Bobcat S510 vs Takeuchi TL12V2: Which Is the Better Value?
The Bobcat S510 averages $23,370 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $26,102 difference. Power-wise, the S510 offers 46 HP versus the TL12V2's 117 HP. The S510 has 1,350 lb rated operating capacity vs 3,600 lb for the TL12V2. Based on 38 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat S510 is the better value buy for most Canadian buyers, averaging $26,102 less than the TL12V2. The TL12V2 is worth the premium if you specifically need the extra 71 HP or the higher 3,600 lb lifting capacity .
Bobcat S510
SSL$23,370 CAD avg
$17,457
Low
$30,231
High
12
Sales
Avg 1,969 hours · 2014–2016 model years
Full price guide →Takeuchi TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do S510 and TL12V2 specs compare?
| Spec | Bobcat S510 | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | 46 hp | 117 hp |
| Rated Operating Capacity | 1,350 lbs | 3,600 lbs |
| Operating Weight | 5,360 lbs | 13,051 lbs |
| Lift Type | vertical | vertical |
| Frame Size | small | large |
| High Flow | — | 1 gpm |
What are the key differences between S510 and TL12V2?
- Price: The S510 is $26,102 cheaper on average (53% savings).
- Power: The TL12V2 has 71 more horsepower (117 HP vs 46 HP).
- Lifting Capacity: The TL12V2 lifts 2250 lbs more (3,600 lb ROC).
- Track Type: S510 is a wheeled skid steer (SSL) while TL12V2 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a S510 or TL12V2? Check current listings with Deal Scores.
Which is the better value: S510 or TL12V2?
Choose the Bobcat S510 if:
- You want lower upfront cost ($26,102 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You need more power (117 HP)
- You need higher lifting capacity (3,600 lbs)
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do S510 and TL12V2 prices compare by year?
| Year | Bobcat S510 | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | $24,849 (2) | $54,962 (8) |
| 2015 | $23,726 (4) | — |
| 2014 | $22,639 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S510 and TL12V2 prices compare by hours?
| Hours | Bobcat S510 | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | — | $78,440 (4) |
| 1,000-1,999 hrs | $23,374 (8) | $43,156 (6) |
| 2,000-2,999 hrs | — | $57,260 (8) |
| 3,000-3,999 hrs | $23,361 (4) | $31,189 (4) |
| 4,000+ hrs | — | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a S510 or TL12V2 in Canada?
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