How Much Does A Monster Truck Cost?

Last Updated on September 18, 2024
Written by CPA Alec Pow | Content Reviewed by CFA Alexander Popinker

With their massive size, extreme capabilities, and the excitement they generate, monster trucks capture the imagination of fans worldwide. But behind the thrilling image lies major costs and considerations for owning a real monster truck. Whether purchasing new, used or building custom, how much does a monster truck really cost?

In this guide, we’ll break down the typical price points for new and used monster trucks, custom building costs, operating expenses like fuel and repairs, insurance fees, and considerations for competing in events like Monster Jam. Let’s take an in-depth look at budgeting for one of the most extreme vehicles on the planet.

How Much Does A Monster Truck Cost?

The costs for a monster truck machinery ranges from $250,000 to over $1,000,000. Major expenses like repairs, insurance, transportation, storage, and competition costs stack up quickly.

For those looking to buy a brand new, professionally-built monster truck from a monster truck manufacturer or builder, you can expect pricing starting around:

• Entry-level monster trucks – $250,000 to $350,000
• High-performance trucks – $350,000 to $500,000
• Top-tier competitive trucks – $500,000 to $1,000,000

The base prices reflect a fully customized monster truck designed specifically for arenas, racing, freestyle, and appearances. New monster trucks built for major competitions like Monster Jam or Monster Nationals reside at the high end of pricing.

The new monster truck cost varies based on factors like:

• Reputation and quality of the builder
• Components and build materials used
• Size of truck body, wheels, tires
• Engine size and horsepower
• Suspension durability and tuning
• Interior features and finish quality
• Any additional performance options or accessories

Leading monster truck builders include companies like Feld Motorsports, Hall Brothers Racing, Racesource, and Midwest 4 Wheel Drive. Major motor sports teams may also construct in-house trucks.

According to Macaroni KID, the average cost for a complete monster truck is around $250,000. The article breaks down the costs for various components, including:

• Engines: Custom-built, supercharged and methanol-injected engines cost an average of $50,000 each, with teams typically going through five engines per year.
• Bodies: Made of fiberglass, a custom-designed monster truck body costs an average of $15,000 initially, with remakes costing around $8,000.
• Tires: Manufactured by Goodyear and Firestone, monster truck tires cost approximately $2,600 each and take about 50 hours to customize and hand cut.
• Shocks: Nitrogen gas shocks cost an average of $1,600 each, with some trucks running up to two per tire.

In contrast, MotorBiscuit reports that the average cost to get a monster truck competition-ready is about $150,000, with the engine alone costing around $40,000. The article highlights that the cost of keeping a truck operational each year can be nearly as much as the initial purchase price.

Motor1.com features a homemade monster truck built by a Canadian named Jordan, which stands 10 feet tall and cost $100,000 to build. The truck features a custom frame, a 6.6-liter Duramax diesel engine, and massive tires.

Used Monster Truck Purchase Prices

For those wanting to purchase a used monster truck, this option provides a more affordable entry point to ownership, often 40-60% less than new. Used pricing averages:

• Older, basic trucks – $75,000 to $150,000
• Late model trucks – $150,000 to $250,000
• Well-maintained former race trucks – $200,000 to $350,000

When evaluating used monster trucks, carefully inspect factors like:

• Age and overall condition
• Quality of initial build and components
• Documentation of maintenance and repairs
• Extent of use and racing/performance history
• Any recent upgrades or improvements

While used monster trucks cost considerably less upfront, anticipate higher repair and restoration costs, especially with older trucks that have logged extensive run time and jumps. Thorough inspection by a specialist is highly recommended before purchasing any used monster.

Building a Custom Monster Truck

Some monster truck enthusiasts choose to build their own custom truck from the ground up. While this option allows for ultimate control over the quality of parts used, building a truck demands even higher expenses than purchasing new. You can expect to invest:

• $150,000 to $250,000 for a basic custom build
• $250,000 to $500,000 for a high-performance custom truck
• $500,000+ for an elite competitive build

Major truck components include:

• Chassis frame and body – $50,000 to $150,000
• Engine and drive train – $50,000 to $250,000+
• Suspension system – $30,000 to $100,000
• Wheels and tires – $3,000 to $10,000 per tire
• Steering mechanisms – $10,000 to $50,000
• Shock absorbers and mounts – $5,000 to $30,000 per corner
• Braking systems – $10,000 to $30,000
• Fuel systems – $5,000 to $15,000
• Control electronics – $10,000 to $30,000
• Audiovisual systems – $5,000 to $20,000
• Body styling and paint – $10,000 to $30,000
• Interior components – $5,000 to $30,000

Plus, extensive labor expenses for integrating all systems. Using ultra high-end parts pushes the costs even higher.

You might also like our articles about the cost of a four-wheeler, a dune buggy, or a UTV.

