Bobcat T740 vs New Holland L218: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $18,992 for the New Holland L218. That's a $13,426 difference. Power-wise, the T740 offers 74 HP versus the L218's 60 HP. The T740 has 2,400 lb rated operating capacity vs 1,800 lb for the L218. Based on 39 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L218 is the better value buy for most Canadian buyers, averaging $13,426 less than the T740. The T740 is worth the premium if you specifically need the extra 14 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 L218
SSL$18,992 CAD avg
$9,715
Low
$36,332
High
8
Sales
Avg 3,003 hours · 2011–2012 model years
Full price guide →How do T740 and L218 specs compare?
| Spec | Bobcat T740 | New Holland L218 |
|---|---|---|
| Horsepower | 74 hp | 60 hp |
| Rated Operating Capacity | 2,400 lbs | 1,800 lbs |
| Operating Weight | 9,375 lbs | 6,160 lbs |
| Lift Type | vertical | radial |
| Frame Size | mid | small |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between T740 and L218?
- Price: The L218 is $13,426 cheaper on average (41% savings).
- Power: The T740 has 14 more horsepower (74 HP vs 60 HP).
- Lifting Capacity: The T740 lifts 600 lbs more (2,400 lb ROC).
- Lift Type: T740 uses vertical lift while L218 uses radial lift.
- Track Type: T740 is a compact track loader (CTL) while L218 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 L218s average 3,003 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or L218? Check current listings with Deal Scores.
Which is the better value: T740 or L218?
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 L218 if:
- You want lower upfront cost ($13,426 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T740 and L218 prices compare by year?
| Year | Bobcat T740 | New Holland L218 |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | — |
| 2018 | $38,071 (4) | — |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | — |
| 2012 | — | $13,321 (4) |
| 2011 | — | $24,663 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and L218 prices compare by hours?
| Hours | Bobcat T740 | New Holland L218 |
|---|---|---|
| 0-999 hrs | $28,833 (2) | $24,663 (4) |
| 1,000-1,999 hrs | $33,036 (7) | — |
| 2,000-2,999 hrs | $30,518 (11) | — |
| 3,000-3,999 hrs | $34,884 (5) | $16,202 (2) |
| 4,000+ hrs | $37,048 (5) | $10,441 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a T740 or L218 in Canada?
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