Caterpillar 118C vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $46,239 difference. Based on 60 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 $46,239 less than the TL12V2.
Takeuchi TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 118C and TL12V2 specs compare?
| Spec | Caterpillar 118C | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 118C and TL12V2?
- Price: The 118C is $46,239 cheaper on average (93% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while TL12V2 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 TL12V2? Check current listings with Deal Scores.
Which is the better value: 118C or TL12V2?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($46,239 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 118C and TL12V2 prices compare by year?
| Year | Caterpillar 118C | Takeuchi TL12V2 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2021 | — | $40,750 (8) |
| 2019 | $4,200 (2) | $59,964 (4) |
| 2018 | $3,127 (2) | $55,312 (2) |
| 2017 | $2,189 (2) | — |
| 2016 | — | $54,962 (8) |
| 2014 | $2,032 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and TL12V2 prices compare by hours?
| Hours | Caterpillar 118C | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | — | $78,440 (4) |
| 1,000-1,999 hrs | — | $43,156 (6) |
| 2,000-2,999 hrs | — | $57,260 (8) |
| 3,000-3,999 hrs | — | $31,189 (4) |
| 4,000+ hrs | — | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 118C or TL12V2 in Canada?
Caterpillar 118C
No active listings right now.
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