Bobcat T550 vs Caterpillar 246C: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $20,251 for the Caterpillar 246C. That's a $9,161 difference. Based on 82 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 246C is the better value buy for most Canadian buyers, averaging $9,161 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 246C
SSL$20,251 CAD avg
$7,286
Low
$34,905
High
39
Sales
Avg 5,344 hours · 2007–2013 model years
Full price guide →How do T550 and 246C specs compare?
| Spec | Bobcat T550 | Caterpillar 246C |
|---|---|---|
| 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 246C?
- Price: The 246C is $9,161 cheaper on average (31% savings).
- Track Type: T550 is a compact track loader (CTL) while 246C 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 246Cs average 5,344 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 246C? Check current listings with Deal Scores.
Which is the better value: T550 or 246C?
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 246C if:
- You want lower upfront cost ($9,161 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 246C prices compare by year?
| Year | Bobcat T550 | Caterpillar 246C |
|---|---|---|
| 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) | $27,179 (2) |
| 2012 | — | $23,133 (8) |
| 2011 | — | $15,420 (10) |
| 2010 | — | $25,021 (10) |
| 2008 | — | $11,542 (6) |
| 2007 | — | $25,566 (3) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 246C prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 246C |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $34,530 (2) |
| 1,000-1,999 hrs | $27,579 (25) | $27,768 (2) |
| 2,000-2,999 hrs | $31,099 (14) | $14,406 (2) |
| 3,000-3,999 hrs | $33,996 (2) | $22,295 (4) |
| 4,000+ hrs | — | $19,048 (27) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 246C in Canada?
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