Bobcat T740 vs New Holland L220: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $21,360 for the New Holland L220. That's a $11,058 difference. Power-wise, the T740 offers 74 HP versus the L220's 68 HP. The T740 has 2,400 lb rated operating capacity vs 2,000 lb for the L220. Based on 41 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L220 is the better value buy for most Canadian buyers, averaging $11,058 less than the T740. The T740 is worth the premium if you specifically need the extra 6 HP or the higher 2,400 lb lifting capacity .
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 →New Holland L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do T740 and L220 specs compare?
| Spec | Bobcat T740 | New Holland L220 |
|---|---|---|
| Horsepower | 74 hp | 68 hp |
| Rated Operating Capacity | 2,400 lbs | 2,000 lbs |
| Operating Weight | 9,375 lbs | 6,650 lbs |
| Lift Type | vertical | vertical |
| Frame Size | mid | mid |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between T740 and L220?
- Price: The L220 is $11,058 cheaper on average (34% savings).
- Power: The T740 has 6 more horsepower (74 HP vs 68 HP).
- Lifting Capacity: The T740 lifts 400 lbs more (2,400 lb ROC).
- Track Type: T740 is a compact track loader (CTL) while L220 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or L220? Check current listings with Deal Scores.
Which is the better value: T740 or L220?
Choose the Bobcat T740 if:
- You need more power (74 HP)
- You need higher lifting capacity (2,400 lbs)
- You work on soft ground, mud, or uneven terrain
- You prefer Bobcat's dealer network and parts availability
Choose the New Holland L220 if:
- You want lower upfront cost ($11,058 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T740 and L220 prices compare by year?
| Year | Bobcat T740 | New Holland L220 |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | — |
| 2018 | $38,071 (4) | — |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | — |
| 2015 | — | $27,111 (2) |
| 2013 | — | $15,136 (2) |
| 2012 | — | $21,518 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and L220 prices compare by hours?
| Hours | Bobcat T740 | New Holland L220 |
|---|---|---|
| 0-999 hrs | $28,833 (2) | $28,861 (2) |
| 1,000-1,999 hrs | $33,036 (7) | $26,652 (2) |
| 2,000-2,999 hrs | $30,518 (11) | $27,111 (2) |
| 3,000-3,999 hrs | $34,884 (5) | — |
| 4,000+ hrs | $37,048 (5) | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T740 or L220 in Canada?
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