Caterpillar 242D3 vs Caterpillar 248B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $16,409 for the Caterpillar 248B. That's a $30,096 difference. Based on 25 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $30,096 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 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →What are the key differences between 242D3 and 248B?
- Price: The 248B is $30,096 cheaper on average (65% savings).
- Usage: Used 242D3s average 1,362 hours while 248Bs average 4,803 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 248B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 248B?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 248B if:
- You want lower upfront cost ($30,096 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 248B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 248B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2007 | — | $18,337 (2) |
| 2006 | — | $13,251 (6) |
| 2005 | — | $17,812 (6) |
| 2004 | — | $19,747 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 248B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 248B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $22,270 (4) |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $18,337 (2) |
| 3,000-3,999 hrs | — | $14,322 (4) |
| 4,000+ hrs | — | $13,251 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 248B in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Caterpillar 248B
No active listings right now.
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