Bobcat T550 vs Caterpillar 118C: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $3,233 for the Caterpillar 118C. That's a $26,179 difference. Based on 77 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 118C is the better value buy for most Canadian buyers, averaging $26,179 less than the T550.
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 →How do T550 and 118C specs compare?
| Spec | Bobcat T550 | Caterpillar 118C |
|---|---|---|
| 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 118C?
- Price: The 118C is $26,179 cheaper on average (89% savings).
- Track Type: T550 is a compact track loader (CTL) while 118C 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 T550 or 118C? Check current listings with Deal Scores.
Which is the better value: T550 or 118C?
Choose the Bobcat T550 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 118C if:
- You want lower upfront cost ($26,179 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 118C prices compare by year?
| Year | Bobcat T550 | Caterpillar 118C |
|---|---|---|
| 2022 | — | $4,891 (2) |
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | $4,200 (2) |
| 2018 | $27,779 (4) | $3,127 (2) |
| 2017 | $33,258 (6) | $2,189 (2) |
| 2016 | $32,798 (8) | — |
| 2015 | $35,516 (6) | — |
| 2014 | $35,291 (6) | $2,032 (6) |
| 2013 | $23,370 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 118C prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 118C |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 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 118C in Canada?
Bobcat T550
2015 Bobcat T550
2,389 hrs · Kitchener
$29,900 CAD
2022 Bobcat T550
265 hrs · Elmwood
$69,995 CAD
2018 Bobcat T550
3,972 hrs · Sarnia
$33,400 CAD
Caterpillar 118C
No active listings right now.
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