Bobcat T650 vs New Holland C232: Which Is the Better Value?
The Bobcat T650 averages $34,259 CAD at auction, compared to $39,742 for the New Holland C232. That's a $5,482 difference. Power-wise, the T650 offers 74 HP versus the C232's 84 HP. The T650 has 2,570 lb rated operating capacity vs 2,700 lb for the C232. Based on 157 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 $5,482 less than the C232. The C232 is worth the premium if you specifically need the extra 10 HP or the higher 2,700 lb lifting capacity .
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 →New Holland C232
CTL$39,742 CAD avg
$17,457
Low
$60,253
High
14
Sales
Avg 1,841 hours · 2011–2017 model years
Full price guide →How do T650 and C232 specs compare?
| Spec | Bobcat T650 | New Holland C232 |
|---|---|---|
| Horsepower | 74 hp | 84 hp |
| Rated Operating Capacity | 2,570 lbs | 2,700 lbs |
| Operating Weight | 9,185 lbs | 10,085 lbs |
| Lift Type | radial | vertical |
| Frame Size | mid | mid |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between T650 and C232?
- Price: The T650 is $5,482 cheaper on average (14% savings).
- Power: The C232 has 10 more horsepower (84 HP vs 74 HP).
- Lift Type: T650 uses radial lift while C232 uses vertical lift.
- Track Type: T650 is a wheeled skid steer (SSL) while C232 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T650s average 3,044 hours while C232s average 1,841 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T650 or C232? Check current listings with Deal Scores.
Which is the better value: T650 or C232?
Choose the Bobcat T650 if:
- You want lower upfront cost ($5,482 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland C232 if:
- You need more power (84 HP)
- You need higher lifting capacity (2,700 lbs)
- You work on soft ground, mud, or uneven terrain
- You prefer New Holland's dealer network and parts availability
How do T650 and C232 prices compare by year?
| Year | Bobcat T650 | New Holland C232 |
|---|---|---|
| 2020 | $58,633 (4) | — |
| 2019 | $35,061 (12) | — |
| 2018 | $34,160 (14) | — |
| 2017 | $39,602 (10) | $52,192 (4) |
| 2016 | $38,512 (28) | — |
| 2015 | $36,931 (24) | — |
| 2014 | $29,227 (21) | $32,575 (2) |
| 2013 | $32,758 (6) | $45,914 (4) |
| 2012 | $33,418 (6) | $18,756 (2) |
| 2011 | $32,382 (8) | $30,651 (2) |
| 2010 | $22,146 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T650 and C232 prices compare by hours?
| Hours | Bobcat T650 | New Holland C232 |
|---|---|---|
| 0-999 hrs | $51,998 (2) | — |
| 1,000-1,999 hrs | $48,051 (18) | $45,372 (10) |
| 2,000-2,999 hrs | $37,011 (52) | — |
| 3,000-3,999 hrs | $32,988 (36) | $32,575 (2) |
| 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 C232 in Canada?
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