Bobcat T550 vs John Deere 324G: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $46,031 for the John Deere 324G. That's a $16,618 difference. Power-wise, the T550 offers 61 HP versus the 324G's 74 HP. The T550 has 1,595 lb rated operating capacity vs 2,400 lb for the 324G. Based on 54 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T550 is the better value buy for most Canadian buyers, averaging $16,618 less than the 324G. The 324G is worth the premium if you specifically need the extra 13 HP or the higher 2,400 lb lifting capacity .
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 →John Deere 324G
SSL$46,031 CAD avg
$24,839
Low
$75,202
High
11
Sales
Avg 2,315 hours · 2019–2023 model years
Full price guide →How do T550 and 324G specs compare?
| Spec | Bobcat T550 | John Deere 324G |
|---|---|---|
| Horsepower | 61 hp | 74 hp |
| Rated Operating Capacity | 1,595 lbs | 2,400 lbs |
| Operating Weight | 7,215 lbs | 7,640 lbs |
| Lift Type | vertical | vertical |
| Frame Size | small | mid |
| High Flow | — | 1 gpm |
What are the key differences between T550 and 324G?
- Price: The T550 is $16,618 cheaper on average (36% savings).
- Power: The 324G has 13 more horsepower (74 HP vs 61 HP).
- Lifting Capacity: The 324G lifts 805 lbs more (2,400 lb ROC).
- Track Type: T550 is a compact track loader (CTL) while 324G 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 324Gs average 2,315 hours.
Both Bobcat and John Deere retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or 324G? Check current listings with Deal Scores.
Which is the better value: T550 or 324G?
Choose the Bobcat T550 if:
- You want lower upfront cost ($16,618 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the John Deere 324G if:
- You need more power (74 HP)
- You need higher lifting capacity (2,400 lbs)
- You work on pavement, concrete, or hard surfaces
- You prefer John Deere's dealer network and parts availability
How do T550 and 324G prices compare by year?
| Year | Bobcat T550 | John Deere 324G |
|---|---|---|
| 2023 | — | $71,376 (2) |
| 2022 | — | $26,834 (2) |
| 2021 | — | $36,844 (4) |
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | $54,181 (3) |
| 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 324G prices compare by hours?
| Hours | Bobcat T550 | John Deere 324G |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $70,114 (4) |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | $35,267 (3) |
| 3,000-3,999 hrs | $33,996 (2) | $26,834 (2) |
| 4,000+ hrs | — | $33,207 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or 324G in Canada?
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