Caterpillar 118C vs New Holland C232: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $39,742 for the New Holland C232. That's a $36,509 difference. Based on 48 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 $36,509 less than the C232.
New Holland C232
CTL$39,742 CAD avg
$17,457
Low
$60,253
High
14
Sales
Avg 1,841 hours · 2011–2017 model years
Full price guide →How do 118C and C232 specs compare?
| Spec | Caterpillar 118C | New Holland C232 |
|---|---|---|
| Horsepower | — | 84 hp |
| Rated Operating Capacity | — | 2,700 lbs |
| Operating Weight | — | 10,085 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 118C and C232?
- Price: The 118C is $36,509 cheaper on average (92% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while C232 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or C232? Check current listings with Deal Scores.
Which is the better value: 118C or C232?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($36,509 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland C232 if:
- You work on soft ground, mud, or uneven terrain
- You prefer New Holland's dealer network and parts availability
How do 118C and C232 prices compare by year?
| Year | Caterpillar 118C | New Holland C232 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | $52,192 (4) |
| 2014 | $2,032 (6) | $32,575 (2) |
| 2013 | — | $45,914 (4) |
| 2012 | — | $18,756 (2) |
| 2011 | — | $30,651 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and C232 prices compare by hours?
| Hours | Caterpillar 118C | New Holland C232 |
|---|---|---|
| 1,000-1,999 hrs | — | $45,372 (10) |
| 3,000-3,999 hrs | — | $32,575 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 118C or C232 in Canada?
Caterpillar 118C
No active listings right now.
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