Caterpillar 118C vs Gehl 562: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $9,276 for the Gehl 562. That's a $6,043 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 $6,043 less than the 562.
Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →What are the key differences between 118C and 562?
- Price: The 118C is $6,043 cheaper on average (65% savings).
Both Caterpillar and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or 562? Check current listings with Deal Scores.
Which is the better value: 118C or 562?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($6,043 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Gehl 562 if:
- You prefer Gehl's dealer network and parts availability
How do 118C and 562 prices compare by year?
| Year | Caterpillar 118C | Gehl 562 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2014 | $2,032 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and 562 prices compare by hours?
| Hours | Caterpillar 118C | Gehl 562 |
|---|---|---|
| 1,000-1,999 hrs | — | $7,405 (2) |
| 2,000-2,999 hrs | — | $4,890 (2) |
| 3,000-3,999 hrs | — | $12,405 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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