Bobcat T550 vs New Holland L218: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $18,992 for the New Holland L218. That's a $10,420 difference. Power-wise, the T550 offers 61 HP versus the L218's 60 HP. The T550 has 1,595 lb rated operating capacity vs 1,800 lb for the L218. Based on 51 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L218 is the better value buy for most Canadian buyers, averaging $10,420 less than the T550. With similar specs, the price difference is hard to justify unless you have a strong brand preference.
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 L218
SSL$18,992 CAD avg
$9,715
Low
$36,332
High
8
Sales
Avg 3,003 hours · 2011–2012 model years
Full price guide →How do T550 and L218 specs compare?
| Spec | Bobcat T550 | New Holland L218 |
|---|---|---|
| Horsepower | 61 hp | 60 hp |
| Rated Operating Capacity | 1,595 lbs | 1,800 lbs |
| Operating Weight | 7,215 lbs | 6,160 lbs |
| Lift Type | vertical | radial |
| Frame Size | small | small |
| High Flow | — | 1 gpm |
What are the key differences between T550 and L218?
- Price: The L218 is $10,420 cheaper on average (35% savings).
- Lifting Capacity: The L218 lifts 205 lbs more (1,800 lb ROC).
- Lift Type: T550 uses vertical lift while L218 uses radial lift.
- Track Type: T550 is a compact track loader (CTL) while L218 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 L218s average 3,003 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or L218? Check current listings with Deal Scores.
Which is the better value: T550 or L218?
Choose the Bobcat T550 if:
- You need more power (61 HP)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland L218 if:
- You want lower upfront cost ($10,420 savings)
- You need higher lifting capacity (1,800 lbs)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T550 and L218 prices compare by year?
| Year | Bobcat T550 | New Holland L218 |
|---|---|---|
| 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) | — |
| 2012 | — | $13,321 (4) |
| 2011 | — | $24,663 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and L218 prices compare by hours?
| Hours | Bobcat T550 | New Holland L218 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $24,663 (4) |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | — |
| 3,000-3,999 hrs | $33,996 (2) | $16,202 (2) |
| 4,000+ hrs | — | $10,441 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or L218 in Canada?
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