Caterpillar 242B vs Takeuchi TL8: Which Is the Better Value?
The Caterpillar 242B averages $18,764 CAD at auction, compared to $30,396 for the Takeuchi TL8. That's a $11,631 difference. Based on 69 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 $11,631 less than the TL8.
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 TL8
CTL$30,396 CAD avg
$10,152
Low
$63,755
High
47
Sales
Avg 2,340 hours · 2014–2020 model years
Full price guide →How do 242B and TL8 specs compare?
| Spec | Caterpillar 242B | Takeuchi TL8 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 1,900 lbs |
| Operating Weight | — | 8,532 lbs |
| Lift Type | — | radial |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242B and TL8?
- Price: The 242B is $11,631 cheaper on average (38% savings).
- Track Type: 242B is a wheeled skid steer (SSL) while TL8 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 TL8s average 2,340 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242B or TL8? Check current listings with Deal Scores.
Which is the better value: 242B or TL8?
Choose the Caterpillar 242B if:
- You want lower upfront cost ($11,631 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL8 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242B and TL8 prices compare by year?
| Year | Caterpillar 242B | Takeuchi TL8 |
|---|---|---|
| 2020 | — | $55,069 (2) |
| 2019 | — | $25,587 (6) |
| 2018 | — | $32,347 (9) |
| 2017 | — | $26,248 (4) |
| 2016 | — | $24,275 (4) |
| 2015 | — | $31,728 (18) |
| 2014 | — | $26,342 (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 TL8 prices compare by hours?
| Hours | Caterpillar 242B | Takeuchi TL8 |
|---|---|---|
| 0-999 hrs | — | $55,069 (2) |
| 1,000-1,999 hrs | $19,840 (4) | $33,418 (15) |
| 2,000-2,999 hrs | $24,793 (4) | $27,670 (20) |
| 3,000-3,999 hrs | — | $27,505 (2) |
| 4,000+ hrs | $21,238 (8) | $26,646 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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