Caterpillar 242B3 vs Gehl 562: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $9,276 for the Gehl 562. That's a $17,052 difference. Based on 16 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Gehl 562 is the better value buy for most Canadian buyers, averaging $17,052 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 →Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →What are the key differences between 242B3 and 562?
- Price: The 562 is $17,052 cheaper on average (65% savings).
- Usage: Used 242B3s average 1,852 hours while 562s average 2,774 hours.
Both Caterpillar and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or 562? Check current listings with Deal Scores.
Which is the better value: 242B3 or 562?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Gehl 562 if:
- You want lower upfront cost ($17,052 savings)
- You prefer Gehl's dealer network and parts availability
How do 242B3 and 562 prices compare by year?
| Year | Caterpillar 242B3 | Gehl 562 |
|---|---|---|
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and 562 prices compare by hours?
| Hours | Caterpillar 242B3 | Gehl 562 |
|---|---|---|
| 0-999 hrs | $26,032 (2) | — |
| 1,000-1,999 hrs | $25,297 (4) | $7,405 (2) |
| 2,000-2,999 hrs | — | $4,890 (2) |
| 3,000-3,999 hrs | — | $12,405 (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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