How Much Does It Cost to Rent a Skid Steer?

The cost to rent a skid steer depends on multiple factors and can vary widely from one project to the next, but a general estimate can help during the early stages of the planning process. In most cases, rental prices range from $200 to $500 per day, $600 to $1,500 per week and $1,200 to $4,000 per month.

The best way to find accurate pricing information is to contact a local retailer or online equipment rental network that can connect you with suppliers in your area. Quotes from these sources are generally the most reliable, but even a general estimate can be helpful when planning a new project.

That said, if your project requires a higher lifting capacity or a skid steer that runs on tracks instead of wheels, the total cost will likely fall on the higher end of those price ranges.

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6 Factors That Affect Skid Steer Rental Costs

Knowing which factors affect skid steer rental prices can help you make a more informed decision when choosing a product and supplier. To get the most accurate cost estimate, consider the following factors:

1. Location

The cost to rent a skid steer can vary greatly depending on your project’s location. To get an accurate estimate, be sure to enter your exact location when browsing rental options or requesting a quote.

2. Project Timeline

Projects lasting one or two days will cost much less than those spanning months or years. Knowing an exact timeline in advance can prevent you from paying for unused days or scrambling to extend your rental period later on.

3. Size

Larger skid steers with more horsepower typically cost more than smaller models and can be less fuel-efficient. For example, a 1,000-pound skid loader might only cost $250 a day, while a 1,900-pound track loader runs upward of $350.

4. Type of Skid Steer

The two main types of skid steers — track loaders and wheeled skid steers — can vary significantly in price. Track loaders generally cost more upfront and require more resources to transport and maintain.

5. Brand

Some skid steer brands and models cost more to rent than others. To get the best rate, it can be helpful to compare multiple brands and weigh their pros and cons. An online equipment rental marketplace is an excellent place to start when comparing features and prices.

6. Market Conditions

The state of the rental market can cause prices to fluctuate during different times of the year. Rental costs are often higher in areas with high demand and lower in those with fewer active construction projects.

Other Costs To Consider

When renting a skid steer, there are a few additional costs to consider that aren’t always factored into the base rental price. Some of these include:

• Fuel costs: The renter is responsible for fuel costs during the rental period, so it’s important to calculate how much you’ll need based on your project timeline.
• Delivery and transportation: The farther your job site is from the equipment supplier, the more you’ll have to pay in pickup and delivery fees. Choosing a supplier that is close by can help reduce these costs.
• Operator training: While skid steers don’t always require a license to operate, employees may need additional training to handle them safely.
• Attachments: Extra attachments like pallet forks, snow blowers and augers generally cost extra and may need to be rented separately.
• Insurance: Most suppliers require you to obtain contractors equipment insurance when renting skid steers and other heavy equipment. Policies can vary in price, so it’s important to get a quote before beginning the rental process.

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Renting vs. Buying a Skid Steer

When it comes to deciding between renting or purchasing a skid steer, many project owners find that renting saves them time and money in the long run.

New skid steers often cost upward of $55,000. In addition to upfront costs, buyers can expect to pay insurance, storage, depreciation, maintenance and transportation expenses during the machine’s lifetime. Some jobs also require separate attachments or specialized trailers for transport, all of which must be purchased separately. Purchasing can be a good investment for companies or individuals who need a skid steer for routine use, but it can quickly push a short-term project over budget.

On the other hand, renting costs much less upfront and allows for added flexibility. For example, a person who needs a skid steer for multiple projects won’t have to worry about storage or maintenance costs between projects if they choose to rent.

Renting also allows for more freedom when choosing a size and type of skid steer for each project. While one project might only require a small wheeled skid steer, the next could call for a heavier model with tracks. Renting ensures that you’ll always have the right skid steer for each project.

Once you’re ready to find the right equipment for your next project, request quotes from local retailers or connect with an online rental network that services your area. This will ensure that you find a skid steer that’s best suited for your job at the right price.

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