Bobcat T450 vs Caterpillar 242B3: Which Is the Better Value?
The Bobcat T450 averages $32,160 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $5,830 difference. Based on 38 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 $5,830 less than the T450.
Bobcat T450
CTL$32,160 CAD avg
$10,777
Low
$56,165
High
30
Sales
Avg 1,784 hours · 2014–2022 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 →How do T450 and 242B3 specs compare?
| Spec | Bobcat T450 | Caterpillar 242B3 |
|---|---|---|
| Horsepower | 61 hp | — |
| Rated Operating Capacity | 1,400 lbs | — |
| Operating Weight | 7,065 lbs | — |
| Lift Type | radial | — |
| Frame Size | small | — |
What are the key differences between T450 and 242B3?
- Price: The 242B3 is $5,830 cheaper on average (18% savings).
- Track Type: T450 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.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T450 or 242B3? Check current listings with Deal Scores.
Which is the better value: T450 or 242B3?
Choose the Bobcat T450 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 ($5,830 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T450 and 242B3 prices compare by year?
| Year | Bobcat T450 | Caterpillar 242B3 |
|---|---|---|
| 2022 | $41,943 (2) | — |
| 2020 | $39,997 (6) | — |
| 2019 | $30,257 (4) | — |
| 2017 | $32,994 (6) | — |
| 2016 | $33,662 (2) | — |
| 2015 | $24,848 (8) | — |
| 2014 | $27,908 (2) | — |
| 2013 | — | $26,032 (2) |
| 2012 | — | $26,428 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T450 and 242B3 prices compare by hours?
| Hours | Bobcat T450 | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | $43,015 (6) | $26,032 (2) |
| 1,000-1,999 hrs | $32,075 (10) | $25,297 (4) |
| 2,000-2,999 hrs | $30,291 (12) | — |
| 3,000-3,999 hrs | $11,227 (2) | — |
| 4,000+ hrs | — | $28,690 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T450 or 242B3 in Canada?
Bobcat T450
2022 Bobcat T450
810 hrs · Orillia
$49,000 CAD
2020 Bobcat T450
N/A hrs · Markham / York Region
$42,900 CAD
2026 Bobcat T450
N/A hrs · Lethbridge
$94,900 CAD
2024 Bobcat T450
309 hrs · Regina
$80,000 CAD
Caterpillar 242B3
No active listings right now.
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