Bobcat T550 vs New Holland L220: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $21,360 for the New Holland L220. That's a $8,051 difference. Power-wise, the T550 offers 61 HP versus the L220's 68 HP. The T550 has 1,595 lb rated operating capacity vs 2,000 lb for the L220. Based on 53 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L220 is the better value buy for most Canadian buyers, averaging $8,051 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 L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do T550 and L220 specs compare?
| Spec | Bobcat T550 | New Holland L220 |
|---|---|---|
| Horsepower | 61 hp | 68 hp |
| Rated Operating Capacity | 1,595 lbs | 2,000 lbs |
| Operating Weight | 7,215 lbs | 6,650 lbs |
| Lift Type | vertical | vertical |
| Frame Size | small | mid |
| High Flow | — | 1 gpm |
What are the key differences between T550 and L220?
- Price: The L220 is $8,051 cheaper on average (27% savings).
- Power: The L220 has 7 more horsepower (68 HP vs 61 HP).
- Lifting Capacity: The L220 lifts 405 lbs more (2,000 lb ROC).
- Track Type: T550 is a compact track loader (CTL) while L220 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 L220s average 2,797 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or L220? Check current listings with Deal Scores.
Which is the better value: T550 or L220?
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 New Holland L220 if:
- You want lower upfront cost ($8,051 savings)
- You need more power (68 HP)
- You need higher lifting capacity (2,000 lbs)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T550 and L220 prices compare by year?
| Year | Bobcat T550 | New Holland L220 |
|---|---|---|
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | — |
| 2018 | $27,779 (4) | — |
| 2017 | $33,258 (6) | — |
| 2016 | $32,798 (8) | — |
| 2015 | $35,516 (6) | $27,111 (2) |
| 2014 | $35,291 (6) | — |
| 2013 | $23,370 (2) | $15,136 (2) |
| 2012 | — | $21,518 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and L220 prices compare by hours?
| Hours | Bobcat T550 | New Holland L220 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $28,861 (2) |
| 1,000-1,999 hrs | $27,579 (25) | $26,652 (2) |
| 2,000-2,999 hrs | $31,099 (14) | $27,111 (2) |
| 3,000-3,999 hrs | $33,996 (2) | — |
| 4,000+ hrs | — | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or L220 in Canada?
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