Bobcat T740 vs Caterpillar 247B: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $21,335 for the Caterpillar 247B. That's a $11,083 difference. Based on 41 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 247B is the better value buy for most Canadian buyers, averaging $11,083 less than the T740.
Bobcat T740
CTL$32,419 CAD avg
$17,940
Low
$51,616
High
31
Sales
Avg 2,678 hours · 2016–2021 model years
Full price guide →Caterpillar 247B
CTL$21,335 CAD avg
$12,447
Low
$36,176
High
10
Sales
Avg 3,652 hours · 2005–2007 model years
Full price guide →How do T740 and 247B specs compare?
| Spec | Bobcat T740 | Caterpillar 247B |
|---|---|---|
| Horsepower | 74 hp | — |
| Rated Operating Capacity | 2,400 lbs | — |
| Operating Weight | 9,375 lbs | — |
| Lift Type | vertical | — |
| Frame Size | mid | — |
| High Flow | 1 gpm | — |
What are the key differences between T740 and 247B?
- Price: The 247B is $11,083 cheaper on average (34% savings).
- Usage: Used T740s average 2,678 hours while 247Bs average 3,652 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or 247B? Check current listings with Deal Scores.
Which is the better value: T740 or 247B?
Choose the Bobcat T740 if:
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 247B if:
- You want lower upfront cost ($11,083 savings)
- You prefer Caterpillar's dealer network and parts availability
How do T740 and 247B prices compare by year?
| Year | Bobcat T740 | Caterpillar 247B |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | — |
| 2018 | $38,071 (4) | — |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | — |
| 2007 | — | $24,222 (4) |
| 2006 | — | $20,675 (4) |
| 2005 | — | $16,881 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and 247B prices compare by hours?
| Hours | Bobcat T740 | Caterpillar 247B |
|---|---|---|
| 0-999 hrs | $28,833 (2) | — |
| 1,000-1,999 hrs | $33,036 (7) | — |
| 2,000-2,999 hrs | $30,518 (11) | $24,225 (4) |
| 3,000-3,999 hrs | $34,884 (5) | $28,444 (2) |
| 4,000+ hrs | $37,048 (5) | $14,890 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T740 or 247B in Canada?
Bobcat T740
2021 Bobcat T740
2,436 hrs · Sarnia
$57,700 CAD
2021 Bobcat T740
3,036 hrs · Barrie
$55,700 CAD
2021 Bobcat T740
1,736 hrs · Mississauga
$89,500 CAD
2016 Bobcat T740
3,004 hrs · Mississauga
$59,900 CAD
Caterpillar 247B
No active listings right now.
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