Bobcat T62 vs Caterpillar 262D3: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $34,933 for the Caterpillar 262D3. That's a $6,059 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262D3 is the better value buy for most Canadian buyers, averaging $6,059 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 262D3
SSL$34,933 CAD avg
$13,799
Low
$48,700
High
16
Sales
Avg 3,424 hours · 2020–2024 model years
Full price guide →What are the key differences between T62 and 262D3?
- Price: The 262D3 is $6,059 cheaper on average (15% savings).
- Usage: Used T62s average 1,681 hours while 262D3s average 3,424 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 262D3? Check current listings with Deal Scores.
Which is the better value: T62 or 262D3?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 262D3 if:
- You want lower upfront cost ($6,059 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 262D3 prices compare by year?
| Year | Bobcat T62 | Caterpillar 262D3 |
|---|---|---|
| 2024 | — | $22,080 (1) |
| 2023 | — | $40,026 (2) |
| 2022 | $31,118 (1) | $34,500 (1) |
| 2021 | $42,639 (6) | $36,845 (6) |
| 2020 | — | $33,538 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 262D3 prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 262D3 |
|---|---|---|
| 0-999 hrs | — | $22,080 (1) |
| 1,000-1,999 hrs | $40,993 (7) | — |
| 2,000-2,999 hrs | — | $42,560 (6) |
| 3,000-3,999 hrs | — | $30,387 (2) |
| 4,000+ hrs | — | $31,531 (7) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 262D3 in Canada?
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