Caterpillar 242B3 vs Takeuchi TL8: Which Is the Better Value?
The Caterpillar 242B3 averages $26,329 CAD at auction, compared to $30,396 for the Takeuchi TL8. That's a $4,067 difference. Based on 55 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $4,067 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
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 →Takeuchi TL8
CTL$30,396 CAD avg
$10,152
Low
$63,755
High
47
Sales
Avg 2,340 hours · 2014–2020 model years
Full price guide →How do 242B3 and TL8 specs compare?
| Spec | Caterpillar 242B3 | Takeuchi TL8 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 1,900 lbs |
| Operating Weight | — | 8,532 lbs |
| Lift Type | — | radial |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242B3 and TL8?
- Price: The 242B3 is $4,067 cheaper on average (13% savings).
- Track Type: 242B3 is a wheeled skid steer (SSL) while TL8 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 242B3s average 1,852 hours while TL8s average 2,340 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242B3 or TL8? Check current listings with Deal Scores.
Which is the better value: 242B3 or TL8?
Choose the Caterpillar 242B3 if:
- You want lower upfront cost ($4,067 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL8 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242B3 and TL8 prices compare by year?
| Year | Caterpillar 242B3 | Takeuchi TL8 |
|---|---|---|
| 2020 | — | $55,069 (2) |
| 2019 | — | $25,587 (6) |
| 2018 | — | $32,347 (9) |
| 2017 | — | $26,248 (4) |
| 2016 | — | $24,275 (4) |
| 2015 | — | $31,728 (18) |
| 2014 | — | $26,342 (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 TL8 prices compare by hours?
| Hours | Caterpillar 242B3 | Takeuchi TL8 |
|---|---|---|
| 0-999 hrs | $26,032 (2) | $55,069 (2) |
| 1,000-1,999 hrs | $25,297 (4) | $33,418 (15) |
| 2,000-2,999 hrs | — | $27,670 (20) |
| 3,000-3,999 hrs | — | $27,505 (2) |
| 4,000+ hrs | $28,690 (2) | $26,646 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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