Caterpillar 242B3 vs John Deere 331G: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $59,332 for the John Deere 331G. That's a $33,003 difference. Based on 48 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242B3 is the better value buy for most Canadian buyers, averaging $33,003 less than the 331G.
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 →John Deere 331G
CTL$59,332 CAD avg
$28,082
Low
$83,036
High
40
Sales
Avg 1,876 hours · 2016–2023 model years
Full price guide →How do 242B3 and 331G specs compare?
| Spec | Caterpillar 242B3 | John Deere 331G |
|---|---|---|
| Horsepower | — | 91 hp |
| Rated Operating Capacity | — | 3,000 lbs |
| Operating Weight | — | 11,205 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 242B3 and 331G?
- Price: The 242B3 is $33,003 cheaper on average (56% savings).
- Track Type: 242B3 is a wheeled skid steer (SSL) while 331G is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
Both Caterpillar and John Deere retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or 331G? Check current listings with Deal Scores.
Which is the better value: 242B3 or 331G?
Choose the Caterpillar 242B3 if:
- You want lower upfront cost ($33,003 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the John Deere 331G if:
- You work on soft ground, mud, or uneven terrain
- You prefer John Deere's dealer network and parts availability
How do 242B3 and 331G prices compare by year?
| Year | Caterpillar 242B3 | John Deere 331G |
|---|---|---|
| 2023 | — | $71,173 (6) |
| 2021 | — | $55,128 (6) |
| 2020 | — | $55,331 (6) |
| 2019 | — | $69,698 (6) |
| 2017 | — | $53,008 (10) |
| 2016 | — | $58,502 (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 331G prices compare by hours?
| Hours | Caterpillar 242B3 | John Deere 331G |
|---|---|---|
| 0-999 hrs | $26,032 (2) | $55,662 (8) |
| 1,000-1,999 hrs | $25,297 (4) | $64,316 (18) |
| 2,000-2,999 hrs | — | $63,395 (8) |
| 3,000-3,999 hrs | — | $41,496 (4) |
| 4,000+ hrs | $28,690 (2) | $48,576 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242B3 or 331G in Canada?
Caterpillar 242B3
No active listings right now.
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