Caterpillar 242D3 vs Caterpillar 246B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $20,827 for the Caterpillar 246B. That's a $25,678 difference. Based on 25 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 246B is the better value buy for most Canadian buyers, averaging $25,678 less than the 242D3.
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 →Caterpillar 246B
SSL$20,827 CAD avg
$14,724
Low
$29,891
High
16
Sales
Avg 3,676 hours · 2004–2007 model years
Full price guide →What are the key differences between 242D3 and 246B?
- Price: The 246B is $25,678 cheaper on average (55% savings).
- Usage: Used 242D3s average 1,362 hours while 246Bs average 3,676 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 246B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 246B?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 246B if:
- You want lower upfront cost ($25,678 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 246B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 246B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2007 | — | $20,147 (2) |
| 2005 | — | $19,591 (10) |
| 2004 | — | $24,258 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 246B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 246B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $28,987 (2) |
| 1,000-1,999 hrs | $52,417 (4) | $26,128 (2) |
| 2,000-2,999 hrs | $25,806 (2) | — |
| 3,000-3,999 hrs | — | $17,992 (2) |
| 4,000+ hrs | — | $18,332 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 246B in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Caterpillar 246B
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