Caterpillar 242B3 vs Caterpillar 262B: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $18,443 for the Caterpillar 262B. That's a $7,885 difference. Based on 28 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262B is the better value buy for most Canadian buyers, averaging $7,885 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 262B
SSL$18,443 CAD avg
$11,840
Low
$26,564
High
20
Sales
Avg 4,186 hours · 2004–2007 model years
Full price guide →What are the key differences between 242B3 and 262B?
- Price: The 262B is $7,885 cheaper on average (30% savings).
- Usage: Used 242B3s average 1,852 hours while 262Bs average 4,186 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or 262B? Check current listings with Deal Scores.
Which is the better value: 242B3 or 262B?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 262B if:
- You want lower upfront cost ($7,885 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242B3 and 262B prices compare by year?
| Year | Caterpillar 242B3 | Caterpillar 262B |
|---|---|---|
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
| 2007 | — | $19,357 (2) |
| 2006 | — | $16,135 (10) |
| 2005 | — | $21,753 (6) |
| 2004 | — | $19,143 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and 262B prices compare by hours?
| Hours | Caterpillar 242B3 | Caterpillar 262B |
|---|---|---|
| 0-999 hrs | $26,032 (2) | $22,441 (2) |
| 1,000-1,999 hrs | $25,297 (4) | — |
| 2,000-2,999 hrs | — | $19,614 (2) |
| 3,000-3,999 hrs | — | $19,357 (2) |
| 4,000+ hrs | $28,690 (2) | $16,410 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
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