Caterpillar 216B vs Caterpillar 242B: Which Is the Better Value?
The Caterpillar 216B averages $10,126 CAD at auction, compared to $18,764 for the Caterpillar 242B. That's a $8,637 difference. Based on 33 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 216B is the better value buy for most Canadian buyers, averaging $8,637 less than the 242B.
Caterpillar 216B
SSL$10,126 CAD avg
$4,001
Low
$18,088
High
11
Sales
Avg 2,042 hours · 2005–2007 model years
Full price guide →Caterpillar 242B
SSL$18,764 CAD avg
$7,286
Low
$29,380
High
22
Sales
Avg 3,523 hours · 2004–2013 model years
Full price guide →What are the key differences between 216B and 242B?
- Price: The 216B is $8,637 cheaper on average (46% savings).
- Usage: Used 216Bs average 2,042 hours while 242Bs average 3,523 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 216B or 242B? Check current listings with Deal Scores.
Which is the better value: 216B or 242B?
Choose the Caterpillar 216B if:
- You want lower upfront cost ($8,637 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242B if:
- You prefer Caterpillar's dealer network and parts availability
How do 216B and 242B prices compare by year?
| Year | Caterpillar 216B | Caterpillar 242B |
|---|---|---|
| 2013 | — | $17,396 (2) |
| 2012 | — | $19,401 (2) |
| 2008 | — | $29,111 (2) |
| 2007 | $4,371 (2) | — |
| 2006 | $17,772 (2) | $27,942 (2) |
| 2005 | $10,517 (6) | $16,962 (10) |
| 2004 | — | $13,874 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 216B and 242B prices compare by hours?
| Hours | Caterpillar 216B | Caterpillar 242B |
|---|---|---|
| 0-999 hrs | $10,721 (4) | — |
| 1,000-1,999 hrs | — | $19,840 (4) |
| 2,000-2,999 hrs | — | $24,793 (4) |
| 4,000+ hrs | $17,772 (2) | $21,238 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
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