Caterpillar 242B vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $30,708 difference. Based on 48 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 $30,708 less than the TL12V2.
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 →Takeuchi TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 242B and TL12V2 specs compare?
| Spec | Caterpillar 242B | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 242B and TL12V2?
- Price: The 242B is $30,708 cheaper on average (62% savings).
- Track Type: 242B is a wheeled skid steer (SSL) while TL12V2 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 242Bs average 3,523 hours while TL12V2s average 2,220 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or TL12V2? Check current listings with Deal Scores.
Which is the better value: 242B or TL12V2?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($30,708 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242B and TL12V2 prices compare by year?
| Year | Caterpillar 242B | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | — | $54,962 (8) |
| 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 TL12V2 prices compare by hours?
| Hours | Caterpillar 242B | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | — | $78,440 (4) |
| 1,000-1,999 hrs | $19,840 (4) | $43,156 (6) |
| 2,000-2,999 hrs | $24,793 (4) | $57,260 (8) |
| 3,000-3,999 hrs | — | $31,189 (4) |
| 4,000+ hrs | $21,238 (8) | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242B or TL12V2 in Canada?
Caterpillar 242B
No active listings right now.
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