Bobcat T55 vs Caterpillar 242B3: Which Is the Better Value?
The Bobcat T55 averages $13,407 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $12,921 difference. Based on 54 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 $12,921 less than the 242B3.
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 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 →What are the key differences between T55 and 242B3?
- Price: The T55 is $12,921 cheaper on average (49% savings).
- Track Type: T55 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.
- Usage: Used T55s average 1,523 hours while 242B3s average 1,852 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T55 or 242B3? Check current listings with Deal Scores.
Which is the better value: T55 or 242B3?
Choose the Bobcat T55 if:
- You want lower upfront cost ($12,921 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T55 and 242B3 prices compare by year?
| Year | Bobcat T55 | Caterpillar 242B3 |
|---|---|---|
| 2020 | $21,561 (2) | — |
| 2016 | $9,700 (2) | — |
| 2015 | $12,120 (2) | — |
| 2014 | $10,884 (4) | — |
| 2013 | — | $26,032 (2) |
| 2012 | $16,319 (6) | $26,428 (6) |
| 2011 | $22,473 (4) | — |
| 2009 | $10,898 (2) | — |
| 2008 | $11,517 (6) | — |
| 2007 | $11,345 (4) | — |
| 2005 | $10,726 (10) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T55 and 242B3 prices compare by hours?
| Hours | Bobcat T55 | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | $14,421 (16) | $26,032 (2) |
| 1,000-1,999 hrs | $13,916 (14) | $25,297 (4) |
| 2,000-2,999 hrs | $11,473 (12) | — |
| 3,000-3,999 hrs | $12,198 (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 T55 or 242B3 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 242B3
No active listings right now.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Bobcat T55
We'll send you current pricing and available units. No spam.
Get a Price Quote on Caterpillar 242B3
We'll send you current pricing and available units. No spam.