Bobcat T650 vs Caterpillar 248B: Which Is the Better Value?
The Bobcat T650 averages $34,259 CAD at auction, compared to $16,409 for the Caterpillar 248B. That's a $17,849 difference. Based on 159 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $17,849 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 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →How do T650 and 248B specs compare?
| Spec | Bobcat T650 | Caterpillar 248B |
|---|---|---|
| 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 248B?
- Price: The 248B is $17,849 cheaper on average (52% savings).
- Usage: Used T650s average 3,044 hours while 248Bs average 4,803 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T650 or 248B? Check current listings with Deal Scores.
Which is the better value: T650 or 248B?
Choose the Bobcat T650 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 248B if:
- You want lower upfront cost ($17,849 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T650 and 248B prices compare by year?
| Year | Bobcat T650 | Caterpillar 248B |
|---|---|---|
| 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) | — |
| 2012 | $33,418 (6) | — |
| 2011 | $32,382 (8) | — |
| 2010 | $22,146 (6) | — |
| 2007 | — | $18,337 (2) |
| 2006 | — | $13,251 (6) |
| 2005 | — | $17,812 (6) |
| 2004 | — | $19,747 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T650 and 248B prices compare by hours?
| Hours | Bobcat T650 | Caterpillar 248B |
|---|---|---|
| 0-999 hrs | $51,998 (2) | $22,270 (4) |
| 1,000-1,999 hrs | $48,051 (18) | — |
| 2,000-2,999 hrs | $37,011 (52) | $18,337 (2) |
| 3,000-3,999 hrs | $32,988 (36) | $14,322 (4) |
| 4,000+ hrs | $27,937 (26) | $13,251 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T650 or 248B 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 248B
No active listings right now.
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