Caterpillar 118C vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $5,842 difference. Based on 40 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 $5,842 less than the 345B.
Caterpillar 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between 118C and 345B?
- Price: The 118C is $5,842 cheaper on average (64% savings).
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or 345B? Check current listings with Deal Scores.
Which is the better value: 118C or 345B?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($5,842 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You prefer Caterpillar's dealer network and parts availability
How do 118C and 345B prices compare by year?
| Year | Caterpillar 118C | Caterpillar 345B |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2015 | — | $8,480 (4) |
| 2014 | $2,032 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and 345B prices compare by hours?
| Hours | Caterpillar 118C | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | — | $4,836 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 118C
We'll send you current pricing and available units. No spam.
Get a Price Quote on Caterpillar 345B
We'll send you current pricing and available units. No spam.