Caterpillar 216B vs Caterpillar 242D3: Which Is the Better Value?
The Caterpillar 216B averages $10,126 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $36,379 difference. Based on 20 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 $36,379 less than the 242D3.
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 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →What are the key differences between 216B and 242D3?
- Price: The 216B is $36,379 cheaper on average (78% savings).
- Usage: Used 216Bs average 2,042 hours while 242D3s average 1,362 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 216B or 242D3? Check current listings with Deal Scores.
Which is the better value: 216B or 242D3?
Choose the Caterpillar 216B if:
- You want lower upfront cost ($36,379 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do 216B and 242D3 prices compare by year?
| Year | Caterpillar 216B | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | — | $42,756 (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 242D3 prices compare by hours?
| Hours | Caterpillar 216B | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | $10,721 (4) | $73,117 (2) |
| 1,000-1,999 hrs | — | $52,417 (4) |
| 2,000-2,999 hrs | — | $25,806 (2) |
| 4,000+ hrs | $17,772 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 216B or 242D3 in Canada?
Caterpillar 216B
No active listings right now.
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