Bobcat S550 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat S550 averages $23,450 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $23,055 difference. Based on 33 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat S550 is the better value buy for most Canadian buyers, averaging $23,055 less than the 242D3.
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 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →How do S550 and 242D3 specs compare?
| Spec | Bobcat S550 | Caterpillar 242D3 |
|---|---|---|
| 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 242D3?
- Price: The S550 is $23,055 cheaper on average (50% savings).
- Usage: Used S550s average 2,354 hours while 242D3s average 1,362 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a S550 or 242D3? Check current listings with Deal Scores.
Which is the better value: S550 or 242D3?
Choose the Bobcat S550 if:
- You want lower upfront cost ($23,055 savings)
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do S550 and 242D3 prices compare by year?
| Year | Bobcat S550 | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | $10,994 (3) | $42,756 (4) |
| 2019 | $15,717 (4) | — |
| 2018 | $36,125 (4) | — |
| 2017 | $26,909 (4) | — |
| 2016 | $19,974 (5) | — |
| 2015 | $28,738 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S550 and 242D3 prices compare by hours?
| Hours | Bobcat S550 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $47,225 (2) | $73,117 (2) |
| 1,000-1,999 hrs | $20,665 (11) | $52,417 (4) |
| 2,000-2,999 hrs | $24,334 (6) | $25,806 (2) |
| 3,000-3,999 hrs | $18,083 (3) | — |
| 4,000+ hrs | $20,394 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a S550 or 242D3 in Canada?
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