Bobcat T740 vs Caterpillar 345B: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $23,343 difference. Based on 37 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $23,343 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 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →How do T740 and 345B specs compare?
| Spec | Bobcat T740 | Caterpillar 345B |
|---|---|---|
| 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 345B?
- Price: The 345B is $23,343 cheaper on average (72% savings).
- Track Type: T740 is a compact track loader (CTL) while 345B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used T740s average 2,678 hours while 345Bs average 48 hours.
Both Bobcat and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or 345B? Check current listings with Deal Scores.
Which is the better value: T740 or 345B?
Choose the Bobcat T740 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($23,343 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do T740 and 345B prices compare by year?
| Year | Bobcat T740 | Caterpillar 345B |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | — |
| 2018 | $38,071 (4) | — |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | — |
| 2015 | — | $8,480 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and 345B prices compare by hours?
| Hours | Bobcat T740 | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $28,833 (2) | $4,836 (2) |
| 1,000-1,999 hrs | $33,036 (7) | — |
| 2,000-2,999 hrs | $30,518 (11) | — |
| 3,000-3,999 hrs | $34,884 (5) | — |
| 4,000+ hrs | $37,048 (5) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T740 or 345B 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 345B
No active listings right now.
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