional. They can help you determine which roller compactor is best for your needs and budget.
Should You Finance or Lease a Roller Compactor?
When it comes to financing a roller compactor, there are two main options: financing and leasing. Each option has its own set of benefits and drawbacks, so it’s important to weigh your options carefully before making a decision.
Financing allows you to spread the cost of the machine over a period of time, which can make it more affordable. You will also have the option to purchase the machine outright at the end of the financing term. However, you will likely be required to make a down payment, and you will be responsible for all maintenance and repair costs.
Leasing is another popular option for financing a roller compactor. With a lease, you can use the machine for a set period of time, after which you can return it or purchase it outright. Leases typically have lower monthly payments than financing, and you may not be required to make a down payment. However, you will be responsible for any damage that occurs to the machine during the lease period.
The best option for you will depend on your needs and budget. If you need the machine for a short-term project, leasing may be the best option. However, if you plan on using the machine for a long period of time, financing may be the more practical choice.
A third, less popular, option would be roller compactor rental, but this should only be done if you need the machine for a very short period of time and it doesn’t make financial sense to lease or finance.
Finance Your Roller Compactor Through Charter Capital
Charter Capital is a leading provider of equipment financing solutions. We offer a wide range of financing options to meet your business needs and have been helping small to medium-sized businesses for the past 40 years.
We are known for our competitive rates and terms, and we can work with you to customize a solution that fits your budget. As a family-run business, we understand the challenges that small businesses face, and we are dedicated to helping you succeed.
Contact our experienced financial brokers today to get started.