Bobcat T550 vs Bobcat T62: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $40,993 for the Bobcat T62. That's a $11,580 difference. Based on 50 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T550 is the better value buy for most Canadian buyers, averaging $11,580 less than the T62.
Bobcat T550
CTL$29,412 CAD avg
$15,869
Low
$43,263
High
43
Sales
Avg 1,934 hours · 2013–2020 model years
Full price guide →Bobcat T62
SSL$40,993 CAD avg
$31,118
Low
$45,509
High
7
Sales
Avg 1,681 hours · 2021–2022 model years
Full price guide →How do T550 and T62 specs compare?
| Spec | Bobcat T550 | Bobcat T62 |
|---|---|---|
| Horsepower | 61 hp | — |
| Rated Operating Capacity | 1,595 lbs | — |
| Operating Weight | 7,215 lbs | — |
| Lift Type | vertical | — |
| Frame Size | small | — |
What are the key differences between T550 and T62?
- Price: The T550 is $11,580 cheaper on average (28% savings).
- Track Type: T550 is a compact track loader (CTL) while T62 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Bobcat retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or T62? Check current listings with Deal Scores.
Which is the better value: T550 or T62?
Choose the Bobcat T550 if:
- You want lower upfront cost ($11,580 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Bobcat T62 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
How do T550 and T62 prices compare by year?
| Year | Bobcat T550 | Bobcat T62 |
|---|---|---|
| 2022 | — | $31,118 (1) |
| 2021 | — | $42,639 (6) |
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | — |
| 2018 | $27,779 (4) | — |
| 2017 | $33,258 (6) | — |
| 2016 | $32,798 (8) | — |
| 2015 | $35,516 (6) | — |
| 2014 | $35,291 (6) | — |
| 2013 | $23,370 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and T62 prices compare by hours?
| Hours | Bobcat T550 | Bobcat T62 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | $40,993 (7) |
| 2,000-2,999 hrs | $31,099 (14) | — |
| 3,000-3,999 hrs | $33,996 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or T62 in Canada?
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