How Much Do 19m Articulated Boom Lifts Cost?
When considering the acquisition of a 19m articulated boom lift, understanding the cost is crucial for budgeting and planning. This article aims to provide a comprehensive overview of the market prices, factors influencing costs, and potential additional expenses associated with owning a boom lift. Let's delve into the details.
Average Cost of 19m Articulated Boom Lifts
The price of 19m articulated boom lifts typically ranges between $40,000 to $80,000. However, the cost can vary significantly based on several factors, including the brand, model, age, and condition of the equipment. According to EquipmentList, new models from reputable manufacturers such as JLG, Genie, and Terex can cost around $60,000 on average.
Factors Influencing the Cost
1. Brand and Model
Different manufacturers offer various features and technologies that can affect the price. For instance, JLG and Genie are leading brands known for quality and performance, which may command a higher price point.
2. New vs. Used
The cost of purchasing a used 19m boom lift can be significantly lower, typically between $25,000 to $50,000, depending on the condition and hours of use. A report by Equipment Watch emphasizes the value in purchasing used equipment, especially for smaller businesses or those with limited budgets.
Leasing vs. Buying
Another consideration is whether to lease or buy the equipment. Leasing usually involves lower upfront costs, ranging from $1,000 to $3,000 per month based on the terms of the lease agreement. According to the Rental Equipment Register, leasing is often favored by businesses that require flexibility and reduce capital expenditure.
Additional Expenses
1. Maintenance and Repairs
Owning a boom lift comes with ongoing maintenance and repair costs. Estimates suggest setting aside 10-20% of the purchase price annually for maintenance. As per HD Industries, regular servicing ensures safety and enhances the lifespan of the equipment.
2. Insurance
Another expense to factor in is insurance, which can range from $500 to $1,500 per year, depending on the coverage level and location. It's essential to consult with an insurance agent to find the best policy for your needs.
3. Transportation Costs
Transporting a boom lift can also incur costs that may range from $500 to $2,000, depending on distance and logistics. It’s wise to consider these expenses when budgeting for a new or used purchase.
Conclusion
The cost of a 19m articulated boom lift can vary widely based on factors such as condition, brand, and whether you choose to buy or lease. On average, expect to pay between $40,000 to $80,000 for new models and $25,000 to $50,000 for used options. Additionally, always consider associated costs, including maintenance, insurance, and transportation, to make an informed decision. By staying informed about these factors, you can ensure you get the best value for your investment in boom lift equipment.
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