Bobcat T550 vs Takeuchi TL240: Which Is the Better Value?
The Bobcat T550 averages $29,412 CAD at auction, compared to $23,877 for the Takeuchi TL240. That's a $5,535 difference. Based on 69 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Takeuchi TL240 is the better value buy for most Canadian buyers, averaging $5,535 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 →Takeuchi TL240
CTL$23,877 CAD avg
$7,937
Low
$45,540
High
26
Sales
Avg 3,982 hours · 2008–2012 model years
Full price guide →How do T550 and TL240 specs compare?
| Spec | Bobcat T550 | Takeuchi TL240 |
|---|---|---|
| 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 TL240?
- Price: The TL240 is $5,535 cheaper on average (19% savings).
- Usage: Used T550s average 1,934 hours while TL240s average 3,982 hours.
Both Bobcat and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a T550 or TL240? Check current listings with Deal Scores.
Which is the better value: T550 or TL240?
Choose the Bobcat T550 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Takeuchi TL240 if:
- You want lower upfront cost ($5,535 savings)
- You prefer Takeuchi's dealer network and parts availability
How do T550 and TL240 prices compare by year?
| Year | Bobcat T550 | Takeuchi TL240 |
|---|---|---|
| 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 | — | $24,635 (8) |
| 2011 | — | $33,857 (4) |
| 2010 | — | $21,417 (6) |
| 2008 | — | $19,973 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T550 and TL240 prices compare by hours?
| Hours | Bobcat T550 | Takeuchi TL240 |
|---|---|---|
| 0-999 hrs | $35,935 (2) | — |
| 1,000-1,999 hrs | $27,579 (25) | — |
| 2,000-2,999 hrs | $31,099 (14) | $32,173 (8) |
| 3,000-3,999 hrs | $33,996 (2) | $23,874 (8) |
| 4,000+ hrs | — | $17,242 (10) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T550 or TL240 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
Takeuchi TL240
No active listings right now.
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