A skid steer loader is an essential piece of equipment for many industries. The cost of a skid steer loader, however, can be prohibitive for some businesses. In this blog post, we’ll explore the cost of a skid steer loader and some financing options to make it more affordable.
What Does a Skid Steer Loader Do?
A skid steer loader is a type of construction equipment that is typically used for excavating or grading land. It is made of a large bucket that is attached to a frame by two hydraulic arms. The skid steer loader is operated using a set of controls that are located inside the cab.
Skid steer loaders can be used for a variety of tasks, including:
- Excavating land
- Leveling land
- Loading and unloading trucks
- Clearing debris
- Grading roads
Its design allows the skid steer loader to be very versatile and maneuverable, making it an essential piece of equipment for many construction projects.
How Much Does a Skid Steer Loader Cost?
The cost of a skid steer loader can vary depending on several factors, including the size and model of the loader. Skid steer loaders typically range in price from $15,000 to $50,000, but there are some more high-tech models that can cost upwards of $100,000.
Factors that determine the cost of a skid steer loader include:
- The size of the loader
- The model of the loader
- The features of the loader
- The condition of the loader
- Whether or not the loader is new or used
If you’re in the market for a skid steer loader, it’s important to do your research to find the right model for your needs. You should also consider whether or not you want to buy a new or used loader. While buying a used loader can be more cost-effective, it’s important to make sure that the loader is in good condition and that all of the features are working properly.
Pricing for Popular Skid Steer Loaders
To give you an idea of the expenses you’re facing when planning to buy a skid steer loader, here is a look at the cost of some popular models:
- ASV RT75: $40,000
- Bobcat S650: $30,000
- Caterpillar 242D: $32,000
- John Deere 317G: $25,000
- Kubota SSV75: $15,000
These prices are based on the base model of each loader and do not include any additional features or attachments.
Financing Options For a Skid Steer Loader
If you’re looking to finance a skid steer loader, there are a few options available to you. One option is to take out a loan from a bank or other financial institution. This will allow you to spread the cost of the loader over a period of time, making it more affordable. Financing your equipment can also help you to preserve your working capital, which can be used for other purposes.
Another option is to lease a skid steer loader. This can be a good option if you only need the loader for a short period of time or if you don’t have the funds available to purchase a loader outright. Leasing also has the advantage of allowing you to upgrade to a newer model when your lease is up.
You can also rent a skid steer loader from a rental company. This can be a good option if you only need the loader for a short-term project. However, it’s important to note that you will not own the loader at the end of the rental period.
Ultimately, the decision of whether to buy, lease, or rent a skid steer loader depends on your needs and budget. If you have the funds available, purchasing a loader outright may be the best option. However, if you’re tight on cash or only need the loader for a short period of time, leasing or renting may be a better option.
Finance Your Equipment With Charter Capital
Deciding how to finance your skid steer loader is an important decision. There are a number of factors that you’ll need to consider, including the length of time you need the loader, your budget, and your purchasing power.
If you’re looking for financing solutions for your skid steer loader, contact Charter Capital today. We offer a variety of financing options that can help you get any type of equipment you need, whether for construction, farming, IT, medical, food business, retail outlet needs, and more.
We also offer competitive rates and terms to fit your budget. We have built strong relationships with the lenders in our network, so you can rest assured that you will be in good hands.
Talk to our experienced finance brokers today to learn more about our skid steer loader financing options and to see how we can help you get the equipment you need.