Caterpillar 216B vs Caterpillar 242D: Which Is the Better Value?
The Caterpillar 216B averages $10,126 CAD at auction, compared to $23,555 for the Caterpillar 242D. That's a $13,428 difference. Based on 23 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 $13,428 less than the 242D.
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 242D
SSL$23,555 CAD avg
$10,018
Low
$34,666
High
12
Sales
Avg 3,839 hours · 2014–2018 model years
Full price guide →What are the key differences between 216B and 242D?
- Price: The 216B is $13,428 cheaper on average (57% savings).
- Usage: Used 216Bs average 2,042 hours while 242Ds average 3,839 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 216B or 242D? Check current listings with Deal Scores.
Which is the better value: 216B or 242D?
Choose the Caterpillar 216B if:
- You want lower upfront cost ($13,428 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242D if:
- You prefer Caterpillar's dealer network and parts availability
How do 216B and 242D prices compare by year?
| Year | Caterpillar 216B | Caterpillar 242D |
|---|---|---|
| 2018 | — | $33,730 (2) |
| 2016 | — | $14,593 (2) |
| 2015 | — | $22,270 (4) |
| 2014 | — | $24,234 (4) |
| 2007 | $4,371 (2) | — |
| 2006 | $17,772 (2) | — |
| 2005 | $10,517 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 216B and 242D prices compare by hours?
| Hours | Caterpillar 216B | Caterpillar 242D |
|---|---|---|
| 0-999 hrs | $10,721 (4) | — |
| 2,000-2,999 hrs | — | $26,090 (6) |
| 3,000-3,999 hrs | — | $24,234 (4) |
| 4,000+ hrs | $17,772 (2) | $14,593 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 216B or 242D in Canada?
Caterpillar 216B
No active listings right now.
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