Bobcat T450 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat T450 averages $32,160 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $14,346 difference. Based on 39 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T450 is the better value buy for most Canadian buyers, averaging $14,346 less than the 242D3.
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 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 →How do T450 and 242D3 specs compare?
| Spec | Bobcat T450 | Caterpillar 242D3 |
|---|---|---|
| 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 242D3?
- Price: The T450 is $14,346 cheaper on average (31% savings).
- Track Type: T450 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 T450s average 1,784 hours while 242D3s average 1,362 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T450 or 242D3? Check current listings with Deal Scores.
Which is the better value: T450 or 242D3?
Choose the Bobcat T450 if:
- You want lower upfront cost ($14,346 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 T450 and 242D3 prices compare by year?
| Year | Bobcat T450 | Caterpillar 242D3 |
|---|---|---|
| 2022 | $41,943 (2) | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | $39,997 (6) | $42,756 (4) |
| 2019 | $30,257 (4) | — |
| 2017 | $32,994 (6) | — |
| 2016 | $33,662 (2) | — |
| 2015 | $24,848 (8) | — |
| 2014 | $27,908 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T450 and 242D3 prices compare by hours?
| Hours | Bobcat T450 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $43,015 (6) | $73,117 (2) |
| 1,000-1,999 hrs | $32,075 (10) | $52,417 (4) |
| 2,000-2,999 hrs | $30,291 (12) | $25,806 (2) |
| 3,000-3,999 hrs | $11,227 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T450 or 242D3 in Canada?
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