Caterpillar 242B vs New Holland L218: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $18,992 for the New Holland L218. Based on 30 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $227 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
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 →New Holland L218
SSL$18,992 CAD avg
$9,715
Low
$36,332
High
8
Sales
Avg 3,003 hours · 2011–2012 model years
Full price guide →How do 242B and L218 specs compare?
| Spec | Caterpillar 242B | New Holland L218 |
|---|---|---|
| Horsepower | — | 60 hp |
| Rated Operating Capacity | — | 1,800 lbs |
| Operating Weight | — | 6,160 lbs |
| Lift Type | — | radial |
| Frame Size | — | small |
| High Flow | — | 1 gpm |
What are the key differences between 242B and L218?
- Usage: Used 242Bs average 3,523 hours while L218s average 3,003 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or L218? Check current listings with Deal Scores.
Which is the better value: 242B or L218?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($227 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L218 if:
- You prefer New Holland's dealer network and parts availability
How do 242B and L218 prices compare by year?
| Year | Caterpillar 242B | New Holland L218 |
|---|---|---|
| 2013 | $17,396 (2) | — |
| 2012 | $19,401 (2) | $13,321 (4) |
| 2011 | — | $24,663 (4) |
| 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 L218 prices compare by hours?
| Hours | Caterpillar 242B | New Holland L218 |
|---|---|---|
| 0-999 hrs | — | $24,663 (4) |
| 1,000-1,999 hrs | $19,840 (4) | — |
| 2,000-2,999 hrs | $24,793 (4) | — |
| 3,000-3,999 hrs | — | $16,202 (2) |
| 4,000+ hrs | $21,238 (8) | $10,441 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242B or L218 in Canada?
Caterpillar 242B
No active listings right now.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 242B
We'll send you current pricing and available units. No spam.
Get a Price Quote on New Holland L218
We'll send you current pricing and available units. No spam.