The Price of a Brand New CAT 312 Excavator

[MikePhua]

The Caterpillar 312 series excavator is a highly sought-after model in the construction and earthmoving industries. Known for its reliability, efficiency, and performance, it is widely used in a variety of applications, from digging and lifting to material handling. However, when considering the purchase of a new CAT 312 excavator, one of the primary questions that arises is: How much does it cost?
The price of a new CAT 312 excavator depends on various factors such as configuration, included features, optional attachments, and geographical location. In this article, we will break down the key factors that influence the pricing of this popular machine, as well as explore additional considerations for purchasing new versus used equipment.
Factors Affecting the Price of a New CAT 312 Excavator
Several key factors determine the final cost of a brand new CAT 312 excavator:

1. Base Model vs. Fully Loaded Configuration
   Like most heavy machinery, the CAT 312 is offered in different configurations. The base model typically includes essential features necessary for standard digging and lifting operations. However, customers often choose to upgrade their excavators with additional features like:
   • Longer boom and arm: These allow for deeper digging and improved reach, adding to the overall cost.
     
   • Auxiliary hydraulics: Ideal for powering attachments like breakers, grabs, or augers, this option adds to the machine's versatility but increases the cost.
     
   • Enhanced cab options: A high-end cab with air conditioning, better ergonomics, and advanced controls can significantly raise the price.
     
2. Optional Attachments
   Excavators are versatile machines that can be fitted with various attachments for specialized tasks. The cost of these attachments will vary depending on the type and manufacturer. Common attachments for the CAT 312 include:
   • Buckets: For digging, scooping, and loading material. Larger or specialized buckets can increase the price.
     
   • Hydraulic hammers: Used for demolition tasks.
     
   • Thumbs: For better material handling and gripping.
     
   The cost of attachments can add anywhere from a few thousand dollars to tens of thousands, depending on the type of attachment selected.
   
3. Region and Dealer Markups
   The price of heavy machinery like the CAT 312 can vary significantly by region. Dealerships in urban areas with higher operational costs may charge more compared to those in less densely populated regions. Additionally, dealer markups, shipping fees, and taxes will impact the final price.
   
4. Inclusion of Warranty and Service Packages
   When purchasing a new CAT 312, buyers can often opt for extended warranties and service contracts, which add to the price. Caterpillar provides robust warranties for its equipment, covering parts and labor for several years, but these can be extended for added peace of mind.
   

Pricing Ranges for a New CAT 312 Excavator
The price of a new CAT 312 excavator can vary widely based on the configuration and options chosen. On average, buyers can expect to pay the following:

• Base Model: A basic CAT 312 excavator, without any major upgrades, typically costs around $100,000 to $120,000.
  
• Mid-Range Model: A model with some optional features like a longer boom or hydraulic systems for attachments could range from $120,000 to $150,000.
  
• Fully Loaded Model: For a fully equipped CAT 312 with advanced cab options, extended warranties, and several attachments, the price can exceed $150,000, and in some cases, reach as high as $180,000 or more.
  

Additional Considerations for Purchasing a New CAT 312 Excavator
When deciding whether to purchase a new or used CAT 312, there are several factors that should be taken into account:

1. Depreciation
   New equipment experiences rapid depreciation, especially in the first few years. On average, heavy machinery like the CAT 312 can lose 20-30% of its value within the first year alone. This is an important factor to consider if you're looking for an investment that retains its value over time. If you’re in the business for long-term use, a new CAT 312 will still be a solid choice, but those looking to minimize upfront costs may opt for a well-maintained used model.
   
2. Financing and Lease Options
   For those not prepared for a full cash purchase, Caterpillar offers financing options for the CAT 312. Lease options are also available, providing flexibility for businesses that need the equipment for a fixed term but don’t want to commit to full ownership. Financing rates vary depending on the buyer’s credit score, loan term, and other factors.
   
3. Total Cost of Ownership
   The total cost of ownership for a CAT 312 includes not just the initial purchase price but also ongoing maintenance, fuel, insurance, and repair costs. With proper care, a CAT 312 can have a long lifespan of 10,000 to 15,000 hours, making it a cost-effective investment for businesses that rely heavily on excavators.
   
4. Service and Support from Caterpillar
   One of the major advantages of buying a new CAT 312 is the access to Caterpillar’s global service network. With dealerships and service centers worldwide, you’ll have quick access to parts and technicians trained specifically to service CAT equipment. This network ensures your machine is maintained to the highest standards and can keep downtime to a minimum.
   

Used CAT 312 Excavators: A Cost-Effective Alternative
For businesses on a tighter budget, purchasing a used CAT 312 excavator can be a viable alternative. Used excavators often cost significantly less than new ones, and with a thorough inspection, you can still find machines in excellent working condition. A used CAT 312 can range from $40,000 to $80,000, depending on the age, hours, and condition of the machine.
Before purchasing a used CAT 312, it’s crucial to:

• Inspect the machine’s hours of operation, maintenance history, and previous repairs.
  
• Test the hydraulic system, tracks, and other critical components.
  
• Consider the availability of replacement parts for older models.
  

Conclusion
The price of a new CAT 312 excavator can vary greatly depending on the configuration, location, and additional features selected. On average, the cost of a new model ranges from $100,000 to $180,000, with fully equipped versions exceeding this range.
When considering purchasing a new CAT 312, it’s important to factor in the cost of ownership, potential financing options, and the equipment's resale value. For businesses that don’t need a brand-new machine, exploring the used market can offer significant savings, but careful consideration of the machine’s condition is essential.
Ultimately, whether you’re buying new or used, the CAT 312 remains one of the most reliable and efficient excavators in the market, known for its versatility, ease of operation, and robust support network from Caterpillar.