Bobcat S550 vs Caterpillar 248B: Which Is the Better Value?

| Based on 40 verified Canadian auction sales

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?

Bobcat S550 vs Caterpillar 248B specifications comparison
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

How do S550 and 248B prices compare by year?

Bobcat S550 vs Caterpillar 248B prices by model year (CAD)
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?

Bobcat S550 vs Caterpillar 248B prices by hours (CAD)
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?

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