Caterpillar 118C vs Takeuchi TL12V: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $44,163 for the Takeuchi TL12V. That's a $40,929 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 $40,929 less than the TL12V.
Takeuchi TL12V
CTL$44,163 CAD avg
$13,799
Low
$86,526
High
14
Sales
Avg 2,580 hours · 2016–2022 model years
Full price guide →What are the key differences between 118C and TL12V?
- Price: The 118C is $40,929 cheaper on average (93% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while TL12V is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 118C or TL12V? Check current listings with Deal Scores.
Which is the better value: 118C or TL12V?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($40,929 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 118C and TL12V prices compare by year?
| Year | Caterpillar 118C | Takeuchi TL12V |
|---|---|---|
| 2022 | $4,891 (2) | $21,045 (2) |
| 2020 | — | $30,654 (4) |
| 2019 | $4,200 (2) | $60,665 (4) |
| 2018 | $3,127 (2) | $40,568 (2) |
| 2017 | $2,189 (2) | — |
| 2016 | — | $64,888 (2) |
| 2014 | $2,032 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and TL12V prices compare by hours?
| Hours | Caterpillar 118C | Takeuchi TL12V |
|---|---|---|
| 0-999 hrs | — | $75,890 (2) |
| 1,000-1,999 hrs | — | $13,799 (1) |
| 2,000-2,999 hrs | — | $50,298 (6) |
| 3,000-3,999 hrs | — | $37,652 (3) |
| 4,000+ hrs | — | $18,975 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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