How Much Do 19m Articulated Boom Lifts Cost?
When considering the purchase of a 19m articulated boom lift, understanding the cost plays a crucial role in effective budgeting and planning. This guide aims to provide a detailed overview of market prices, the factors influencing costs, and potential additional expenses involved in owning a boom lift. Let's explore the essentials.
Average Cost of 19m Articulated Boom Lifts
The average price for 19m articulated boom lifts generally falls between $40,000 and $80,000. Nevertheless, this price may vary significantly depending on various factors such as the brand, model, age, and condition of the equipment. Based on information from EquipmentList, new models from leading manufacturers like JLG, Genie, and Terex typically cost around $60,000.
Factors Influencing the Cost
1. Brand and Model
Different brands offer various features and technologies that can significantly impact the pricing. For example, JLG and Genie are renowned for their quality and performance, often reflected in a higher price tag.
2. New vs. Used
The cost of a used 19m boom lift can be considerably lower, commonly ranging from $25,000 to $50,000 depending on condition and hours of use. A report by Equipment Watch highlights the advantages of purchasing used equipment, especially beneficial for smaller enterprises or those with limited budgets.
Leasing vs. Buying
Another essential consideration is whether to lease or buy the equipment. Leasing usually requires lower upfront costs, which typically range from $1,000 to $3,000 per month based on the lease terms. According to the Rental Equipment Register, leasing is often preferred by businesses needing flexibility and aiming to minimize capital expenditure.
Additional Expenses
1. Maintenance and Repairs
Owning a boom lift entails ongoing maintenance and repair costs. It's advisable to set aside 10-20% of the purchase price annually for these purposes. As noted by HD Industries, routine servicing is vital for ensuring safety and extending the lifespan of the equipment.
2. Insurance
Insurance is another critical expense to consider, costing anywhere from $500 to $1,500 annually, depending on coverage levels and location. Consulting with an insurance agent can help identify the best policy for your specific needs.
3. Transportation Costs
Transporting a boom lift can incur additional costs, typically ranging from $500 to $2,000, determined by distance and logistics. Therefore, it's crucial to incorporate these cost considerations when budgeting for either a new or used lift purchase.
Conclusion
The price of a 19m articulated boom lift can differ substantially based on factors like brand, model, condition, and whether you choose to buy or lease. On average, one should anticipate spending between $40,000 to $80,000 for new models and $25,000 to $50,000 for used alternatives. Additionally, it's essential to factor in related costs such as maintenance, insurance, and transportation to make a well-informed decision. By understanding these factors, you'll be better positioned to receive optimal value for your investment in boom lift equipment.
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For additional details, please check 19m Articulated Boom Lifts cost, and explore options from the 14m Self-propelled Scissor Lifts manufacturer.