Bobcat T62 vs Caterpillar 248B: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $16,409 for the Caterpillar 248B. That's a $24,583 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $24,583 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 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →What are the key differences between T62 and 248B?
- Price: The 248B is $24,583 cheaper on average (60% savings).
- Usage: Used T62s average 1,681 hours while 248Bs average 4,803 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 248B? Check current listings with Deal Scores.
Which is the better value: T62 or 248B?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 248B if:
- You want lower upfront cost ($24,583 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 248B prices compare by year?
| Year | Bobcat T62 | Caterpillar 248B |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2007 | — | $18,337 (2) |
| 2006 | — | $13,251 (6) |
| 2005 | — | $17,812 (6) |
| 2004 | — | $19,747 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 248B prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 248B |
|---|---|---|
| 0-999 hrs | — | $22,270 (4) |
| 1,000-1,999 hrs | $40,993 (7) | — |
| 2,000-2,999 hrs | — | $18,337 (2) |
| 3,000-3,999 hrs | — | $14,322 (4) |
| 4,000+ hrs | — | $13,251 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 248B 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 248B
No active listings right now.
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