Caterpillar 242B vs Takeuchi TL240: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $23,877 for the Takeuchi TL240. That's a $5,112 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 $5,112 less than the TL240.
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 TL240
CTL$23,877 CAD avg
$7,937
Low
$45,540
High
26
Sales
Avg 3,982 hours · 2008–2012 model years
Full price guide →What are the key differences between 242B and TL240?
- Price: The 242B is $5,112 cheaper on average (21% savings).
- Track Type: 242B is a wheeled skid steer (SSL) while TL240 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 TL240s average 3,982 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or TL240? Check current listings with Deal Scores.
Which is the better value: 242B or TL240?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($5,112 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL240 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242B and TL240 prices compare by year?
| Year | Caterpillar 242B | Takeuchi TL240 |
|---|---|---|
| 2013 | $17,396 (2) | — |
| 2012 | $19,401 (2) | $24,635 (8) |
| 2011 | — | $33,857 (4) |
| 2010 | — | $21,417 (6) |
| 2008 | $29,111 (2) | $19,973 (8) |
| 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 TL240 prices compare by hours?
| Hours | Caterpillar 242B | Takeuchi TL240 |
|---|---|---|
| 1,000-1,999 hrs | $19,840 (4) | — |
| 2,000-2,999 hrs | $24,793 (4) | $32,173 (8) |
| 3,000-3,999 hrs | — | $23,874 (8) |
| 4,000+ hrs | $21,238 (8) | $17,242 (10) |
Hours matter more than age for resale value. See our hours vs age analysis.
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