How to make the most of your Excavator Investment
During the process of selection when shopping around for an excavator, it’s important to look beyond the initial price tag. The total cost of owning an excavator far exceeds the initial purchase price, assuming you buy it new and keep it well-maintained. A major consideration for every plant owner is the ongoing maintenance costs, repairs, and the significant issue of downtime – when the machine isn’t operating, you’re not earning income.
The Hidden Costs of Downtime
Downtime is a critical factor that many prospective buyers might overlook. Every hour your excavator is not working, know you are losing income! Whether due to maintenance, repairs, or waiting for parts, downtime can significantly impact your bottom line. This is why some people prefer to rent instead of buy, to avoid the headache of maintenance and the costs associated with downtime. However, with a reliable partner like us, this needn’t be a worry!
Maintenance Requirements for Your Excavator
Proper maintenance is essential to ensure your excavator runs smoothly and to extend its lifespan. According to Caterpillar, the maintenance schedule for an excavator looks like this:
Estimates
- Engine oil and filter: change every 500 hours
- Fuel filter: Change every 400 hours
- Hydraulic filter: Change every 500 hours
- Hydraulic fluid: Change every 3000 hours
- Coolant: Change every 6000 hours
Keeping up with these maintenance tasks can prevent more costly repairs down the line and minimize the risk of unexpected downtime.
To Rent or to Buy?
Given these considerations, many businesses are opting to rent excavators instead of purchasing them. However, owning the correct equipment and maintaining a rigorous service schedule will keep you on track with your deadline and contribute to the positive reputation of your business. If you use an excavator frequently and are in a position to be able to manage the maintenance schedule effectively, owning one could be more cost-effective in the long run. It’s essential to weigh the pros and cons based on your specific needs and operational capabilities.
Feel free to reach out with any questions or for further details on how to make the most of your Excavator Investment. Your equipment’s longevity and performance depend on the care you put into it!
