Bobcat S550 vs Caterpillar 248B: Which Is the Better Value?
The Bobcat S550 averages $23,450 CAD at auction, compared to $16,409 for the Caterpillar 248B. That's a $7,040 difference. Based on 40 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $7,040 less than the S550.
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 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →How do S550 and 248B specs compare?
| Spec | Bobcat S550 | Caterpillar 248B |
|---|---|---|
| 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 248B?
- Price: The 248B is $7,040 cheaper on average (30% savings).
- Usage: Used S550s average 2,354 hours while 248Bs average 4,803 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a S550 or 248B? Check current listings with Deal Scores.
Which is the better value: S550 or 248B?
Choose the Bobcat S550 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 248B if:
- You want lower upfront cost ($7,040 savings)
- You prefer Caterpillar's dealer network and parts availability
How do S550 and 248B prices compare by year?
| Year | Bobcat S550 | Caterpillar 248B |
|---|---|---|
| 2020 | $10,994 (3) | — |
| 2019 | $15,717 (4) | — |
| 2018 | $36,125 (4) | — |
| 2017 | $26,909 (4) | — |
| 2016 | $19,974 (5) | — |
| 2015 | $28,738 (4) | — |
| 2007 | — | $18,337 (2) |
| 2006 | — | $13,251 (6) |
| 2005 | — | $17,812 (6) |
| 2004 | — | $19,747 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S550 and 248B prices compare by hours?
| Hours | Bobcat S550 | Caterpillar 248B |
|---|---|---|
| 0-999 hrs | $47,225 (2) | $22,270 (4) |
| 1,000-1,999 hrs | $20,665 (11) | — |
| 2,000-2,999 hrs | $24,334 (6) | $18,337 (2) |
| 3,000-3,999 hrs | $18,083 (3) | $14,322 (4) |
| 4,000+ hrs | $20,394 (2) | $13,251 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a S550 or 248B 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 248B
No active listings right now.
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