Bobcat T650 vs Caterpillar 242B: Which Is the Better Value?
The Bobcat T650 averages $34,259 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $15,494 difference. Based on 165 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 $15,494 less than the T650.
Bobcat T650
SSL$34,259 CAD avg
$148
Low
$61,348
High
143
Sales
Avg 3,044 hours · 2010–2020 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 →How do T650 and 242B specs compare?
| Spec | Bobcat T650 | Caterpillar 242B |
|---|---|---|
| Horsepower | 74 hp | — |
| Rated Operating Capacity | 2,570 lbs | — |
| Operating Weight | 9,185 lbs | — |
| Lift Type | radial | — |
| Frame Size | mid | — |
| High Flow | 1 gpm | — |
What are the key differences between T650 and 242B?
- Price: The 242B is $15,494 cheaper on average (45% savings).
- Usage: Used T650s average 3,044 hours while 242Bs average 3,523 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T650 or 242B? Check current listings with Deal Scores.
Which is the better value: T650 or 242B?
Choose the Bobcat T650 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242B if:
- You want lower upfront cost ($15,494 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T650 and 242B prices compare by year?
| Year | Bobcat T650 | Caterpillar 242B |
|---|---|---|
| 2020 | $58,633 (4) | — |
| 2019 | $35,061 (12) | — |
| 2018 | $34,160 (14) | — |
| 2017 | $39,602 (10) | — |
| 2016 | $38,512 (28) | — |
| 2015 | $36,931 (24) | — |
| 2014 | $29,227 (21) | — |
| 2013 | $32,758 (6) | $17,396 (2) |
| 2012 | $33,418 (6) | $19,401 (2) |
| 2011 | $32,382 (8) | — |
| 2010 | $22,146 (6) | — |
| 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 T650 and 242B prices compare by hours?
| Hours | Bobcat T650 | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $51,998 (2) | — |
| 1,000-1,999 hrs | $48,051 (18) | $19,840 (4) |
| 2,000-2,999 hrs | $37,011 (52) | $24,793 (4) |
| 3,000-3,999 hrs | $32,988 (36) | — |
| 4,000+ hrs | $27,937 (26) | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T650 or 242B in Canada?
Bobcat T650
None Bobcat T650
2,260 hrs · Hamilton
$44,900 CAD
2015 Bobcat T650
3,837 hrs · Ottawa
$34,000 CAD
2016 Bobcat T650
2,260 hrs · Freelton
$44,900 CAD
2023 Bobcat T650
700 hrs · Brandon
$84,900 CAD
Caterpillar 242B
No active listings right now.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Bobcat T650
We'll send you current pricing and available units. No spam.
Get a Price Quote on Caterpillar 242B
We'll send you current pricing and available units. No spam.