Bobcat T320 vs Caterpillar 242D: Which Is the Better Value?
The Bobcat T320 averages $37,197 CAD at auction, compared to $23,555 for the Caterpillar 242D. That's a $13,641 difference. Based on 40 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242D is the better value buy for most Canadian buyers, averaging $13,641 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 242D
SSL$23,555 CAD avg
$10,018
Low
$34,666
High
12
Sales
Avg 3,839 hours · 2014–2018 model years
Full price guide →What are the key differences between T320 and 242D?
- Price: The 242D is $13,641 cheaper on average (37% savings).
- Track Type: T320 is a compact track loader (CTL) while 242D is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T320 or 242D? Check current listings with Deal Scores.
Which is the better value: T320 or 242D?
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 242D if:
- You want lower upfront cost ($13,641 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T320 and 242D prices compare by year?
| Year | Bobcat T320 | Caterpillar 242D |
|---|---|---|
| 2018 | — | $33,730 (2) |
| 2016 | — | $14,593 (2) |
| 2015 | — | $22,270 (4) |
| 2014 | — | $24,234 (4) |
| 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 242D prices compare by hours?
| Hours | Bobcat T320 | Caterpillar 242D |
|---|---|---|
| 0-999 hrs | $64,273 (2) | — |
| 1,000-1,999 hrs | $42,833 (10) | — |
| 2,000-2,999 hrs | $45,128 (4) | $26,090 (6) |
| 3,000-3,999 hrs | $30,174 (4) | $24,234 (4) |
| 4,000+ hrs | $24,838 (6) | $14,593 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T320 or 242D in Canada?
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