Caterpillar 118C vs New Holland L555: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $6,587 for the New Holland L555. That's a $3,353 difference. Based on 46 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $3,353 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
New Holland L555
SSL$6,587 CAD avg
$3,263
Low
$13,953
High
12
Sales
Avg 3,597 hours · 1990–1991 model years
Full price guide →What are the key differences between 118C and L555?
- Price: The 118C is $3,353 cheaper on average (51% savings).
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or L555? Check current listings with Deal Scores.
Which is the better value: 118C or L555?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($3,353 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L555 if:
- You prefer New Holland's dealer network and parts availability
How do 118C and L555 prices compare by year?
| Year | Caterpillar 118C | New Holland L555 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2014 | $2,032 (6) | — |
| 1991 | — | $5,767 (2) |
| 1990 | — | $6,957 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and L555 prices compare by hours?
| Hours | Caterpillar 118C | New Holland L555 |
|---|---|---|
| 2,000-2,999 hrs | — | $5,154 (4) |
| 3,000-3,999 hrs | — | $3,728 (2) |
| 4,000+ hrs | — | $8,494 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
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