Bobcat T64 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat T64 averages $51,549 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $32,784 difference. Based on 30 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B is the better value buy for most Canadian buyers, averaging $32,784 less than the T64.
Bobcat T64
CTL$51,549 CAD avg
$37,191
Low
$72,072
High
8
Sales
Avg 1,142 hours · 2020–2021 model years
Full price guide →Caterpillar 242B
SSL$18,764 CAD avg
$7,286
Low
$29,380
High
22
Sales
Avg 3,523 hours · 2004–2013 model years
Full price guide →What are the key differences between T64 and 242B?
- Price: The 242B is $32,784 cheaper on average (64% savings).
- Track Type: T64 is a compact track loader (CTL) while 242B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T64s average 1,142 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T64 or 242B? Check current listings with Deal Scores.
Which is the better value: T64 or 242B?
Choose the Bobcat T64 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You want lower upfront cost ($32,784 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T64 and 242B prices compare by year?
| Year | Bobcat T64 | Caterpillar 242B |
|---|---|---|
| 2021 | $59,516 (2) | — |
| 2020 | $48,894 (6) | — |
| 2013 | — | $17,396 (2) |
| 2012 | — | $19,401 (2) |
| 2008 | — | $29,111 (2) |
| 2006 | — | $27,942 (2) |
| 2005 | — | $16,962 (10) |
| 2004 | — | $13,874 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T64 and 242B prices compare by hours?
| Hours | Bobcat T64 | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $69,811 (2) | — |
| 1,000-1,999 hrs | $45,462 (6) | $19,840 (4) |
| 2,000-2,999 hrs | — | $24,793 (4) |
| 4,000+ hrs | — | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T64 or 242B in Canada?
Bobcat T64
2022 Bobcat T64
1,000 hrs · Strathcona County
$62,500 CAD
2022 Bobcat T64
685 hrs · Calgary
$66,000 CAD
2022 Bobcat T64
685 hrs · Saskatoon
$66,000 CAD
2022 Bobcat T64
N/A hrs · West Saint Paul
$66,000 CAD
Caterpillar 242B
No active listings right now.
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