There are various factors that contribute to the cost of mini excavator rental prices. For example, it depends on where you live and where you rent it from. The model, the condition of the machine, and the duration of the rental also influence the price.


Variable by location.

Why?

How much does it cost to rent a mini excavator, a tracked or wheeled vehicle used for digging or demolition? The final price is somewhat variable due to a number of considerations. First of all, it might or might not include the cost of an operator.

Also, the cost of the machine you rent will depend on the nature of the job you need to perform with it, how deep you need to dig, and what attachments you will need. Even though it is costly, renting a mini excavator can save you money in the long run by making your job easier, faster, and safer to complete.

The long answer to the question includes rates that differ according to the various vendors and locations. Following that, you can read a rundown of the mini excavator rental costs and get all the details and explanations about them.

 

Average Mini Excavator Rental/ Leasing Costs

  • Average prices range from $150-$500 per day, $800-$2000 per week, and $2500-$4000 per month.
  • You might also consider a long-term lease with the option to buy.
  • Lease rates range from $400 to $1000 per month.

The final costs of renting a mini excavator are determined by a series of aspects, such as the duration of the project, the location, the weight of the work, and the type of equipment and accessories needed.

You will have the option to pay daily, weekly, or monthly rates. Generally, the longer the rental period, the higher the price discount will be. Different cities will ask for distinct prices, and the type of land you are excavating will determine the machine model you will need. Models that ensure a farther digging depth and power are more expensive to rent.

If you will be using the equipment for a longer period of time, but don’t want to make a down payment, then leasing might be more advantageous for you. When you lease, you can exchange the mini excavator for a newer model, and lease payments are tax deductible. Renting is a better deal if you will be using the equipment for only a short period of time.

Here are some extra details about how much does it cost to rent a mini excavator:

  • The rental rate will include a fully-fueled machine with a 12-24-inch bucket.
  • Delivery and other fees are usually not included (see more info on the topic in the Additional Costs section below).
  • Determine what accessories you will need so you don’t end up paying for things you won’t use.

Additional Costs

You should also be aware of and keep in mind the additional costs involved in the process of renting a mini excavator. For example, hiring an operator can cost anywhere from $75 to $1440. Some companies include an operator in the price, while others charge extra for their services. If you lack experience, hiring an operator might save you money in the end because the job will get done more quickly and effectively.

Some companies charge a deposit fee that will be refunded when you return the equipment. The delivery fee of an excavator is usually an additional charge that can cost $3 a mile or a total of $70-$150.

Accessories are rented separately and can cost anywhere from $30 to $800 a day, or $50-$160 per hour. If you also need to rent a storage space, it can cost anywhere from $175 to $400. Fuel ranges from 80 cents to $1 per liter.

Insurance costs about 12% of the total amount of the rental. However, we recommend checking your existing insurance policies to see if you aren’t already covered.

Before signing the Rental/ Lease Agreement, read it carefully and look for any potential tricks.

 

Top Companies Offering Mini Excavator Rental/ Lease

Herc Rentals

  • Multiple locations serviced (check website);
  • More than 50 years of service;
  • Over 275 locations in the US and Canada;
  • Own $3.65 billion in fleet;
  • Committed to safety and sustainability.

HercRentals

United Rentals, Inc.

  • Multiple locations serviced (check website);
  • Founded in 1997;
  • Largest equipment rental company in the world;
  • Centers in 49 states and 10 Canadian provinces;
  • 1,050 rental locations in North America and 11 in Europe;
  • Owns over $12.4 billion of fleet;
  • Committed to safety and sustainability.

UnitedRentals

Titan Machinery

  • Multiple locations serviced (check website);
  • 79 Locations in 11 states plus Europe;
  • Full-service agriculture and construction equipment in the US and Europe;
  • Up-to-date rental fleet backed by factory-trained service professionals;
  • Finance and insurance solutions;
  • Community support.

TitanMachinery

Cost to Buy Mini Excavator vs Rental/ Lease?

Buying a new mini excavator will cost anywhere from $20,000 to $90,000, with an average price in the $30,000-$40,000 range. Keep in mind that if you buy a mini excavator, you will also need to pay for maintenance, storage, insurance, and permits.

Renting or leasing will cost less upfront and will save you from maintenance, repair, and storage expenses. Some rental agreements come with a buying option, which is a good way of testing out a machine before you purchase it.

In the long run, and for frequent uses, you might spend more on renting or leasing than you would if you purchase the equipment. Nevertheless, it mostly applies to cases when you need a mini excavator for a long time or on a regular basis.

 

International Mini Excavator Costs

You might be wondering: how much does it cost to rent a mini excavator internationally? Well, the price for renting one in Canada is about the same as in the US, while the cost in the UK is slightly lower.

How Much Does It Cost to Rent a Mini Excavator in Canada?

canada banner huckster repellent logo

  • The regular prices for renting a mini excavator in Canada are C$210-C$350 per day, C$830-C$1,475 per week, and C$245-C$4,200 per month.
  • Corporate prices are C$190-C$330 per day, C$780-C$1,425 per week, and C$2,100-C$3,700 per month.
  • Bobcat Rental serves Greater Vancouver and the Fraser Valley and offers a great selection and prices and operators for hire.
  • The Rental Guys offer free delivery and pick-up, a large selection of equipment, and a fully online rental process.

How Much Does It Cost to Rent a Mini Excavator in the UK?

UK flag huckster repellent logo

  • Renting a 5-ton mini digger in the UK will cost 60-95 GBP a day ($77-$122) or 350-400 GBP per week ($449-$513), not including travel and operating costs.
  • Travel fees will add approximately 30-60 GBP ($38.5-$77).
  • Jewsons has over 600 branches across the country and has been in service for 180 years. They offer a wide range of services, great customer service, and online discounts.
  • HSS Hire has over 230 branches in the UK and Ireland. They offer free delivery, low prices, and specialist services.

 

Mini Excavator Rental/ Lease Agreement Things to Watch Out for

When renting or leasing a mini excavator, always read the agreement carefully before signing. Unfortunately, some companies include traps and shady clauses in their contracts assuming that nobody actually reads them. Some things to look out for include evergreen clauses, advance fee scams, bait and switch schemes, and fraudulent equipment leasing calculators.

Evergreen clauses will automatically renew your contract if you don’t notify the company before a certain date, while advanced fee scams require you to pay a large deposit before your renting is approved.

Bait and switch schemes and fraudulent calculators advertise rates that are inaccurate and unrealistically low to get you to sign.

You should avoid collaborating with a company that tries to use any of the tactics mentioned above. Also, be sure to check all contract versions for any changes before signing, and pay close attention to the sections on indemnification and liability.

Last but Not Leased?

While renting a mini excavator can be costly, such a piece of equipment is indispensable for many construction projects and tasks. Therefore, how much does it cost to rent a mini excavator? The answer is that prices may vary. However, renting is always a great solution, as it can save you time and energy on any digging, demolition, grading, leveling, or backfilling job you might have to deal with.

If you have had experiences renting or leasing a mini excavator, please share your advice and opinions on the matter in the comments.

Your work might also require a cherry picker, so, while you’re at it, learn more about renting or leasing one too.