Bobcat T550 vs Caterpillar 226B3: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $16,707 for the Caterpillar 226B3. That's a $12,705 difference. Based on 62 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 226B3 is the better value buy for most Canadian buyers, averaging $12,705 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 226B3
SSL$16,707 CAD avg
$10,018
Low
$38,709
High
19
Sales
Avg 4,434 hours · 2011–2015 model years
Full price guide →How do T550 and 226B3 specs compare?
| Spec | Bobcat T550 | Caterpillar 226B3 |
|---|---|---|
| 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 226B3?
- Price: The 226B3 is $12,705 cheaper on average (43% savings).
- Track Type: T550 is a compact track loader (CTL) while 226B3 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T550s average 1,934 hours while 226B3s average 4,434 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 226B3? Check current listings with Deal Scores.
Which is the better value: T550 or 226B3?
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 226B3 if:
- You want lower upfront cost ($12,705 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 226B3 prices compare by year?
| Year | Bobcat T550 | Caterpillar 226B3 |
|---|---|---|
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | — |
| 2018 | $27,779 (4) | — |
| 2017 | $33,258 (6) | — |
| 2016 | $32,798 (8) | — |
| 2015 | $35,516 (6) | $13,736 (3) |
| 2014 | $35,291 (6) | $26,522 (6) |
| 2013 | $23,370 (2) | — |
| 2012 | — | $11,578 (8) |
| 2011 | — | $12,230 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 226B3 prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 226B3 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $38,468 (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) | $14,084 (9) |
| 4,000+ hrs | — | $14,576 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 226B3 in Canada?
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