Caterpillar 242B3 vs Caterpillar 248B: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $16,409 for the Caterpillar 248B. That's a $9,919 difference. Based on 24 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $9,919 less than the 242B3.
Caterpillar 242B3
SSL$26,329 CAD avg
$23,529
Low
$29,297
High
8
Sales
Avg 1,852 hours · 2012–2013 model years
Full price guide →Caterpillar 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →What are the key differences between 242B3 and 248B?
- Price: The 248B is $9,919 cheaper on average (38% savings).
- Usage: Used 242B3s average 1,852 hours while 248Bs average 4,803 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or 248B? Check current listings with Deal Scores.
Which is the better value: 242B3 or 248B?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 248B if:
- You want lower upfront cost ($9,919 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242B3 and 248B prices compare by year?
| Year | Caterpillar 242B3 | Caterpillar 248B |
|---|---|---|
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
| 2007 | — | $18,337 (2) |
| 2006 | — | $13,251 (6) |
| 2005 | — | $17,812 (6) |
| 2004 | — | $19,747 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and 248B prices compare by hours?
| Hours | Caterpillar 242B3 | Caterpillar 248B |
|---|---|---|
| 0-999 hrs | $26,032 (2) | $22,270 (4) |
| 1,000-1,999 hrs | $25,297 (4) | — |
| 2,000-2,999 hrs | — | $18,337 (2) |
| 3,000-3,999 hrs | — | $14,322 (4) |
| 4,000+ hrs | $28,690 (2) | $13,251 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
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