Bobcat T320 vs Caterpillar 242B3: Which Is the Better Value?
The Bobcat T320 averages $37,197 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $10,867 difference. Based on 36 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B3 is the better value buy for most Canadian buyers, averaging $10,867 less than the T320.
Bobcat T320
CTL$37,197 CAD avg
$16,256
Low
$65,550
High
28
Sales
Avg 3,572 hours · 2007–2011 model years
Full price guide →Caterpillar 242B3
SSL$26,329 CAD avg
$23,529
Low
$29,297
High
8
Sales
Avg 1,852 hours · 2012–2013 model years
Full price guide →What are the key differences between T320 and 242B3?
- Price: The 242B3 is $10,867 cheaper on average (29% savings).
- Track Type: T320 is a compact track loader (CTL) while 242B3 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T320s average 3,572 hours while 242B3s average 1,852 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T320 or 242B3? Check current listings with Deal Scores.
Which is the better value: T320 or 242B3?
Choose the Bobcat T320 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B3 if:
- You want lower upfront cost ($10,867 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T320 and 242B3 prices compare by year?
| Year | Bobcat T320 | Caterpillar 242B3 |
|---|---|---|
| 2013 | — | $26,032 (2) |
| 2012 | — | $26,428 (6) |
| 2011 | $35,564 (2) | — |
| 2010 | $36,076 (6) | — |
| 2009 | $30,126 (8) | — |
| 2008 | $41,635 (10) | — |
| 2007 | $48,286 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T320 and 242B3 prices compare by hours?
| Hours | Bobcat T320 | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | $64,273 (2) | $26,032 (2) |
| 1,000-1,999 hrs | $42,833 (10) | $25,297 (4) |
| 2,000-2,999 hrs | $45,128 (4) | — |
| 3,000-3,999 hrs | $30,174 (4) | — |
| 4,000+ hrs | $24,838 (6) | $28,690 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T320 or 242B3 in Canada?
Caterpillar 242B3
No active listings right now.
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