Caterpillar 242D vs Caterpillar 242D3: Which Is the Better Value?
The Caterpillar 242D averages $23,555 CAD at auction, compared to $46,506 for the Caterpillar 242D3. That's a $22,950 difference. Based on 21 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 242D is the better value buy for most Canadian buyers, averaging $22,950 less than the 242D3.
Caterpillar 242D
SSL$23,555 CAD avg
$10,018
Low
$34,666
High
12
Sales
Avg 3,839 hours · 2014–2018 model years
Full price guide →Caterpillar 242D3
SSL$46,506 CAD avg
$11,040
Low
$74,888
High
9
Sales
Avg 1,362 hours · 2020–2022 model years
Full price guide →What are the key differences between 242D and 242D3?
- Price: The 242D is $22,950 cheaper on average (49% savings).
- Usage: Used 242Ds average 3,839 hours while 242D3s average 1,362 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D or 242D3? Check current listings with Deal Scores.
Which is the better value: 242D or 242D3?
Choose the Caterpillar 242D if:
- You want lower upfront cost ($22,950 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do 242D and 242D3 prices compare by year?
| Year | Caterpillar 242D | Caterpillar 242D3 |
|---|---|---|
| 2022 | — | $11,040 (1) |
| 2021 | — | $59,122 (4) |
| 2020 | — | $42,756 (4) |
| 2018 | $33,730 (2) | — |
| 2016 | $14,593 (2) | — |
| 2015 | $22,270 (4) | — |
| 2014 | $24,234 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D and 242D3 prices compare by hours?
| Hours | Caterpillar 242D | Caterpillar 242D3 |
|---|---|---|
| 0-999 hrs | — | $73,117 (2) |
| 1,000-1,999 hrs | — | $52,417 (4) |
| 2,000-2,999 hrs | $26,090 (6) | $25,806 (2) |
| 3,000-3,999 hrs | $24,234 (4) | — |
| 4,000+ hrs | $14,593 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D or 242D3 in Canada?
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