Bobcat T550 vs New Holland L783: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $9,315 for the New Holland L783. That's a $20,097 difference. Based on 51 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L783 is the better value buy for most Canadian buyers, averaging $20,097 less than the T550.
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 L783
SSL$9,315 CAD avg
$3,567
Low
$13,167
High
8
Sales
Avg 4,107 hours · 1990–1994 model years
Full price guide →How do T550 and L783 specs compare?
| Spec | Bobcat T550 | New Holland L783 |
|---|---|---|
| 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 L783?
- Price: The L783 is $20,097 cheaper on average (68% savings).
- Track Type: T550 is a compact track loader (CTL) while L783 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 L783s average 4,107 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or L783? Check current listings with Deal Scores.
Which is the better value: T550 or L783?
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 L783 if:
- You want lower upfront cost ($20,097 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T550 and L783 prices compare by year?
| Year | Bobcat T550 | New Holland L783 |
|---|---|---|
| 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) | — |
| 1994 | — | $9,124 (2) |
| 1993 | — | $3,783 (2) |
| 1990 | — | $12,959 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and L783 prices compare by hours?
| Hours | Bobcat T550 | New Holland L783 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | $9,124 (2) |
| 3,000-3,999 hrs | $33,996 (2) | $12,959 (2) |
| 4,000+ hrs | — | $7,589 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or L783 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 L783
No active listings right now.
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