Bobcat T62 vs Caterpillar 289D3: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $71,262 for the Caterpillar 289D3. That's a $30,269 difference. Based on 55 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 $30,269 less than the 289D3.
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 289D3
CTL$71,262 CAD avg
$22,080
Low
$120,239
High
48
Sales
Avg 1,828 hours · 2019–2023 model years
Full price guide →What are the key differences between T62 and 289D3?
- Price: The T62 is $30,269 cheaper on average (42% savings).
- Track Type: T62 is a wheeled skid steer (SSL) while 289D3 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 289D3? Check current listings with Deal Scores.
Which is the better value: T62 or 289D3?
Choose the Bobcat T62 if:
- You want lower upfront cost ($30,269 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 289D3 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 289D3 prices compare by year?
| Year | Bobcat T62 | Caterpillar 289D3 |
|---|---|---|
| 2023 | — | $97,053 (22) |
| 2022 | $31,118 (1) | $70,206 (6) |
| 2021 | $42,639 (6) | $35,654 (6) |
| 2020 | — | $43,561 (8) |
| 2019 | — | $50,295 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 289D3 prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 289D3 |
|---|---|---|
| 0-999 hrs | — | $97,397 (24) |
| 1,000-1,999 hrs | $40,993 (7) | $63,219 (4) |
| 2,000-2,999 hrs | — | $44,780 (7) |
| 3,000-3,999 hrs | — | $41,957 (10) |
| 4,000+ hrs | — | $32,384 (3) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 289D3 in Canada?
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