Typical Monster Truck Maintenance Costs

Once you acquire your monster truck, regular repair and maintenance is crucial to keeping these complex machines in peak operating condition. Annual expenses can easily range:

• Basic upkeep – $15,000 to $30,000
• Frequent use – $30,000 to $50,000
• Heavy use/competition – $50,000 to $100,000+

Typical regular maintenance items and costs:

• Oil changes and filter service – $500 per event
• Tire replacement – $5,000 to $15,000 per set
• Brake pad/rotor replacement – $2,000 per axle
• Suspension/alignment adjustments – $2,000 per axle
• Engine tuning and minor repairs – $2,000 to $10,000

Potential major repair expenses:

• Major engine rebuild – $15,000 to $50,000
• Transmission/driveline rebuilds – $10,000 to $30,000
• Axle and 4WD repairs – $2,000 to $20,000
• Body damage repair – $5,000 to $50,000
• Custom fabrication for crashes – $5,000 to $100,000+

While exact costs vary, properly maintaining a monster truck can easily exceed over $100,000 annually for trucks seeing frequent use and competitive driving.

Additional Ongoing Ownership Expenses

Beyond routine repairs and maintenance, monster truck owners must budget for expenses including:

Insurance Coverage

• Comprehensive coverage – $10,000 to $30,000 annually

Vehicle Storage

• Indoor storage facilities – $1,000 to $5,000 monthly

Transportation Costs

• Enclosed trailers – $50,000 to $100,000+ one-time cost
• Transport to events – $5,000 to $15,000 per major event

Crew Labor

• Mechanics, drivers, support team – $500 to $5,000 per event

These costs quickly add up, especially for trucks competing professionally across the country. Storage and transport are some of the biggest hidden expenses of monster truck ownership.

Monster Truck Fuel Efficiency

One major ongoing expense for monster truck operation is filling the massive fuel tank required to power these thousands-of-horsepower engines. Fuel efficiency is extremely poor:

• 1 to 5 miles per gallon is typical

This results in huge fuel costs:

• $500 to $1,000+ per event
• $5,000+ for a multi-event road trip

Choosing higher efficiency engines when building a truck helps marginally. But be prepared for sky-high gas bills as the tradeoff for monumental horsepower.

Insurance Requirements and Costs

Due to their extreme nature, insuring a monster truck requires specialized coverage. Typical annual insurance costs range from:

• Basic liability – $7,500 to $15,000
• Comprehensive coverage – $15,000 to $30,000
• Competition coverage – $25,000 to $50,000

Factors affecting insurance pricing:

• Truck value – More expensive trucks cost more to insure
• Desired liability limits – Higher coverage costs more
• Safety features – Advanced fire suppression lowers rates
• Event participation – Competing raises premiums

Finding providers experienced in insuring monster trucks is crucial for getting adequate, affordable coverage.

Transportation, Trailering, and Storage

Transporting and storing a 12,000 pound, 12-foot-tall monster truck requires special accommodations:

Transportation Costs

• Enclosed trailers – $75,000 to $150,000
• Fuel and maintenance for transport truck/RV
• Freight shipping to events – $5,000 to $15,000

Storage Expenses

• Indoor heated storage – $1,000 to $5,000 monthly
• Outdoor storage with shelter – $500 to $2,000 monthly
• Fenced storage yards – $300 to $1,000 monthly

Shop building your own custom trailer can save on transportation costs. Look for storage options outside of dense urban areas to reduce expenses.

Additional Considerations

If you want to drive your monster truck professionally in competitions, rallies, and extreme events, additional major expenses include:

Entry Fees

• Major events like Monster Jam – $15,000 to $30,000
• Smaller shows – $2,000 to $10,000

Team/Crew Costs

• Mechanics, assistants, support team – $10,000 to $30,000 per event
• Driver salaries – $5,000 to $20,000 for big events

Merchandise and Marketing

• Event booth, merchandise – $2,000 to $10,000
• Graphics, promotions – $5,000 to $20,000

While offering the potential for significant prize earnings, competing professionally demands even larger investments in truck prep, logistics, marketing, and labor.

Alternative Option – Renting a Monster Truck

For some, renting a monster truck may be a more practical option than purchasing. Rental rates typically range:

• Basic truck rental – $10,000 – $30,000 per event
• Top truck with pro driver – $30,000 – $100,000 per event

Rentals allow experiencing monster trucks without the maintenance and transport headaches. But availability is limited for extremely in-demand trucks.

Final Words

From new trucks around $250,000 to custom builds exceeding $400,000, monster trucks demand major investment. But for serious fans, the opportunity to own one of these legendary vehicles can be priceless.

Understand all ownership costs, research trucks thoroughly, and keep ample budget for ongoing care and maintenance. While costly, few vehicles can match the sheer fun and excitement of crushing cars under giant tires.

Answers to Common Questions

Can I bring a backpack to Monster Jam?

Most Monster Jam events allow small bags and purses along with clear plastic bags up to a certain size (typically 12” x 12” x 6”). Backpacks and most opaque bags are restricted for security reasons. Check your event’s specific bag policy before attending.

How much do monster truck drivers make per show?

Top Monster Jam drivers can earn $5,000-$10,000 per show, along with merchandise sales commissions and other bonuses that may add $100,000 or more in annual income. However, less famous drivers may only earn a few hundred dollars for simple independent shows. The driver’s skill and fan following significantly impact earnings.

How much does a monster truck lift cost?

Installing a hydraulic lift kit on a heavy-duty pickup truck to give it monster truck style ranges from $3,000-$8,000 for the equipment. But lifting the truck’s suspension also requires upgraded driveline parts costing several thousand additional dollars, plus professional installation fees of around $1,000. So expect an initial investment of $8,000-$15,000 for a serious monster truck lift kit setup.