Caterpillar 242B vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $9,689 difference. Based on 28 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $9,689 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 →Caterpillar 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between 242B and 345B?
- Price: The 345B is $9,689 cheaper on average (52% savings).
- Usage: Used 242Bs average 3,523 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or 345B? Check current listings with Deal Scores.
Which is the better value: 242B or 345B?
Choose the Caterpillar 242B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($9,689 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242B and 345B prices compare by year?
| Year | Caterpillar 242B | Caterpillar 345B |
|---|---|---|
| 2015 | — | $8,480 (4) |
| 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 345B prices compare by hours?
| Hours | Caterpillar 242B | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | — | $4,836 (2) |
| 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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