Bobcat T740 vs New Holland L228: Which Is the Better Value?
The Bobcat T740 averages $32,419 CAD at auction, compared to $24,977 for the New Holland L228. That's a $7,442 difference. Power-wise, the T740 offers 74 HP versus the L228's 74 HP. The T740 has 2,400 lb rated operating capacity vs 2,400 lb for the L228. Based on 45 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L228 is the better value buy for most Canadian buyers, averaging $7,442 less than the T740. With similar specs, the price difference is hard to justify unless you have a strong brand preference.
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 L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do T740 and L228 specs compare?
| Spec | Bobcat T740 | New Holland L228 |
|---|---|---|
| Horsepower | 74 hp | 74 hp |
| Rated Operating Capacity | 2,400 lbs | 2,400 lbs |
| Operating Weight | 9,375 lbs | 7,560 lbs |
| Lift Type | vertical | vertical |
| Frame Size | mid | mid |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between T740 and L228?
- Price: The L228 is $7,442 cheaper on average (23% savings).
- Track Type: T740 is a compact track loader (CTL) while L228 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 L228s average 2,064 hours.
Both Bobcat and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a T740 or L228? Check current listings with Deal Scores.
Which is the better value: T740 or L228?
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 New Holland L228 if:
- You want lower upfront cost ($7,442 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do T740 and L228 prices compare by year?
| Year | Bobcat T740 | New Holland L228 |
|---|---|---|
| 2021 | $20,700 (1) | — |
| 2019 | $30,554 (18) | $26,965 (2) |
| 2018 | $38,071 (4) | $19,998 (4) |
| 2017 | $36,331 (6) | — |
| 2016 | $32,017 (2) | $22,083 (6) |
| 2015 | — | $41,627 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do T740 and L228 prices compare by hours?
| Hours | Bobcat T740 | New Holland L228 |
|---|---|---|
| 0-999 hrs | $28,833 (2) | — |
| 1,000-1,999 hrs | $33,036 (7) | $33,937 (6) |
| 2,000-2,999 hrs | $30,518 (11) | $19,998 (4) |
| 3,000-3,999 hrs | $34,884 (5) | $14,846 (2) |
| 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 L228 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
New Holland L228
No active listings right now.
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