A wheel loader is a piece of heavy equipment used for construction, mining, and other industrial applications. Pricing for wheel loaders can go into hundreds of thousands of dollars but vary based on the size and features of the machine. If you’re in the market for a wheel loader, it’s important to know the features you need and the estimated cost so you can budget for the purchase.
This article will discuss:
- The estimated cost of a wheel loader
- Who this equipment is for and equipment functions
- Tips for financing the acquisition of a wheel loader
Read on to learn more about wheel loaders and how to finance your purchase.
What Does a Wheel Loader Do?
A wheel loader is a type of heavy construction equipment that is used to load and move materials around a worksite. They are called such because they have large wheels as opposed to tracks like a bulldozer.
Some wheel loaders have all-wheel drive for increased traction and stability when operating in rough terrain. These machines are equipped with a bucket in the front that can be raised and lowered to scoop up materials like dirt, sand, gravel, and snow.
The bucket can also be fitted with attachments like a grapple or forks to extend the range of material that can be moved. Wheel loaders typically have a lifting capacity of 2 to 5 tons and a bucket capacity of 0.5 to 3 cubic yards. They are commonly used in mining, quarrying, and other industrial applications where large amounts of materials need to be moved.
Types of Wheel Loaders
There are three main types of wheel loaders:
- Compact wheel loaders – These are the smallest wheel loaders and are typically used for light-duty tasks such as loading landscaping materials.
- Standard wheel loaders – These are the most common type and can be used for a variety of tasks, such as loading trucks and excavating.
- Articulating wheel loaders – these are the largest type of wheel loader and are typically used for very heavy-duty tasks such as mining.
How Much Does a Wheel Loader Cost?
The cost of a wheel loader depends on the size, type, and features of the machine. Compact wheel loaders start at around $30,000 while standard and articulated wheel loaders can cost upwards of $100,000.
Factors that may affect the cost of buying a brand-new wheel loader include:
- The size of the machine
- The type of wheel loader
- The brand
- The features and attachments included
Some companies also offer used or refurbished wheel loaders for sale at a lower cost. However, it’s important to make sure that the machine is in good condition before making a purchase.
To give you an idea of how much the leading wheel loaders cost, here’s the average pricing range for some of the top brands:
- Caterpillar wheel loaders – $100,000-$200,000
- Komatsu wheel loaders – $75,000-$150,000
- John Deere wheel loaders – $50,000-$100,000
- Bobcat wheel loaders – $30,000-$60,000
- Hyundai wheel loaders – $40,000-$80,000
- Volvo wheel loaders – $50,000-$100,000
Tips for Financing Your Wheel Loader Purchase
If you’re looking to finance your wheel loader purchase, there are a few options to consider.
Many manufacturers offer financing options with low-interest rates and flexible terms. You can also check with banks and other lending institutions to see if they have any special programs for financing construction equipment. The advantages of equipment financing include making smaller monthly payments, preserving working capital, and potential tax benefits.
Another option is to lease the wheel loader instead of buying it outright. This can be a good option if you don’t have the full amount of cash upfront or if you only need the machine for a short period of time. Leasing terms are typically shorter than loan terms, so make sure to factor that into your decision.
Renting a wheel loader is also an option, although it may be more expensive in the long run. However, it can be a good way to try out different models before you make a purchase.
Whatever option you choose, make sure to compare interest rates, terms, and conditions to get the best deal possible. Wheel loaders are a major investment, but with the right financing in place, they can be a valuable addition to your business.
Finance Your Wheel Loader With Charter Capital
Charter Capital is one of the leading providers of construction equipment financing. We offer a wide range of financing options with competitive rates and flexible terms. We also have a dedicated team of experienced finance brokers who are ready to help you find the best financing solutions on the top wheel loaders for sale. As a family-run business that has been helping companies of all sizes for the past 40 years, you can count on us to be there for you every step of the way.
Reach out to us today to learn more about our construction equipment financing options or to get started on your application. We look forward to helping you grow your business!