Bobcat T55 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat T55 averages $13,407 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $5,357 difference. Based on 68 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T55 is the better value buy for most Canadian buyers, averaging $5,357 less than the 242B.
Bobcat T55
CTL$13,407 CAD avg
$6,830
Low
$29,087
High
46
Sales
Avg 1,523 hours · 2005–2020 model years
Full price guide →Caterpillar 242B
SSL$18,764 CAD avg
$7,286
Low
$29,380
High
22
Sales
Avg 3,523 hours · 2004–2013 model years
Full price guide →What are the key differences between T55 and 242B?
- Price: The T55 is $5,357 cheaper on average (29% savings).
- Track Type: T55 is a compact track loader (CTL) while 242B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T55s average 1,523 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T55 or 242B? Check current listings with Deal Scores.
Which is the better value: T55 or 242B?
Choose the Bobcat T55 if:
- You want lower upfront cost ($5,357 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T55 and 242B prices compare by year?
| Year | Bobcat T55 | Caterpillar 242B |
|---|---|---|
| 2020 | $21,561 (2) | — |
| 2016 | $9,700 (2) | — |
| 2015 | $12,120 (2) | — |
| 2014 | $10,884 (4) | — |
| 2013 | — | $17,396 (2) |
| 2012 | $16,319 (6) | $19,401 (2) |
| 2011 | $22,473 (4) | — |
| 2009 | $10,898 (2) | — |
| 2008 | $11,517 (6) | $29,111 (2) |
| 2007 | $11,345 (4) | — |
| 2006 | — | $27,942 (2) |
| 2005 | $10,726 (10) | $16,962 (10) |
| 2004 | — | $13,874 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T55 and 242B prices compare by hours?
| Hours | Bobcat T55 | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $14,421 (16) | — |
| 1,000-1,999 hrs | $13,916 (14) | $19,840 (4) |
| 2,000-2,999 hrs | $11,473 (12) | $24,793 (4) |
| 3,000-3,999 hrs | $12,198 (2) | — |
| 4,000+ hrs | — | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T55 or 242B in Canada?
Bobcat T55
2014 Bobcat T55
1,723 hrs · Sherbrooke
$23,000 CAD
2014 Bobcat T55
875 hrs · Elmwood
$14,995 CAD
2012 Bobcat T55
1,630 hrs · Sherbrooke
$21,500 CAD
2012 Bobcat T55
1,630 hrs · Sherbrooke
$21,500 CAD
Caterpillar 242B
No active listings right now.
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