Bobcat T62 vs Caterpillar 277B: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $22,804 for the Caterpillar 277B. That's a $18,188 difference. Based on 31 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 277B is the better value buy for most Canadian buyers, averaging $18,188 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 277B
CTL$22,804 CAD avg
$9,108
Low
$34,914
High
24
Sales
Avg 2,881 hours · 2004–2006 model years
Full price guide →What are the key differences between T62 and 277B?
- Price: The 277B is $18,188 cheaper on average (44% savings).
- Track Type: T62 is a wheeled skid steer (SSL) while 277B is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T62s average 1,681 hours while 277Bs average 2,881 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 277B? Check current listings with Deal Scores.
Which is the better value: T62 or 277B?
Choose the Bobcat T62 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 277B if:
- You want lower upfront cost ($18,188 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 277B prices compare by year?
| Year | Bobcat T62 | Caterpillar 277B |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2006 | — | $28,171 (4) |
| 2005 | — | $21,651 (12) |
| 2004 | — | $21,850 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 277B prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 277B |
|---|---|---|
| 0-999 hrs | — | $27,160 (2) |
| 1,000-1,999 hrs | $40,993 (7) | $27,160 (2) |
| 2,000-2,999 hrs | — | $24,197 (6) |
| 3,000-3,999 hrs | — | $21,690 (2) |
| 4,000+ hrs | — | $29,397 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 277B in Canada?
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