Bobcat T740 vs Gehl 562: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $9,276 for the Gehl 562. That's a $23,142 difference. Based on 39 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Gehl 562 is the better value buy for most Canadian buyers, averaging $23,142 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 →Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →How do T740 and 562 specs compare?
| Spec | Bobcat T740 | Gehl 562 |
|---|---|---|
| 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 562?
- Price: The 562 is $23,142 cheaper on average (71% savings).
- Track Type: T740 is a compact track loader (CTL) while 562 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or 562? Check current listings with Deal Scores.
Which is the better value: T740 or 562?
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 Gehl 562 if:
- You want lower upfront cost ($23,142 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Gehl's dealer network and parts availability
How do T740 and 562 prices compare by year?
| Year | Bobcat T740 | Gehl 562 |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | — |
| 2018 | $38,071 (4) | — |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and 562 prices compare by hours?
| Hours | Bobcat T740 | Gehl 562 |
|---|---|---|
| 0-999 hrs | $28,833 (2) | — |
| 1,000-1,999 hrs | $33,036 (7) | $7,405 (2) |
| 2,000-2,999 hrs | $30,518 (11) | $4,890 (2) |
| 3,000-3,999 hrs | $34,884 (5) | $12,405 (4) |
| 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 562 in Canada?
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