As of 2015, used excavator prices start around $15,000 for small excavators, several hundred thousand dollars for medium-sized excavators, and up to $1 million for large models. The price depends on the condition of the vehicle and the number of hours it has been used.
Excavators with thousands of fewer logged hours are more expensive. Obvious indications of wear and tear reduce the value of the excavator and put the buyer into a stronger bargaining position.
Before making or accepting an offer, prospective buyers should operate the used excavator to make sure the hydraulic system functions properly. They also should inspect the bucket for wear between the teeth; the boom and stick for physical damage; and the hoses and gaskets for signs of leakage.