Bobcat T62 vs Caterpillar 242D: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $23,555 for the Caterpillar 242D. That's a $17,437 difference. Based on 19 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242D is the better value buy for most Canadian buyers, averaging $17,437 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 242D
SSL$23,555 CAD avg
$10,018
Low
$34,666
High
12
Sales
Avg 3,839 hours · 2014–2018 model years
Full price guide →What are the key differences between T62 and 242D?
- Price: The 242D is $17,437 cheaper on average (43% savings).
- Usage: Used T62s average 1,681 hours while 242Ds average 3,839 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 242D? Check current listings with Deal Scores.
Which is the better value: T62 or 242D?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242D if:
- You want lower upfront cost ($17,437 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 242D prices compare by year?
| Year | Bobcat T62 | Caterpillar 242D |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2018 | — | $33,730 (2) |
| 2016 | — | $14,593 (2) |
| 2015 | — | $22,270 (4) |
| 2014 | — | $24,234 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 242D prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 242D |
|---|---|---|
| 1,000-1,999 hrs | $40,993 (7) | — |
| 2,000-2,999 hrs | — | $26,090 (6) |
| 3,000-3,999 hrs | — | $24,234 (4) |
| 4,000+ hrs | — | $14,593 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 242D in Canada?
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