Bobcat T590 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat T590 averages $32,532 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $13,767 difference. Based on 111 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B is the better value buy for most Canadian buyers, averaging $13,767 less than the T590.
Bobcat T590
CTL$32,532 CAD avg
$10,350
Low
$78,936
High
89
Sales
Avg 2,578 hours · 2013–2019 model years
Full price guide →Caterpillar 242B
SSL$18,764 CAD avg
$7,286
Low
$29,380
High
22
Sales
Avg 3,523 hours · 2004–2013 model years
Full price guide →How do T590 and 242B specs compare?
| Spec | Bobcat T590 | Caterpillar 242B |
|---|---|---|
| Horsepower | 66 hp | — |
| Rated Operating Capacity | 1,850 lbs | — |
| Operating Weight | 8,180 lbs | — |
| Lift Type | vertical | — |
| Frame Size | mid | — |
| High Flow | 1 gpm | — |
What are the key differences between T590 and 242B?
- Price: The 242B is $13,767 cheaper on average (42% savings).
- Track Type: T590 is a compact track loader (CTL) while 242B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T590s average 2,578 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T590 or 242B? Check current listings with Deal Scores.
Which is the better value: T590 or 242B?
Choose the Bobcat T590 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You want lower upfront cost ($13,767 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T590 and 242B prices compare by year?
| Year | Bobcat T590 | Caterpillar 242B |
|---|---|---|
| 2019 | $31,688 (9) | — |
| 2018 | $23,613 (3) | — |
| 2017 | $32,741 (14) | — |
| 2016 | $32,067 (24) | — |
| 2015 | $32,342 (15) | — |
| 2014 | $37,543 (12) | — |
| 2013 | $31,306 (12) | $17,396 (2) |
| 2012 | — | $19,401 (2) |
| 2008 | — | $29,111 (2) |
| 2006 | — | $27,942 (2) |
| 2005 | — | $16,962 (10) |
| 2004 | — | $13,874 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T590 and 242B prices compare by hours?
| Hours | Bobcat T590 | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $58,567 (6) | — |
| 1,000-1,999 hrs | $33,556 (23) | $19,840 (4) |
| 2,000-2,999 hrs | $31,609 (25) | $24,793 (4) |
| 3,000-3,999 hrs | $28,818 (18) | — |
| 4,000+ hrs | $28,568 (14) | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T590 or 242B in Canada?
Bobcat T590
2017 Bobcat T590
2,410 hrs · Mississauga / Peel Region
$39,000 CAD
2017 Bobcat T590
2,410 hrs · Brampton
$39,000 CAD
2016 Bobcat T590
N/A hrs · Mountain View County
$36,300 CAD
2012 Bobcat T590
2,430 hrs · Calgary
$48,000 CAD
Caterpillar 242B
No active listings right now.
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