Bobcat T62 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $5,513 difference. Based on 16 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T62 is the better value buy for most Canadian buyers, averaging $5,513 less than the 242D3.
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 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →What are the key differences between T62 and 242D3?
- Price: The T62 is $5,513 cheaper on average (12% savings).
- Usage: Used T62s average 1,681 hours while 242D3s average 1,362 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 242D3? Check current listings with Deal Scores.
Which is the better value: T62 or 242D3?
Choose the Bobcat T62 if:
- You want lower upfront cost ($5,513 savings)
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 242D3 prices compare by year?
| Year | Bobcat T62 | Caterpillar 242D3 |
|---|---|---|
| 2022 | $31,118 (1) | $11,040 (1) |
| 2021 | $42,639 (6) | $59,122 (4) |
| 2020 | — | $42,756 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 242D3 prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | — | $73,117 (2) |
| 1,000-1,999 hrs | $40,993 (7) | $52,417 (4) |
| 2,000-2,999 hrs | — | $25,806 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 242D3 in Canada?
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