Caterpillar 242D vs New Holland L555: Which Is the Better Value?
The Caterpillar 242D averages $23,555 CAD at auction, compared to $6,587 for the New Holland L555. That's a $16,968 difference. Based on 24 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 $16,968 less than the 242D.
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 →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 242D and L555?
- Price: The L555 is $16,968 cheaper on average (72% savings).
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D or L555? Check current listings with Deal Scores.
Which is the better value: 242D or L555?
Choose the Caterpillar 242D if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L555 if:
- You want lower upfront cost ($16,968 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D and L555 prices compare by year?
| Year | Caterpillar 242D | New Holland L555 |
|---|---|---|
| 2018 | $33,730 (2) | — |
| 2016 | $14,593 (2) | — |
| 2015 | $22,270 (4) | — |
| 2014 | $24,234 (4) | — |
| 1991 | — | $5,767 (2) |
| 1990 | — | $6,957 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D and L555 prices compare by hours?
| Hours | Caterpillar 242D | New Holland L555 |
|---|---|---|
| 2,000-2,999 hrs | $26,090 (6) | $5,154 (4) |
| 3,000-3,999 hrs | $24,234 (4) | $3,728 (2) |
| 4,000+ hrs | $14,593 (2) | $8,494 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D or L555 in Canada?
Caterpillar 242D
All Caterpillar 242D listings →New Holland L555
No active listings right now.
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