Bobcat T550 vs Caterpillar 247B: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $21,335 for the Caterpillar 247B. That's a $8,077 difference. Based on 53 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 247B is the better value buy for most Canadian buyers, averaging $8,077 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 247B
CTL$21,335 CAD avg
$12,447
Low
$36,176
High
10
Sales
Avg 3,652 hours · 2005–2007 model years
Full price guide →How do T550 and 247B specs compare?
| Spec | Bobcat T550 | Caterpillar 247B |
|---|---|---|
| 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 247B?
- Price: The 247B is $8,077 cheaper on average (27% savings).
- Usage: Used T550s average 1,934 hours while 247Bs average 3,652 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 247B? Check current listings with Deal Scores.
Which is the better value: T550 or 247B?
Choose the Bobcat T550 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 247B if:
- You want lower upfront cost ($8,077 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 247B prices compare by year?
| Year | Bobcat T550 | Caterpillar 247B |
|---|---|---|
| 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 | — | $24,222 (4) |
| 2006 | — | $20,675 (4) |
| 2005 | — | $16,881 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 247B prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 247B |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | $24,225 (4) |
| 3,000-3,999 hrs | $33,996 (2) | $28,444 (2) |
| 4,000+ hrs | — | $14,890 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 247B 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 247B
No active listings right now.
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