Bobcat T62 vs Caterpillar 345B: Which Is the Better Value?
The Bobcat T62 averages $40,993 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $31,917 difference. Based on 13 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $31,917 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 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between T62 and 345B?
- Price: The 345B is $31,917 cheaper on average (78% savings).
- Usage: Used T62s average 1,681 hours while 345Bs average 48 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T62 or 345B? Check current listings with Deal Scores.
Which is the better value: T62 or 345B?
Choose the Bobcat T62 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($31,917 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T62 and 345B prices compare by year?
| Year | Bobcat T62 | Caterpillar 345B |
|---|---|---|
| 2022 | $31,118 (1) | — |
| 2021 | $42,639 (6) | — |
| 2015 | — | $8,480 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T62 and 345B prices compare by hours?
| Hours | Bobcat T62 | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | — | $4,836 (2) |
| 1,000-1,999 hrs | $40,993 (7) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T62 or 345B 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 345B
No active listings right now.
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