A trencher is a powerful and versatile piece of machinery used in many construction projects. From digging trenches for underground utilities to creating foundations for buildings, a trencher can be an important part of any operation. But with the cost of new trenchers requiring quite a hefty investment, how do you finance such a necessary tool?
In this article, we’ll discuss the cost of a trencher, how to finance one, and where to get financing.
What Is a Trencher?
A trencher is a piece of heavy construction machinery that’s used to dig trenches in the ground. It can be powered by either hydraulic, electric, or diesel engines and has various attachments for cutting, loading, hauling away debris and soil, and flattening the surface. Trenchers are often used for laying underground pipelines and cables, for drainage trenches, and preparing a surface area for building foundations.
There are different types of trenchers available, and the type you choose will depend on the size of trench you need to dig, the soil composition in your area, and any other specific requirements. For example, if you are digging trenches with rocky soil, you may need a rock saw trencher. Let’s take a look at how much of an investment it will take to acquire this machine.
How Much Does a Trencher Cost?
The cost of a trencher can vary greatly depending on the type and size of the machine, as well as its features. Smaller-sized trenchers are typically more affordable than larger versions, but again, the price will depend on the make and model
The typical cost of a trencher is around $50,000. However, this cost can be much higher depending on the size, type, and additional features you choose. The higher-end equipment with larger capacities can run up to $300,000. Those on a tight budget can also find used models for much less – sometimes as low as $5,000 or even lower, but of course, these may not have the same lifespan or capabilities as a brand-new machine.
You can purchase a walk-behind model for under $20,000. A ride-on model with 60 to 70 hp will cost you under $80,000. Large ride-on models with quad tracks are priced at $225,000 to $250,000.
Of course, the cheapest trencher does not mean the best one. Make sure to look into the specifications of each trencher carefully before you buy or rent it. You should also consider how long the warranty period is, as well as if any extra features are included.
Here are the pricing ranges of some leading trencher brands today:
- Vermeer: $175,000 – $325,000
- Ditch Witch: $45,000 – $200,000
- Toro: $15,000 – $100,000
- Caterpillar: $50,000 – $200,000
- Bobcat: $15,000 – $160,000
Renting vs. Buying a Trencher
For some businesses, it’s more cost-effective to rent a trencher rather than buy one. This is particularly true if you don’t have the capital required for an outright purchase or if you only need the equipment for a one-off job. The good news is that there are many companies that provide trencher rentals, so you can shop around and compare prices.
How much does it cost to rent a trencher? It depends on the type and size of the machine. Typically, you can expect to pay around $200 to $400 per day for a small trencher rental. Larger models will cost significantly more — up to $2,000 or even higher per day.
Factors to consider before renting a trencher include:
- The duration of use.
- Delivery and pickup fees.
- Maintenance costs.
- Any additional features you may require.
Financing Options for Trencher Purchases
For businesses that decide to buy rather than rent, there are a few different financing options available for trenchers. The most popular ones include:
- Bank loans
- Equipment leasing
- Seller financing
- Small business loans from the U.S. government’s SBA program
Each of these options has pros and cons, so it’s important to do your research before deciding on the best option for you.
For small business owners, the U.S. Small Business Administration (SBA) offers a number of loan programs that can help finance the purchase of trenchers and other construction equipment. The SBA also provides helpful resources and counseling services to assist with the application process. However, SBA loan programs require a significant amount of paperwork and have stringent eligibility criteria, so they are not suitable for everyone.
Working with financial brokers like Charter Capital can also help make the process of securing financing for a trencher much easier. A financial broker can guide you through the entire process, from research to loan application and beyond.
When it comes to purchasing a trencher, doing your research and carefully evaluating all available financing options is key. This will ensure that you make the best decision for your business in terms of cost, convenience, and other important factors.
Ready To Invest in a Trencher? Charter Capital Can Help
As you can see, the cost of a trencher can vary greatly depending on the make and model, as well as whether you decide to rent or buy. If you’re considering investing in a trencher for your business, it’s important to weigh your options carefully and understand all available financing options.
At Charter Capital, our financial brokers are highly experienced in the equipment leasing industry and can provide the guidance you need to make an informed decision. We are a family-run business, so you can count on us to provide personalized service every step of the way.
Contact us today to learn more about how we can help you finance your trencher purchase. We look forward to hearing from you!