Caterpillar 242B vs New Holland L555: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $6,587 for the New Holland L555. That's a $12,177 difference. Based on 34 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L555 is the better value buy for most Canadian buyers, averaging $12,177 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 →New Holland L555
SSL$6,587 CAD avg
$3,263
Low
$13,953
High
12
Sales
Avg 3,597 hours · 1990–1991 model years
Full price guide →What are the key differences between 242B and L555?
- Price: The L555 is $12,177 cheaper on average (65% savings).
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or L555? Check current listings with Deal Scores.
Which is the better value: 242B or L555?
Choose the Caterpillar 242B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L555 if:
- You want lower upfront cost ($12,177 savings)
- You prefer New Holland's dealer network and parts availability
How do 242B and L555 prices compare by year?
| Year | Caterpillar 242B | New Holland L555 |
|---|---|---|
| 2013 | $17,396 (2) | — |
| 2012 | $19,401 (2) | — |
| 2008 | $29,111 (2) | — |
| 2006 | $27,942 (2) | — |
| 2005 | $16,962 (10) | — |
| 2004 | $13,874 (4) | — |
| 1991 | — | $5,767 (2) |
| 1990 | — | $6,957 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B and L555 prices compare by hours?
| Hours | Caterpillar 242B | New Holland L555 |
|---|---|---|
| 1,000-1,999 hrs | $19,840 (4) | — |
| 2,000-2,999 hrs | $24,793 (4) | $5,154 (4) |
| 3,000-3,999 hrs | — | $3,728 (2) |
| 4,000+ hrs | $21,238 (8) | $8,494 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
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