Caterpillar 242B3 vs New Holland L160: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $16,526 for the New Holland L160. That's a $9,802 difference. Based on 16 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L160 is the better value buy for most Canadian buyers, averaging $9,802 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 L160
SSL$16,526 CAD avg
$12,447
Low
$23,861
High
8
Sales
Avg 2,661 hours · 2006–2007 model years
Full price guide →What are the key differences between 242B3 and L160?
- Price: The L160 is $9,802 cheaper on average (37% savings).
- Usage: Used 242B3s average 1,852 hours while L160s average 2,661 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or L160? Check current listings with Deal Scores.
Which is the better value: 242B3 or L160?
Choose the Caterpillar 242B3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L160 if:
- You want lower upfront cost ($9,802 savings)
- You prefer New Holland's dealer network and parts availability
How do 242B3 and L160 prices compare by year?
| Year | Caterpillar 242B3 | New Holland L160 |
|---|---|---|
| 2013 | $26,032 (2) | — |
| 2012 | $26,428 (6) | — |
| 2007 | — | $22,936 (2) |
| 2006 | — | $14,390 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242B3 and L160 prices compare by hours?
| Hours | Caterpillar 242B3 | New Holland L160 |
|---|---|---|
| 0-999 hrs | $26,032 (2) | — |
| 1,000-1,999 hrs | $25,297 (4) | $18,939 (4) |
| 3,000-3,999 hrs | — | $13,083 (2) |
| 4,000+ hrs | $28,690 (2) | $15,144 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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