Bobcat T62 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $22,228 difference. Based on 29 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 $22,228 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 →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 →What are the key differences between T62 and 242B?
- Price: The 242B is $22,228 cheaper on average (54% savings).
- Usage: Used T62s average 1,681 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 242B? Check current listings with Deal Scores.
Which is the better value: T62 or 242B?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You want lower upfront cost ($22,228 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 242B prices compare by year?
| Year | Bobcat T62 | Caterpillar 242B |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2013 | — | $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 T62 and 242B prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 242B |
|---|---|---|
| 1,000-1,999 hrs | $40,993 (7) | $19,840 (4) |
| 2,000-2,999 hrs | — | $24,793 (4) |
| 4,000+ hrs | — | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 242B in Canada?
Bobcat T62
2024 Bobcat T62
N/A hrs · Ottawa
$84,900 CAD
None Bobcat T62
80 hrs · MacTier
$85,000 CAD
2023 Bobcat T62
767 hrs · Brandon
$74,900 CAD
2024 Bobcat T62
91 hrs · Mountain
$84,900 CAD
Caterpillar 242B
No active listings right now.
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