Caterpillar 242B vs Caterpillar 306B: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $8,272 for the Caterpillar 306B. That's a $10,492 difference. Based on 28 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 306B is the better value buy for most Canadian buyers, averaging $10,492 less than the 242B.
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 242B and 306B?
- Price: The 306B is $10,492 cheaper on average (56% savings).
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or 306B? Check current listings with Deal Scores.
Which is the better value: 242B or 306B?
Choose the Caterpillar 242B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 306B if:
- You want lower upfront cost ($10,492 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242B and 306B prices compare by year?
| Year | Caterpillar 242B | Caterpillar 306B |
|---|---|---|
| 2017 | — | $9,134 (2) |
| 2016 | — | $10,095 (2) |
| 2015 | — | $5,587 (2) |
| 2013 | $17,396 (2) | — |
| 2012 | $19,401 (2) | — |
| 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 306B prices compare by hours?
| Hours | Caterpillar 242B | Caterpillar 306B |
|---|---|---|
| 1,000-1,999 hrs | $19,840 (4) | — |
| 2,000-2,999 hrs | $24,793 (4) | — |
| 4,000+ hrs | $21,238 (8) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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