Bobcat T64 vs Caterpillar 242B3: Which Is the Better Value?
The Bobcat T64 averages $51,549 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $25,220 difference. Based on 16 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B3 is the better value buy for most Canadian buyers, averaging $25,220 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 242B3
SSL$26,329 CAD avg
$23,529
Low
$29,297
High
8
Sales
Avg 1,852 hours · 2012–2013 model years
Full price guide →What are the key differences between T64 and 242B3?
- Price: The 242B3 is $25,220 cheaper on average (49% savings).
- Track Type: T64 is a compact track loader (CTL) while 242B3 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 242B3s average 1,852 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T64 or 242B3? Check current listings with Deal Scores.
Which is the better value: T64 or 242B3?
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 242B3 if:
- You want lower upfront cost ($25,220 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T64 and 242B3 prices compare by year?
| Year | Bobcat T64 | Caterpillar 242B3 |
|---|---|---|
| 2021 | $59,516 (2) | — |
| 2020 | $48,894 (6) | — |
| 2013 | — | $26,032 (2) |
| 2012 | — | $26,428 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T64 and 242B3 prices compare by hours?
| Hours | Bobcat T64 | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | $69,811 (2) | $26,032 (2) |
| 1,000-1,999 hrs | $45,462 (6) | $25,297 (4) |
| 4,000+ hrs | — | $28,690 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T64 or 242B3 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 242B3
No active listings right now.
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