Caterpillar 242D3 vs Caterpillar 247B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $21,335 for the Caterpillar 247B. That's a $25,171 difference. Based on 19 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 247B is the better value buy for most Canadian buyers, averaging $25,171 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 247B
CTL$21,335 CAD avg
$12,447
Low
$36,176
High
10
Sales
Avg 3,652 hours · 2005–2007 model years
Full price guide →What are the key differences between 242D3 and 247B?
- Price: The 247B is $25,171 cheaper on average (54% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while 247B is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 242D3s average 1,362 hours while 247Bs average 3,652 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 247B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 247B?
Choose the Caterpillar 242D3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 247B if:
- You want lower upfront cost ($25,171 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 247B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 247B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2007 | — | $24,222 (4) |
| 2006 | — | $20,675 (4) |
| 2005 | — | $16,881 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 247B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 247B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $24,225 (4) |
| 3,000-3,999 hrs | — | $28,444 (2) |
| 4,000+ hrs | — | $14,890 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 247B in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Caterpillar 247B
No active listings right now.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 242D3
We'll send you current pricing and available units. No spam.
Get a Price Quote on Caterpillar 247B
We'll send you current pricing and available units. No spam.