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Going rate for a CAT 908 wheel loader?

Discussion in 'Heavy Equipment' started by Strongmd, Dec 2, 2006.

  1. Strongmd

    Strongmd Member
    Messages: 43

    I have a brand new CAT 908 that I may be renting out for the whole winter, 4 months. I'm trying to establish a value on what it's worth. It will be operated by the renter, not myself. I'm in the Boston market. I have some rough ideas, but haven't settled on anything concrete yet. Any advice is greatly appreciated.
     
  2. jazak

    jazak Member
    from NJ
    Messages: 83

    Maybe the same amount of a backhoe?
     
  3. lawn king

    lawn king PlowSite.com Addict
    Messages: 1,070

    A winter rental from milton cat on that machine last winter was $5000. per month.
     
  4. SD-Dave

    SD-Dave Senior Member
    from Vermont
    Messages: 237

    Holy Sh-t....:eek: $5K a month for that size machine...wow...I rented a Deere 624J for
    $3K/mth...that is either a fabrication second hand or someone is really trying to score...either way makes me glad I went out and just bought one...no more rent payments down the drain!

    SD-Dave wesport
     
  5. Dwan

    Dwan Senior Member
    Messages: 879

    I pay $50 an hour off the hour meter on a Cat 308. and charge $505.00 per hr.
    I use this machine when I have to move between different sites a lot otherwise I use one of my 975 bobcats. The owner is happy with this arangement and it works for me. For a 966 I have to pay $95 an hour off the hour meter I could rent these for a month at a time but our snow fall is so unperdictable it probably would not be to my likng.

    Dwan
     
  6. Dwan

    Dwan Senior Member
    Messages: 879

    Wow I just read my reply and wish I could charge $505/hr. my mistake.
    I realy only get $150/hr and have put just under 200 hours on it sofar this winter. I did adapt a 9' KuickWay blade for it and have been having fun with it..