Bobcat T550 vs Caterpillar 262B: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $18,443 for the Caterpillar 262B. That's a $10,968 difference. Based on 63 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262B is the better value buy for most Canadian buyers, averaging $10,968 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 262B
SSL$18,443 CAD avg
$11,840
Low
$26,564
High
20
Sales
Avg 4,186 hours · 2004–2007 model years
Full price guide →How do T550 and 262B specs compare?
| Spec | Bobcat T550 | Caterpillar 262B |
|---|---|---|
| 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 262B?
- Price: The 262B is $10,968 cheaper on average (37% savings).
- Track Type: T550 is a compact track loader (CTL) while 262B 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 262Bs average 4,186 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 262B? Check current listings with Deal Scores.
Which is the better value: T550 or 262B?
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 262B if:
- You want lower upfront cost ($10,968 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T550 and 262B prices compare by year?
| Year | Bobcat T550 | Caterpillar 262B |
|---|---|---|
| 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 | — | $19,357 (2) |
| 2006 | — | $16,135 (10) |
| 2005 | — | $21,753 (6) |
| 2004 | — | $19,143 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 262B prices compare by hours?
| Hours | Bobcat T550 | Caterpillar 262B |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $22,441 (2) |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | $19,614 (2) |
| 3,000-3,999 hrs | $33,996 (2) | $19,357 (2) |
| 4,000+ hrs | — | $16,410 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 262B 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 262B
No active listings right now.
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