Caterpillar 118C vs Caterpillar 242B3: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $23,096 difference. Based on 42 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 118C is the better value buy for most Canadian buyers, averaging $23,096 less than the 242B3.
Caterpillar 242B3
SSL$26,329 CAD avg
$23,529
Low
$29,297
High
8
Sales
Avg 1,852 hours · 2012–2013 model years
Full price guide →What are the key differences between 118C and 242B3?
- Price: The 118C is $23,096 cheaper on average (88% savings).
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or 242B3? Check current listings with Deal Scores.
Which is the better value: 118C or 242B3?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($23,096 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
How do 118C and 242B3 prices compare by year?
| Year | Caterpillar 118C | Caterpillar 242B3 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2014 | $2,032 (6) | — |
| 2013 | — | $26,032 (2) |
| 2012 | — | $26,428 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and 242B3 prices compare by hours?
| Hours | Caterpillar 118C | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | — | $26,032 (2) |
| 1,000-1,999 hrs | — | $25,297 (4) |
| 4,000+ hrs | — | $28,690 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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