Bobcat S650 vs New Holland L228: Which Is the Better Value?
The Bobcat S650 averages $30,170 CAD at auction, compared to $24,977 for the New Holland L228. That's a $5,193 difference. Power-wise, the S650 offers 74 HP versus the L228's 74 HP. The S650 has 2,200 lb rated operating capacity vs 2,400 lb for the L228. Based on 164 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L228 is the better value buy for most Canadian buyers, averaging $5,193 less than the S650. With similar specs, the price difference is hard to justify unless you have a strong brand preference.
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 →New Holland L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do S650 and L228 specs compare?
| Spec | Bobcat S650 | New Holland L228 |
|---|---|---|
| Horsepower | 74 hp | 74 hp |
| Rated Operating Capacity | 2,200 lbs | 2,400 lbs |
| Operating Weight | 7,555 lbs | 7,560 lbs |
| Lift Type | radial | vertical |
| Frame Size | mid | mid |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between S650 and L228?
- Price: The L228 is $5,193 cheaper on average (17% savings).
- Lifting Capacity: The L228 lifts 200 lbs more (2,400 lb ROC).
- Lift Type: S650 uses radial lift while L228 uses vertical lift.
- Usage: Used S650s average 2,838 hours while L228s average 2,064 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a S650 or L228? Check current listings with Deal Scores.
Which is the better value: S650 or L228?
Choose the Bobcat S650 if:
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland L228 if:
- You want lower upfront cost ($5,193 savings)
- You need higher lifting capacity (2,400 lbs)
- You prefer New Holland's dealer network and parts availability
How do S650 and L228 prices compare by year?
| Year | Bobcat S650 | New Holland L228 |
|---|---|---|
| 2023 | $64,829 (2) | — |
| 2020 | $75,257 (2) | — |
| 2019 | $41,116 (15) | $26,965 (2) |
| 2018 | $30,968 (4) | $19,998 (4) |
| 2017 | $33,870 (4) | — |
| 2016 | $31,346 (22) | $22,083 (6) |
| 2015 | $27,056 (23) | $41,627 (2) |
| 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 L228 prices compare by hours?
| Hours | Bobcat S650 | New Holland L228 |
|---|---|---|
| 0-999 hrs | $48,935 (18) | — |
| 1,000-1,999 hrs | $35,423 (34) | $33,937 (6) |
| 2,000-2,999 hrs | $29,489 (33) | $19,998 (4) |
| 3,000-3,999 hrs | $28,488 (24) | $14,846 (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 L228 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
New Holland L228
No active listings right now.
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