How much does Caterpillar Equipment Cost?
The smallest Caterpillar excavator can cost between $100,000 and $230,000. These are heavy-duty machines, weighing 26,000 to 55,000 pounds with 79 to 188 hp. Medium CAT excavators range from $230,000 to $270,000. Large models start at $400,000 and range to $830,000 or more. The largest excavators weigh around 200,000 pounds with up to 523 hp.
Is it better to lease or buy Caterpillar equipment for construction?
There are traditionally three ways for securing heavy equipment in commercial construction. You can rent Cat equipment if it’s a short-term or small job. Leasing is the middle-ground, when the costs of leasing can be absorbed back into the project. The best rate of return for professional long-term commercial construction projects comes from purchasing new Caterpillar products. Because of the guaranteed durability of the brand, ROI is generally high.
What industries use Caterpillar Equipment most in Canada?
Caterpillar tractors are hard at work in Canadian agricultural production.
You’ll find Caterpillar forklifts in manufacturing warehouses.
Caterpillar excavators are used in the Canadian mining industry.
Construction companies frequently use Caterpillar backhoes.
You’ll find Caterpillar equipment in all of these industries, as well as forestry, defense, government, oil and gas, paving, and much more.
What are some of the most popular Caterpillar machines used in farming?
Cat equipment is popular in Canadian agriculture. Cat Skid Steer Loaders are perfect for moving heavy loads. There are eight models to choose from ranging from the small but rugged 226D3 (67.1hp) to the 272D3 XE (110hp). Caterpillar excavators have a variety of farm applications as well, from ditch work to fencing, land clearing, and even weed and grass control. There are several different models to choose from, starting at 13 hp and going up to 70.3 hp.
Is it better to Finance New or Used Caterpillar Equipment in Canada?
If you have a chance to finance new Caterpillar equipment you will be investing in a durable machine that will last you for a long time. The initial investment required is the more expensive option when compared to financing used Caterpillar equipment. However, with Caterpillar equipment, there is less maintenance required and the asset will have keep value for longer. If you are trying to watch your costs, buying used Caterpillar equipment in Canada is the way to go.