How Much Does a Bobcat T770 Cost? A Comprehensive Guide
The average cost of a new Bobcat T770 skid steer loader typically ranges from $70,000 to $100,000+, depending on configuration, attachments, and dealer. Used models can be significantly cheaper, but their price depends heavily on condition and hours of use.
Introduction: Understanding the Bobcat T770’s Value
The Bobcat T770 is a powerful and versatile skid steer loader, known for its performance, durability, and a wide range of available attachments. Understanding the factors influencing its price is crucial for making an informed purchasing decision. A Bobcat T770 is a significant investment for any business or individual, and careful consideration of your needs and budget is essential.
Factors Influencing the Price of a Bobcat T770
Several key factors influence the ultimate cost of a Bobcat T770:
- Base Model Price: This is the starting price of the T770 without any additional options or attachments. It typically includes standard features and specifications.
- Optional Features and Packages: Bobcat offers a variety of optional features and packages, such as enclosed cabs with air conditioning, advanced control systems, and hydraulic upgrades.
- Attachments: Attachments like buckets, grapples, augers, and planers can significantly increase the overall cost. The type and number of attachments needed will depend on the intended use of the machine.
- Dealer Location and Pricing: Prices can vary depending on the dealer’s location and their individual pricing policies. Shopping around and comparing quotes from multiple dealers is highly recommended.
- Condition (New vs. Used): A new T770 will always command a higher price than a used one. However, used models can offer significant cost savings if they are well-maintained and have low hours of use.
- Warranty: Extended warranty options will also add to the cost, but provide peace of mind against unexpected repairs.
Breaking Down the Cost Components
To better understand how much does a Bobcat T770 cost?, let’s examine its component costs:
- Base Model: Expect to pay a minimum of $70,000 for a brand-new, standard configuration.
- Enclosed Cab with AC: Adding a climate-controlled cab can add $5,000 to $10,000 to the price.
- Hydraulic Options: High-flow hydraulics or other hydraulic upgrades can add several thousand dollars.
- Attachments: A single attachment can range from a few hundred dollars to several thousand dollars, depending on the complexity and functionality.
- Transportation: Factor in the cost of transporting the machine to your location.
- Sales Tax: Don’t forget to account for applicable sales tax.
Considerations When Purchasing a Used Bobcat T770
Buying used can save considerable money, but requires diligent inspection:
- Hours of Use: Lower hours generally indicate less wear and tear.
- Maintenance Records: Review maintenance records to ensure the machine has been properly serviced.
- Visual Inspection: Inspect for signs of damage, leaks, or excessive wear.
- Operating Test: Test the machine’s functions to ensure it operates smoothly and reliably.
- Professional Inspection: Consider having a qualified mechanic inspect the machine before making a purchase.
- Comparable Sales: Research similar machines to get an idea of fair market value.
Financing Options for a Bobcat T770
Several financing options are available to help you purchase a Bobcat T770:
- Equipment Loans: Banks and credit unions offer equipment loans specifically for purchasing construction equipment.
- Bobcat Financing: Bobcat Financial Services provides financing options directly to customers.
- Leasing: Leasing can be a good option if you want to avoid a large upfront investment and prefer to have predictable monthly payments.
- Lines of Credit: A business line of credit can be used to finance the purchase of a Bobcat T770.
Alternative Models to Consider
While the T770 is a powerful option, depending on your use case, other models may be more suitable. Consider these alternatives:
- Bobcat T650: Slightly smaller and less powerful than the T770, but potentially more affordable.
- Bobcat T595: Offers a compact design ideal for tight spaces.
- Competitor Models: Compare options from brands like Caterpillar, John Deere, and Kubota.
Depreciation and Resale Value
Understanding depreciation is important:
- Annual Depreciation: Expect the Bobcat T770 to depreciate annually, especially in its first few years.
- Factors Influencing Resale: Maintenance, condition, and hours of use all influence resale value.
- Market Demand: The demand for used skid steer loaders can impact resale prices.
Frequently Asked Questions About Bobcat T770 Cost
How does the price of a new Bobcat T770 compare to a used one?
A new Bobcat T770 can easily cost $20,000 to $40,000 more than a comparable used model. However, a new machine comes with a full warranty and the latest features.
What is the typical down payment required for financing a Bobcat T770?
The down payment typically ranges from 10% to 20% of the purchase price, but this can vary depending on your creditworthiness and the lender’s requirements.
What are the ongoing maintenance costs associated with a Bobcat T770?
Expect to spend several thousand dollars per year on routine maintenance, including oil changes, filter replacements, and tire maintenance. Preventive maintenance is key to minimizing downtime and extending the machine’s lifespan.
Does the price of a Bobcat T770 vary significantly between dealers?
Yes, dealer pricing can vary significantly. It’s highly recommended that you obtain multiple quotes before making a purchase.
What are some common attachments that increase the cost of a Bobcat T770?
Common attachments that can increase the cost include buckets, grapples, augers, planers, and hydraulic breakers. Some attachments are much more expensive than others, based on their complexity.
How long does a Bobcat T770 typically last?
With proper maintenance, a Bobcat T770 can last for thousands of hours, often exceeding 5,000 hours or more.
Are there any government incentives or tax breaks for purchasing a Bobcat T770?
Depending on your location and the specific use of the machine, you may be eligible for government incentives or tax breaks. Consult with a tax professional for details. Check your local regulations.
What type of insurance is required for a Bobcat T770?
You will typically need to carry liability insurance and physical damage insurance to protect against accidents, theft, and damage. Work with an insurance broker to ensure you have the right coverage.
What are the advantages of buying a Bobcat T770 over leasing?
Buying allows you to build equity in the machine and avoid mileage or usage restrictions. Ownership provides more flexibility.
What factors should I consider when choosing attachments for my Bobcat T770?
Consider the specific tasks you will be performing, the materials you will be handling, and the size and capacity of the attachments.
How much does delivery typically cost when purchasing a Bobcat T770?
Delivery costs can range from several hundred dollars to several thousand dollars, depending on the distance and the method of transportation.
What are some common problems that can affect the resale value of a used Bobcat T770?
Common problems include engine issues, hydraulic leaks, worn tires, and cosmetic damage. Regular maintenance helps prevent such problems.
This comprehensive guide provides a detailed overview of how much does a Bobcat T770 cost? and the factors that influence its price. By carefully considering your needs, budget, and financing options, you can make an informed decision and invest in a machine that will serve you well for years to come.