Caterpillar 242D3 vs Caterpillar 262D: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $27,304 for the Caterpillar 262D. That's a $19,202 difference. Based on 100 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262D is the better value buy for most Canadian buyers, averaging $19,202 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 262D
SSL$27,304 CAD avg
$11,233
Low
$53,070
High
91
Sales
Avg 3,845 hours · 2013–2019 model years
Full price guide →What are the key differences between 242D3 and 262D?
- Price: The 262D is $19,202 cheaper on average (41% savings).
- Usage: Used 242D3s average 1,362 hours while 262Ds average 3,845 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 262D? Check current listings with Deal Scores.
Which is the better value: 242D3 or 262D?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 262D if:
- You want lower upfront cost ($19,202 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 262D prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 262D |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2019 | — | $23,439 (4) |
| 2018 | — | $26,302 (14) |
| 2017 | — | $24,194 (16) |
| 2016 | — | $31,259 (12) |
| 2015 | — | $31,425 (17) |
| 2014 | — | $23,830 (22) |
| 2013 | — | $42,801 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 262D prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 262D |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $47,156 (4) |
| 1,000-1,999 hrs | $52,417 (4) | $34,947 (14) |
| 2,000-2,999 hrs | $25,806 (2) | $29,670 (18) |
| 3,000-3,999 hrs | — | $24,712 (11) |
| 4,000+ hrs | — | $22,850 (38) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 262D in Canada?
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