Bobcat T550 vs New Holland L230: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $30,681 for the New Holland L230. That's a $1,268 difference. Based on 71 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $1,268 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 L230
SSL$30,681 CAD avg
$12,902
Low
$64,841
High
28
Sales
Avg 1,509 hours · 2012–2017 model years
Full price guide →How do T550 and L230 specs compare?
| Spec | Bobcat T550 | New Holland L230 |
|---|---|---|
| Horsepower | 61 hp | — |
| Rated Operating Capacity | 1,595 lbs | — |
| Operating Weight | 7,215 lbs | — |
| Lift Type | vertical | — |
| Frame Size | small | — |
What are the key differences between T550 and L230?
- Price: The T550 is $1,268 cheaper on average (4% savings).
- Track Type: T550 is a compact track loader (CTL) while L230 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 L230s average 1,509 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or L230? Check current listings with Deal Scores.
Which is the better value: T550 or L230?
Choose the Bobcat T550 if:
- You want lower upfront cost ($1,268 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland L230 if:
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T550 and L230 prices compare by year?
| Year | Bobcat T550 | New Holland L230 |
|---|---|---|
| 2020 | $20,930 (9) | — |
| 2019 | $15,869 (2) | — |
| 2018 | $27,779 (4) | — |
| 2017 | $33,258 (6) | $62,780 (2) |
| 2016 | $32,798 (8) | — |
| 2015 | $35,516 (6) | $32,746 (4) |
| 2014 | $35,291 (6) | $42,502 (2) |
| 2013 | $23,370 (2) | $23,664 (4) |
| 2012 | — | $26,128 (14) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and L230 prices compare by hours?
| Hours | Bobcat T550 | New Holland L230 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | $43,282 (6) |
| 1,000-1,999 hrs | $27,579 (25) | $31,068 (10) |
| 2,000-2,999 hrs | $31,099 (14) | $31,179 (4) |
| 3,000-3,999 hrs | $33,996 (2) | $28,108 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or L230 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 L230
No active listings right now.
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