Caterpillar 242B vs Caterpillar 242B3: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $26,329 for the Caterpillar 242B3. That's a $7,564 difference. Based on 30 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B is the better value buy for most Canadian buyers, averaging $7,564 less than the 242B3.
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 →Caterpillar 242B3
SSL$26,329 CAD avg
$23,529
Low
$29,297
High
8
Sales
Avg 1,852 hours · 2012–2013 model years
Full price guide →What are the key differences between 242B and 242B3?
- Price: The 242B is $7,564 cheaper on average (29% savings).
- Usage: Used 242Bs average 3,523 hours while 242B3s average 1,852 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or 242B3? Check current listings with Deal Scores.
Which is the better value: 242B or 242B3?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($7,564 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
How do 242B and 242B3 prices compare by year?
| Year | Caterpillar 242B | Caterpillar 242B3 |
|---|---|---|
| 2013 | $17,396 (2) | $26,032 (2) |
| 2012 | $19,401 (2) | $26,428 (6) |
| 2008 | $29,111 (2) | — |
| 2006 | $27,942 (2) | — |
| 2005 | $16,962 (10) | — |
| 2004 | $13,874 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B and 242B3 prices compare by hours?
| Hours | Caterpillar 242B | Caterpillar 242B3 |
|---|---|---|
| 0-999 hrs | — | $26,032 (2) |
| 1,000-1,999 hrs | $19,840 (4) | $25,297 (4) |
| 2,000-2,999 hrs | $24,793 (4) | — |
| 4,000+ hrs | $21,238 (8) | $28,690 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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