Caterpillar 118C vs New Holland C245: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $73,780 for the New Holland C245. That's a $70,547 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 $70,547 less than the C245.
New Holland C245
CTL$73,780 CAD avg
$59,960
Low
$98,042
High
6
Sales
Avg 1,061 hours · 2018–2019 model years
Full price guide →How do 118C and C245 specs compare?
| Spec | Caterpillar 118C | New Holland C245 |
|---|---|---|
| Horsepower | — | 90 hp |
| Rated Operating Capacity | — | 4,500 lbs |
| Operating Weight | — | 12,920 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 118C and C245?
- Price: The 118C is $70,547 cheaper on average (96% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while C245 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 C245? Check current listings with Deal Scores.
Which is the better value: 118C or C245?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($70,547 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland C245 if:
- You work on soft ground, mud, or uneven terrain
- You prefer New Holland's dealer network and parts availability
How do 118C and C245 prices compare by year?
| Year | Caterpillar 118C | New Holland C245 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | $93,043 (2) |
| 2018 | $3,127 (2) | $64,742 (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 C245 prices compare by hours?
| Hours | Caterpillar 118C | New Holland C245 |
|---|---|---|
| 0-999 hrs | — | $93,043 (2) |
| 1,000-1,999 hrs | — | $64,149 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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