Bobcat T550 vs Gehl 562: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $9,276 for the Gehl 562. That's a $20,136 difference. Based on 51 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Gehl 562 is the better value buy for most Canadian buyers, averaging $20,136 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 →Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →How do T550 and 562 specs compare?
| Spec | Bobcat T550 | Gehl 562 |
|---|---|---|
| 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 562?
- Price: The 562 is $20,136 cheaper on average (68% savings).
- Track Type: T550 is a compact track loader (CTL) while 562 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 562s average 2,774 hours.
Both Bobcat and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 562? Check current listings with Deal Scores.
Which is the better value: T550 or 562?
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 Gehl 562 if:
- You want lower upfront cost ($20,136 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Gehl's dealer network and parts availability
How do T550 and 562 prices compare by year?
| Year | Bobcat T550 | Gehl 562 |
|---|---|---|
| 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) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and 562 prices compare by hours?
| Hours | Bobcat T550 | Gehl 562 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | $7,405 (2) |
| 2,000-2,999 hrs | $31,099 (14) | $4,890 (2) |
| 3,000-3,999 hrs | $33,996 (2) | $12,405 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 562 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
Gehl 562
No active listings right now.
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