Bobcat T62 vs Bobcat T740: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $32,419 for the Bobcat T740. That's a $8,574 difference. Based on 38 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T740 is the better value buy for most Canadian buyers, averaging $8,574 less than the T62.
Bobcat T62
SSL$40,993 CAD avg
$31,118
Low
$45,509
High
7
Sales
Avg 1,681 hours · 2021–2022 model years
Full price guide →Bobcat T740
CTL$32,419 CAD avg
$17,940
Low
$51,616
High
31
Sales
Avg 2,678 hours · 2016–2021 model years
Full price guide →How do T62 and T740 specs compare?
| Spec | Bobcat T62 | Bobcat T740 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 2,400 lbs |
| Operating Weight | — | 9,375 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between T62 and T740?
- Price: The T740 is $8,574 cheaper on average (21% savings).
- Track Type: T62 is a wheeled skid steer (SSL) while T740 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T62s average 1,681 hours while T740s average 2,678 hours.
Both Bobcat and Bobcat retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or T740? Check current listings with Deal Scores.
Which is the better value: T62 or T740?
Choose the Bobcat T62 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Bobcat T740 if:
- You want lower upfront cost ($8,574 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
How do T62 and T740 prices compare by year?
| Year | Bobcat T62 | Bobcat T740 |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | $20,700 (1) |
| 2019 | — | $30,554 (18) |
| 2018 | — | $38,071 (4) |
| 2017 | — | $36,331 (6) |
| 2016 | — | $32,017 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and T740 prices compare by hours?
| Hours | Bobcat T62 | Bobcat T740 |
|---|---|---|
| 0-999 hrs | — | $28,833 (2) |
| 1,000-1,999 hrs | $40,993 (7) | $33,036 (7) |
| 2,000-2,999 hrs | — | $30,518 (11) |
| 3,000-3,999 hrs | — | $34,884 (5) |
| 4,000+ hrs | — | $37,048 (5) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or T740 in Canada?
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