Bobcat T550 vs New Holland C245: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $73,780 for the New Holland C245. That's a $44,367 difference. Power-wise, the T550 offers 61 HP versus the C245's 90 HP. The T550 has 1,595 lb rated operating capacity vs 4,500 lb for the C245. Based on 49 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 $44,367 less than the C245. The C245 is worth the premium if you specifically need the extra 29 HP or the higher 4,500 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 →New Holland C245
CTL$73,780 CAD avg
$59,960
Low
$98,042
High
6
Sales
Avg 1,061 hours · 2018–2019 model years
Full price guide →How do T550 and C245 specs compare?
| Spec | Bobcat T550 | New Holland C245 |
|---|---|---|
| Horsepower | 61 hp | 90 hp |
| Rated Operating Capacity | 1,595 lbs | 4,500 lbs |
| Operating Weight | 7,215 lbs | 12,920 lbs |
| Lift Type | vertical | vertical |
| Frame Size | small | large |
| High Flow | — | 1 gpm |
What are the key differences between T550 and C245?
- Price: The T550 is $44,367 cheaper on average (60% savings).
- Power: The C245 has 29 more horsepower (90 HP vs 61 HP).
- Lifting Capacity: The C245 lifts 2905 lbs more (4,500 lb ROC).
- Usage: Used T550s average 1,934 hours while C245s average 1,061 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or C245? Check current listings with Deal Scores.
Which is the better value: T550 or C245?
Choose the Bobcat T550 if:
- You want lower upfront cost ($44,367 savings)
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland C245 if:
- You need more power (90 HP)
- You need higher lifting capacity (4,500 lbs)
- You prefer New Holland's dealer network and parts availability
How do T550 and C245 prices compare by year?
| Year | Bobcat T550 | New Holland C245 |
|---|---|---|
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | $93,043 (2) |
| 2018 | $27,779 (4) | $64,742 (2) |
| 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 C245 prices compare by hours?
| Hours | Bobcat T550 | New Holland C245 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $93,043 (2) |
| 1,000-1,999 hrs | $27,579 (25) | $64,149 (4) |
| 2,000-2,999 hrs | $31,099 (14) | — |
| 3,000-3,999 hrs | $33,996 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or C245 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
New Holland C245
No active listings right now.
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