Bobcat T650 vs Caterpillar 265: Which Is the Better Value?
The Bobcat T650 averages $34,259 CAD at auction, compared to $0 for the Caterpillar 265. That's a $34,259 difference. Based on 143 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 265 is the better value buy for most Canadian buyers, averaging $34,259 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 →How do T650 and 265 specs compare?
| Spec | Bobcat T650 | Caterpillar 265 |
|---|---|---|
| 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 265?
- Price: The 265 is $34,259 cheaper on average (100% savings).
- Track Type: T650 is a wheeled skid steer (SSL) while 265 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T650 or 265? Check current listings with Deal Scores.
Which is the better value: T650 or 265?
Choose the Bobcat T650 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 265 if:
- You want lower upfront cost ($34,259 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
How do T650 and 265 prices compare by year?
| Year | Bobcat T650 | Caterpillar 265 |
|---|---|---|
| 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) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T650 and 265 prices compare by hours?
| Hours | Bobcat T650 | Caterpillar 265 |
|---|---|---|
| 0-999 hrs | $51,998 (2) | — |
| 1,000-1,999 hrs | $48,051 (18) | — |
| 2,000-2,999 hrs | $37,011 (52) | — |
| 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 265 in Canada?
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