Easily access the best low-interest SBA loans, short and long term loans, credit lines of business and equipment finance all in one place. The variance may be as large as the tractor you finance, but only because the interest rate you receive depends largely on your credit score and how long you’ve been in business. A lender can usually offer you financing unless you have outstanding bankruptcy or collection of child support. If your credit isn’t high but your business revenues are high (relative to the cost of the equipment), you may qualify for construction equipment financing based on your cash flow.
What is the service life of a backhoe loader?
On average, an excavator can last between 7,000 and 10,000 hours as long as it has been serviced, not damaged, and thoroughly serviced. According to Tyler, the life cycle is typically four years; and on average, contractors put around 900 hours on a backhoe loader in a year. The CE life cycle study shows that this is 8,500 hours for backhoe engines and 10,000 hours for engines in large ADTs. The average lifespan of construction equipment varies from machine to machine, and many factors influence how long their components continue to operate.
Operating conditions determine how long a crawler loader will last, but general contractors often look for around 6,000 to 7,000 hours for the average life of a track loader before a conversion is required.
How much is a backhoe loader worth?
Remember that there is a big difference between a used backhoe and a reconditioned backhoe. Whether the backhoe you’re looking at has been used for five years or a single day, it’s important to closely inspect the machine for damage or problems. Check out the best deals on construction equipment and heavy machinery on eBay, where sellers offer deep discounts on branded backhoe loaders and excavators from popular brands such as John Deere and Caterpillar. Industry leaders JCB and John Deere produce powerful yet compact models that allow you to scale your operations without increasing your budget.