Bobcat T550 vs Caterpillar 216B: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $10,126 for the Caterpillar 216B. That's a $19,285 difference. Based on 54 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 216B is the better value buy for most Canadian buyers, averaging $19,285 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 →Caterpillar 216B
SSL$10,126 CAD avg
$4,001
Low
$18,088
High
11
Sales
Avg 2,042 hours · 2005–2007 model years
Full price guide →How do T550 and 216B specs compare?
| Spec | Bobcat T550 | Caterpillar 216B |
|---|---|---|
| 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 216B?
- Price: The 216B is $19,285 cheaper on average (66% savings).
- Track Type: T550 is a compact track loader (CTL) while 216B 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 216B? Check current listings with Deal Scores.
Which is the better value: T550 or 216B?
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 216B if:
- You want lower upfront cost ($19,285 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 216B prices compare by year?
| Year | Bobcat T550 | Caterpillar 216B |
|---|---|---|
| 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) | — |
| 2007 | — | $4,371 (2) |
| 2006 | — | $17,772 (2) |
| 2005 | — | $10,517 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 216B prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 216B |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $10,721 (4) |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | — |
| 3,000-3,999 hrs | $33,996 (2) | — |
| 4,000+ hrs | — | $17,772 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 216B 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 216B
No active listings right now.
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