Last Updated on August 9, 2022 by hmdcadmin
The versatility and elevation aspect of boom lift makes them an excellent choice for construction, infrastructure, maintenance, and utility work. Boom lifts are forklifts that get used in many different jobs all around the world. The work relies heavily on boom lifts to finish the work within the deadline.
The price of renting a boom lift depends on various other factors. This article will delve into the pricing details and the factors behind renting cost boom lift.
The Cost of Renting a Boom Lift
Renting a boom lift will cost you around $200 to $3000 per day, $700 to $4000 per week, and $2000 to $10,000 per month. The considerable difference in price range is all from the lift height. The height is the critical factor that will heavily influence the price. It is better to estimate the maximum height you need for the project before renting one that either can get too small or too big.
Since height is the crucial factor in setting up the price point for boom lifts, here is a breakdown of renting prices based on the height requirements.
- Anything that is between 30 to 40ft.
Here you can expect to pay $200 to $500 per day, $700 to $1,300 per week, and $2000 to $4000 per month.
- Anything between 40 to 60ft.
Per-day costs will be $250 to $650, weekly costs $1000 to $1,500, and monthly $2000 to $4000+.
- Anything between 60 to 100ft.
$500 to $1,300 per day, $1,500 to $3000 per week, $2,500 to $5000 per month.
- Anything over 100ft.
Per day cost will be between $1000 to $3,000, per week $2,000 to $4,000, monthly price will be at $4000 to $10,000+.
That is just the base price for a rental, and you can expect to receive higher costs with more accessories. Add-ons can make the job much easier; different suppliers will have their pricing for their accessories. The future owner should also consider additional fees for delivery, damage insurance, and environmental fee. The location of your project site will increase the charges attached to the renting cost.
Should you Buy or Rent a Boom lift?
If you have never looked at the pricing of the boom lift and how much you will have to spend on these machines, then renting may seem high. An oversized fit can cost nearly $4000 or more depending on the quality of the boom lift. The cost of purchasing a boom lift can break your bank; it can cover a large chunk of your business capital.
The Cost of Renting a Boom Lift
Scissor lifts can cost anywhere between $10,000 to $15,000. The size does matter here, and if the boom lift can reach more height, then you can expect the price to be $50,000—a standard 30 to 40ft. The model will cost you around $25,000 to $75,000. Even a used boom lift can raise the overall cost from $20,000 to $40,000. A brand new boom lift that can reach 100ft. Can cost over $100,000 to $200,000.
Shortly, the price of buying a boom lift is high. If your business runs a one-time usage for this machine, spending nearly $100,000 would not be a good idea. Renting will be the best choice for the project and save the capital for business. Renting also saves money being spent on maintenance and repair costs. Maintaining lifts is one of the biggest problems many companies face during the lifespan of boom lifts.
When you rent a boom lift, every part of its maintenance will not fall on you, it will be on the rental company. Rental companies rarely worry about the maintenance and repairs on the machine. An excellent rental company offers reduced weekly rates of between $1000 to $2000, and some even go even far as to provide special monthly rates.
If the project duration is extended, having these special offers can help you set up a better budget for the rental equipment. Since the machinery is highly needed for the project completion, choosing rental or purchase will always be more beneficial.
Always look out for a reputable rental company to give you the best deal on rental services and extended services.