Bobcat T55 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat T55 averages $13,407 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $33,098 difference. Based on 55 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 $33,098 less than the 242D3.
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 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 T55 and 242D3?
- Price: The T55 is $33,098 cheaper on average (71% savings).
- Track Type: T55 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.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T55 or 242D3? Check current listings with Deal Scores.
Which is the better value: T55 or 242D3?
Choose the Bobcat T55 if:
- You want lower upfront cost ($33,098 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 T55 and 242D3 prices compare by year?
| Year | Bobcat T55 | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | $21,561 (2) | $42,756 (4) |
| 2016 | $9,700 (2) | — |
| 2015 | $12,120 (2) | — |
| 2014 | $10,884 (4) | — |
| 2012 | $16,319 (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 242D3 prices compare by hours?
| Hours | Bobcat T55 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $14,421 (16) | $73,117 (2) |
| 1,000-1,999 hrs | $13,916 (14) | $52,417 (4) |
| 2,000-2,999 hrs | $11,473 (12) | $25,806 (2) |
| 3,000-3,999 hrs | $12,198 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T55 or 242D3 in Canada?
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