Bobcat S650 vs Mustang TL20: Which Is the Better Value?
The Bobcat S650 averages $30,170 CAD at auction, compared to $21,778 for the Mustang TL20. That's a $8,392 difference. Based on 152 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Mustang TL20 is the better value buy for most Canadian buyers, averaging $8,392 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 →Mustang TL20
CTL$21,778 CAD avg
$21,545
Low
$22,011
High
2
Sales
Avg 3,720 hours · 2008–2008 model years
Full price guide →How do S650 and TL20 specs compare?
| Spec | Bobcat S650 | Mustang TL20 |
|---|---|---|
| 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 TL20?
- Price: The TL20 is $8,392 cheaper on average (28% savings).
- Track Type: S650 is a wheeled skid steer (SSL) while TL20 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used S650s average 2,838 hours while TL20s average 3,720 hours.
Both Bobcat and Mustang retain value well. See our depreciation guide for brand rankings.
Looking for a S650 or TL20? Check current listings with Deal Scores.
Which is the better value: S650 or TL20?
Choose the Bobcat S650 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Mustang TL20 if:
- You want lower upfront cost ($8,392 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Mustang's dealer network and parts availability
How do S650 and TL20 prices compare by year?
| Year | Bobcat S650 | Mustang TL20 |
|---|---|---|
| 2023 | $64,829 (2) | — |
| 2020 | $75,257 (2) | — |
| 2019 | $41,116 (15) | — |
| 2018 | $30,968 (4) | — |
| 2017 | $33,870 (4) | — |
| 2016 | $31,346 (22) | — |
| 2015 | $27,056 (23) | — |
| 2014 | $28,387 (38) | — |
| 2013 | $24,535 (12) | — |
| 2012 | $26,569 (8) | — |
| 2011 | $20,147 (8) | — |
| 2010 | $27,817 (10) | — |
| 2008 | — | $21,778 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do S650 and TL20 prices compare by hours?
| Hours | Bobcat S650 | Mustang TL20 |
|---|---|---|
| 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) | $21,778 (2) |
| 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 TL20 in Canada?
Bobcat S650
2019 Bobcat S650
2,350 hrs · Winnipeg
$37,500 CAD
2014 Bobcat S650
3,327 hrs · Fort Mcmurray
$35,700 CAD
2017 Bobcat S650
5,816 hrs · Calgary
$36,400 CAD
2017 Bobcat S650
3,320 hrs · Saskatoon
$40,900 CAD
Mustang TL20
No active listings right now.
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