Bobcat T62 vs Caterpillar 246B: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $20,827 for the Caterpillar 246B. That's a $20,165 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 246B is the better value buy for most Canadian buyers, averaging $20,165 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 246B
SSL$20,827 CAD avg
$14,724
Low
$29,891
High
16
Sales
Avg 3,676 hours · 2004–2007 model years
Full price guide →What are the key differences between T62 and 246B?
- Price: The 246B is $20,165 cheaper on average (49% savings).
- Usage: Used T62s average 1,681 hours while 246Bs average 3,676 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 246B? Check current listings with Deal Scores.
Which is the better value: T62 or 246B?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 246B if:
- You want lower upfront cost ($20,165 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 246B prices compare by year?
| Year | Bobcat T62 | Caterpillar 246B |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2007 | — | $20,147 (2) |
| 2005 | — | $19,591 (10) |
| 2004 | — | $24,258 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 246B prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 246B |
|---|---|---|
| 0-999 hrs | — | $28,987 (2) |
| 1,000-1,999 hrs | $40,993 (7) | $26,128 (2) |
| 3,000-3,999 hrs | — | $17,992 (2) |
| 4,000+ hrs | — | $18,332 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 246B 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 246B
No active listings right now.
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