Caterpillar 118C vs Mustang TL25: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $27,822 for the Mustang TL25. That's a $24,589 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 $24,589 less than the TL25.
Mustang TL25
CTL$27,822 CAD avg
$21,831
Low
$37,191
High
6
Sales
Avg 2,704 hours · 2004–2005 model years
Full price guide →What are the key differences between 118C and TL25?
- Price: The 118C is $24,589 cheaper on average (88% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while TL25 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Caterpillar and Mustang retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or TL25? Check current listings with Deal Scores.
Which is the better value: 118C or TL25?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($24,589 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Mustang TL25 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Mustang's dealer network and parts availability
How do 118C and TL25 prices compare by year?
| Year | Caterpillar 118C | Mustang TL25 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2014 | $2,032 (6) | — |
| 2005 | — | $21,921 (2) |
| 2004 | — | $30,772 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and TL25 prices compare by hours?
| Hours | Caterpillar 118C | Mustang TL25 |
|---|---|---|
| 0-999 hrs | — | $21,921 (2) |
| 2,000-2,999 hrs | — | $24,569 (2) |
| 4,000+ hrs | — | $36,976 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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