Bobcat T320 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat T320 averages $37,197 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $9,309 difference. Based on 37 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T320 is the better value buy for most Canadian buyers, averaging $9,309 less than the 242D3.
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 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →What are the key differences between T320 and 242D3?
- Price: The T320 is $9,309 cheaper on average (20% savings).
- Track Type: T320 is a compact track loader (CTL) while 242D3 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 242D3s average 1,362 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T320 or 242D3? Check current listings with Deal Scores.
Which is the better value: T320 or 242D3?
Choose the Bobcat T320 if:
- You want lower upfront cost ($9,309 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T320 and 242D3 prices compare by year?
| Year | Bobcat T320 | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | — | $42,756 (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 242D3 prices compare by hours?
| Hours | Bobcat T320 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $64,273 (2) | $73,117 (2) |
| 1,000-1,999 hrs | $42,833 (10) | $52,417 (4) |
| 2,000-2,999 hrs | $45,128 (4) | $25,806 (2) |
| 3,000-3,999 hrs | $30,174 (4) | — |
| 4,000+ hrs | $24,838 (6) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T320 or 242D3 in Canada?
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