Caterpillar 118C vs New Holland L228: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $24,977 for the New Holland L228. That's a $21,743 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 $21,743 less than the L228.
New Holland L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do 118C and L228 specs compare?
| Spec | Caterpillar 118C | New Holland L228 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 2,400 lbs |
| Operating Weight | — | 7,560 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 118C and L228?
- Price: The 118C is $21,743 cheaper on average (87% savings).
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or L228? Check current listings with Deal Scores.
Which is the better value: 118C or L228?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($21,743 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You prefer New Holland's dealer network and parts availability
How do 118C and L228 prices compare by year?
| Year | Caterpillar 118C | New Holland L228 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | $26,965 (2) |
| 2018 | $3,127 (2) | $19,998 (4) |
| 2017 | $2,189 (2) | — |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (2) |
| 2014 | $2,032 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and L228 prices compare by hours?
| Hours | Caterpillar 118C | New Holland L228 |
|---|---|---|
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | — | $19,998 (4) |
| 3,000-3,999 hrs | — | $14,846 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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