Caterpillar 118C vs Takeuchi TL240: Which Is the Better Value?
The Caterpillar 118C averages $3,233 CAD at auction, compared to $23,877 for the Takeuchi TL240. That's a $20,644 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 $20,644 less than the TL240.
Takeuchi TL240
CTL$23,877 CAD avg
$7,937
Low
$45,540
High
26
Sales
Avg 3,982 hours · 2008–2012 model years
Full price guide →What are the key differences between 118C and TL240?
- Price: The 118C is $20,644 cheaper on average (86% savings).
- Track Type: 118C is a wheeled skid steer (SSL) while TL240 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 TL240? Check current listings with Deal Scores.
Which is the better value: 118C or TL240?
Choose the Caterpillar 118C if:
- You want lower upfront cost ($20,644 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL240 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 118C and TL240 prices compare by year?
| Year | Caterpillar 118C | Takeuchi TL240 |
|---|---|---|
| 2022 | $4,891 (2) | — |
| 2019 | $4,200 (2) | — |
| 2018 | $3,127 (2) | — |
| 2017 | $2,189 (2) | — |
| 2014 | $2,032 (6) | — |
| 2012 | — | $24,635 (8) |
| 2011 | — | $33,857 (4) |
| 2010 | — | $21,417 (6) |
| 2008 | — | $19,973 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 118C and TL240 prices compare by hours?
| Hours | Caterpillar 118C | Takeuchi TL240 |
|---|---|---|
| 2,000-2,999 hrs | — | $32,173 (8) |
| 3,000-3,999 hrs | — | $23,874 (8) |
| 4,000+ hrs | — | $17,242 (10) |
Hours matter more than age for resale value. See our hours vs age analysis.
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