Caterpillar 242B vs New Holland L228: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $24,977 for the New Holland L228. That's a $6,212 difference. Based on 36 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 $6,212 less than the L228.
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 L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do 242B and L228 specs compare?
| Spec | Caterpillar 242B | New Holland L228 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 2,400 lbs |
| Operating Weight | — | 7,560 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242B and L228?
- Price: The 242B is $6,212 cheaper on average (25% savings).
- Usage: Used 242Bs average 3,523 hours while L228s average 2,064 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or L228? Check current listings with Deal Scores.
Which is the better value: 242B or L228?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($6,212 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You prefer New Holland's dealer network and parts availability
How do 242B and L228 prices compare by year?
| Year | Caterpillar 242B | New Holland L228 |
|---|---|---|
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (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 L228 prices compare by hours?
| Hours | Caterpillar 242B | New Holland L228 |
|---|---|---|
| 1,000-1,999 hrs | $19,840 (4) | $33,937 (6) |
| 2,000-2,999 hrs | $24,793 (4) | $19,998 (4) |
| 3,000-3,999 hrs | — | $14,846 (2) |
| 4,000+ hrs | $21,238 (8) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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