Bobcat T650 vs Caterpillar 242D3: Which Is the Better Value?
The Bobcat T650 averages $34,259 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $12,246 difference. Based on 152 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Bobcat T650 is the better value buy for most Canadian buyers, averaging $12,246 less than the 242D3.
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 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →How do T650 and 242D3 specs compare?
| Spec | Bobcat T650 | Caterpillar 242D3 |
|---|---|---|
| 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 242D3?
- Price: The T650 is $12,246 cheaper on average (26% savings).
- Usage: Used T650s average 3,044 hours while 242D3s average 1,362 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T650 or 242D3? Check current listings with Deal Scores.
Which is the better value: T650 or 242D3?
Choose the Bobcat T650 if:
- You want lower upfront cost ($12,246 savings)
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do T650 and 242D3 prices compare by year?
| Year | Bobcat T650 | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | $58,633 (4) | $42,756 (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) | — |
| 2012 | $33,418 (6) | — |
| 2011 | $32,382 (8) | — |
| 2010 | $22,146 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T650 and 242D3 prices compare by hours?
| Hours | Bobcat T650 | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $51,998 (2) | $73,117 (2) |
| 1,000-1,999 hrs | $48,051 (18) | $52,417 (4) |
| 2,000-2,999 hrs | $37,011 (52) | $25,806 (2) |
| 3,000-3,999 hrs | $32,988 (36) | — |
| 4,000+ hrs | $27,937 (26) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T650 or 242D3 in Canada?
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