Caterpillar 242B3 vs New Holland L555: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $6,587 for the New Holland L555. That's a $19,742 difference. Based on 20 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L555 is the better value buy for most Canadian buyers, averaging $19,742 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 →New Holland L555
SSL$6,587 CAD avg
$3,263
Low
$13,953
High
12
Sales
Avg 3,597 hours · 1990–1991 model years
Full price guide →What are the key differences between 242B3 and L555?
- Price: The L555 is $19,742 cheaper on average (75% savings).
- Usage: Used 242B3s average 1,852 hours while L555s average 3,597 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or L555? Check current listings with Deal Scores.
Which is the better value: 242B3 or L555?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L555 if:
- You want lower upfront cost ($19,742 savings)
- You prefer New Holland's dealer network and parts availability
How do 242B3 and L555 prices compare by year?
| Year | Caterpillar 242B3 | New Holland L555 |
|---|---|---|
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
| 1991 | — | $5,767 (2) |
| 1990 | — | $6,957 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and L555 prices compare by hours?
| Hours | Caterpillar 242B3 | New Holland L555 |
|---|---|---|
| 0-999 hrs | $26,032 (2) | — |
| 1,000-1,999 hrs | $25,297 (4) | — |
| 2,000-2,999 hrs | — | $5,154 (4) |
| 3,000-3,999 hrs | — | $3,728 (2) |
| 4,000+ hrs | $28,690 (2) | $8,494 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
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