Bobcat S550 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat S550 averages $23,450 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $4,685 difference. Based on 46 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $4,685 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
Bobcat S550
SSL$23,450 CAD avg
$1,931
Low
$47,816
High
24
Sales
Avg 2,354 hours · 2015–2020 model years
Full price guide →Caterpillar 242B
SSL$18,764 CAD avg
$7,286
Low
$29,380
High
22
Sales
Avg 3,523 hours · 2004–2013 model years
Full price guide →How do S550 and 242B specs compare?
| Spec | Bobcat S550 | Caterpillar 242B |
|---|---|---|
| Horsepower | 46 hp | — |
| Rated Operating Capacity | 1,550 lbs | — |
| Operating Weight | 5,670 lbs | — |
| Lift Type | vertical | — |
| Frame Size | small | — |
What are the key differences between S550 and 242B?
- Price: The 242B is $4,685 cheaper on average (20% savings).
- Usage: Used S550s average 2,354 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a S550 or 242B? Check current listings with Deal Scores.
Which is the better value: S550 or 242B?
Choose the Bobcat S550 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You want lower upfront cost ($4,685 savings)
- You prefer Caterpillar's dealer network and parts availability
How do S550 and 242B prices compare by year?
| Year | Bobcat S550 | Caterpillar 242B |
|---|---|---|
| 2020 | $10,994 (3) | — |
| 2019 | $15,717 (4) | — |
| 2018 | $36,125 (4) | — |
| 2017 | $26,909 (4) | — |
| 2016 | $19,974 (5) | — |
| 2015 | $28,738 (4) | — |
| 2013 | — | $17,396 (2) |
| 2012 | — | $19,401 (2) |
| 2008 | — | $29,111 (2) |
| 2006 | — | $27,942 (2) |
| 2005 | — | $16,962 (10) |
| 2004 | — | $13,874 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S550 and 242B prices compare by hours?
| Hours | Bobcat S550 | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $47,225 (2) | — |
| 1,000-1,999 hrs | $20,665 (11) | $19,840 (4) |
| 2,000-2,999 hrs | $24,334 (6) | $24,793 (4) |
| 3,000-3,999 hrs | $18,083 (3) | — |
| 4,000+ hrs | $20,394 (2) | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a S550 or 242B in Canada?
Bobcat S550
2015 Bobcat S550
N/A hrs · Pembroke
$30,000 CAD
2018 Bobcat S550
547 hrs · Kingston
$28,800 CAD
2019 Bobcat S550
1,333 hrs · North York
$28,800 CAD
2018 Bobcat S550
2,300 hrs · Surrey
$32,000 CAD
Caterpillar 242B
No active listings right now.
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