Caterpillar 242D vs Caterpillar 262D3: Which Is the Better Value?
The Caterpillar 242D averages $23,555 CAD at auction, compared to $34,933 for the Caterpillar 262D3. That's a $11,378 difference. Based on 28 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 $11,378 less than the 262D3.
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 262D3
SSL$34,933 CAD avg
$13,799
Low
$48,700
High
16
Sales
Avg 3,424 hours · 2020–2024 model years
Full price guide →What are the key differences between 242D and 262D3?
- Price: The 242D is $11,378 cheaper on average (33% savings).
- Usage: Used 242Ds average 3,839 hours while 262D3s average 3,424 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D or 262D3? Check current listings with Deal Scores.
Which is the better value: 242D or 262D3?
Choose the Caterpillar 242D if:
- You want lower upfront cost ($11,378 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 262D3 if:
- You prefer Caterpillar's dealer network and parts availability
How do 242D and 262D3 prices compare by year?
| Year | Caterpillar 242D | Caterpillar 262D3 |
|---|---|---|
| 2024 | — | $22,080 (1) |
| 2023 | — | $40,026 (2) |
| 2022 | — | $34,500 (1) |
| 2021 | — | $36,845 (6) |
| 2020 | — | $33,538 (6) |
| 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 262D3 prices compare by hours?
| Hours | Caterpillar 242D | Caterpillar 262D3 |
|---|---|---|
| 0-999 hrs | — | $22,080 (1) |
| 2,000-2,999 hrs | $26,090 (6) | $42,560 (6) |
| 3,000-3,999 hrs | $24,234 (4) | $30,387 (2) |
| 4,000+ hrs | $14,593 (2) | $31,531 (7) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D or 262D3 in Canada?
Caterpillar 242D
All Caterpillar 242D listings →More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 242D
We'll send you current pricing and available units. No spam.
Get a Price Quote on Caterpillar 262D3
We'll send you current pricing and available units. No spam.