Bobcat T550 vs New Holland L228: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $24,977 for the New Holland L228. That's a $4,435 difference. Power-wise, the T550 offers 61 HP versus the L228's 74 HP. The T550 has 1,595 lb rated operating capacity vs 2,400 lb for the L228. Based on 57 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $4,435 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
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 L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do T550 and L228 specs compare?
| Spec | Bobcat T550 | New Holland L228 |
|---|---|---|
| Horsepower | 61 hp | 74 hp |
| Rated Operating Capacity | 1,595 lbs | 2,400 lbs |
| Operating Weight | 7,215 lbs | 7,560 lbs |
| Lift Type | vertical | vertical |
| Frame Size | small | mid |
| High Flow | — | 1 gpm |
What are the key differences between T550 and L228?
- Price: The L228 is $4,435 cheaper on average (15% savings).
- Power: The L228 has 13 more horsepower (74 HP vs 61 HP).
- Lifting Capacity: The L228 lifts 805 lbs more (2,400 lb ROC).
- Track Type: T550 is a compact track loader (CTL) while L228 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or L228? Check current listings with Deal Scores.
Which is the better value: T550 or L228?
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 L228 if:
- You want lower upfront cost ($4,435 savings)
- You need more power (74 HP)
- You need higher lifting capacity (2,400 lbs)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T550 and L228 prices compare by year?
| Year | Bobcat T550 | New Holland L228 |
|---|---|---|
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | $26,965 (2) |
| 2018 | $27,779 (4) | $19,998 (4) |
| 2017 | $33,258 (6) | — |
| 2016 | $32,798 (8) | $22,083 (6) |
| 2015 | $35,516 (6) | $41,627 (2) |
| 2014 | $35,291 (6) | — |
| 2013 | $23,370 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and L228 prices compare by hours?
| Hours | Bobcat T550 | New Holland L228 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | $33,937 (6) |
| 2,000-2,999 hrs | $31,099 (14) | $19,998 (4) |
| 3,000-3,999 hrs | $33,996 (2) | $14,846 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or L228 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 L228
No active listings right now.
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