Caterpillar 242B3 vs Caterpillar 306B: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $8,272 for the Caterpillar 306B. That's a $18,056 difference. Based on 14 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 306B is the better value buy for most Canadian buyers, averaging $18,056 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 →What are the key differences between 242B3 and 306B?
- Price: The 306B is $18,056 cheaper on average (69% savings).
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or 306B? Check current listings with Deal Scores.
Which is the better value: 242B3 or 306B?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 306B if:
- You want lower upfront cost ($18,056 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242B3 and 306B prices compare by year?
| Year | Caterpillar 242B3 | Caterpillar 306B |
|---|---|---|
| 2017 | — | $9,134 (2) |
| 2016 | — | $10,095 (2) |
| 2015 | — | $5,587 (2) |
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and 306B prices compare by hours?
| Hours | Caterpillar 242B3 | Caterpillar 306B |
|---|---|---|
| 0-999 hrs | $26,032 (2) | — |
| 1,000-1,999 hrs | $25,297 (4) | — |
| 4,000+ hrs | $28,690 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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