How Much Does It Cost to Buy a Backhoe?

Backhoes are versatile machines essential for various landscaping and hardscaping projects. If you're considering investing in one for your business, this guide will help you understand the benefits, cost factors, price ranges, and financing options available.

In this article…

1. Why Invest in a Backhoe?
2. Factors Influencing the Cost of a Backhoe
3. Price Ranges
4. Financing and Purchasing Options

Why Invest in a Backhoe?

Financing a backhoe can revolutionize your business operations.

Here are a few key benefits:

• Increased Efficiency and Productivity: A backhoe can perform multiple tasks quickly and effectively, reducing the time and labor required for projects.
• Lower Upfront Costs: While buying a backhoe outright can be expensive, financing one for a low monthly payment is a smart way to keep your cash flow available for investing in other areas of your business.
• Significant Tax Write-Off: Under Section 179 tax deduction, you could deduct the full purchase price of qualified equipment the first year you finance and use it for your business.

Factors Influencing the Cost of a Backhoe

Several factors affect the cost of a backhoe.

Understanding these can help you make an informed purchase decision:

• Brand and Model: Established brands and newer models tend to be more expensive but often come with advanced features and better reliability.
• Size and Specifications: The size, horsepower, and capabilities of a backhoe can significantly influence its price.
• New vs. Used Equipment: Opting for a used backhoe can save money, but it's essential to consider the machine's condition and maintenance history. The more hours a backhoe has, the more likely future maintenance will be needed.
• Attachments and Additional Features: Extra attachments like buckets, breakers, and augers add to the cost but increase the machine's versatility.
• Warranty and After-Sales Service: Comprehensive warranties and reliable after-sales support can justify a higher initial cost by reducing future expenses.

Price Ranges

To give you a clearer picture of the current market, here are some recent trends and price ranges for backhoes:

• New Backhoes: Depending on the brand and specifications, prices can range from $30,000 to $150,000.
• Used Backhoes: Prices for used equipment vary widely based on age, condition, and features, typically ranging from $15,000 to $100,000.
• Cost of Ownership: Beyond the purchase price, consider ongoing maintenance and operation costs, which can affect the overall investment.

Finance Your Next Backhoe with Beacon Funding

Growing a young landscaping or hardscaping business takes time and capital. Fortunately, you have financing options to make it easier.

By understanding the costs, benefits, and financing options, you can make an informed decision that aligns with your operational needs and budget. Since 1990, Beacon Funding has been helping companies of every size get the equipment they need to enhance their services and grow their business.

Yes, even for start-ups.

As an A+ rated Better Business Bureau lender, our experienced financing consultants can have you with the right equipment in no time.

Apply with us today and see why thousands of landscaping and hardscaping companies chose us to help them keep more cash in their hands, get the equipment they need, while earning revenue to grow their dream business.