Bobcat S650 vs Caterpillar 232D: Which Is the Better Value?
The Bobcat S650 averages $30,170 CAD at auction, compared to $10,155 for the Caterpillar 232D. That's a $20,014 difference. Based on 153 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 232D is the better value buy for most Canadian buyers, averaging $20,014 less than the S650.
Bobcat S650
SSL$30,170 CAD avg
$2,622
Low
$76,891
High
150
Sales
Avg 2,838 hours · 2010–2023 model years
Full price guide →Caterpillar 232D
SSL$10,155 CAD avg
$9,259
Low
$11,040
High
3
Sales
Avg 3,300 hours · 2015–2016 model years
Full price guide →How do S650 and 232D specs compare?
| Spec | Bobcat S650 | Caterpillar 232D |
|---|---|---|
| Horsepower | 74 hp | — |
| Rated Operating Capacity | 2,200 lbs | — |
| Operating Weight | 7,555 lbs | — |
| Lift Type | radial | — |
| Frame Size | mid | — |
| High Flow | 1 gpm | — |
What are the key differences between S650 and 232D?
- Price: The 232D is $20,014 cheaper on average (66% savings).
- Usage: Used S650s average 2,838 hours while 232Ds average 3,300 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a S650 or 232D? Check current listings with Deal Scores.
Which is the better value: S650 or 232D?
Choose the Bobcat S650 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 232D if:
- You want lower upfront cost ($20,014 savings)
- You prefer Caterpillar's dealer network and parts availability
How do S650 and 232D prices compare by year?
| Year | Bobcat S650 | Caterpillar 232D |
|---|---|---|
| 2023 | $64,829 (2) | — |
| 2020 | $75,257 (2) | — |
| 2019 | $41,116 (15) | — |
| 2018 | $30,968 (4) | — |
| 2017 | $33,870 (4) | — |
| 2016 | $31,346 (22) | $9,713 (2) |
| 2015 | $27,056 (23) | $11,040 (1) |
| 2014 | $28,387 (38) | — |
| 2013 | $24,535 (12) | — |
| 2012 | $26,569 (8) | — |
| 2011 | $20,147 (8) | — |
| 2010 | $27,817 (10) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S650 and 232D prices compare by hours?
| Hours | Bobcat S650 | Caterpillar 232D |
|---|---|---|
| 0-999 hrs | $48,935 (18) | — |
| 1,000-1,999 hrs | $35,423 (34) | — |
| 2,000-2,999 hrs | $29,489 (33) | — |
| 3,000-3,999 hrs | $28,488 (24) | $11,040 (1) |
| 4,000+ hrs | $19,654 (28) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a S650 or 232D in Canada?
Bobcat S650
2013 Bobcat S650
3,383 hrs · Penticton
$41,900 CAD
2016 Bobcat S650
3,660 hrs · Brampton
$32,000 CAD
2017 Bobcat S650
2,280 hrs · Brampton
$40,000 CAD
2019 Bobcat S650
2,350 hrs · Winnipeg
$37,500 CAD
Caterpillar 232D
No active listings right now.
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