Caterpillar 242D3 vs Caterpillar 287B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $27,750 for the Caterpillar 287B. That's a $18,755 difference. Based on 43 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 287B is the better value buy for most Canadian buyers, averaging $18,755 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 287B
CTL$27,750 CAD avg
$13,358
Low
$51,476
High
34
Sales
Avg 3,014 hours · 2004–2007 model years
Full price guide →What are the key differences between 242D3 and 287B?
- Price: The 287B is $18,755 cheaper on average (40% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while 287B 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 287Bs average 3,014 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 287B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 287B?
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 287B if:
- You want lower upfront cost ($18,755 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 287B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 287B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2007 | — | $19,348 (8) |
| 2006 | — | $33,743 (12) |
| 2005 | — | $25,557 (12) |
| 2004 | — | $38,560 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 287B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 287B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $37,198 (6) |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $34,364 (6) |
| 3,000-3,999 hrs | — | $32,614 (6) |
| 4,000+ hrs | — | $19,728 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 287B in Canada?
Caterpillar 242D3
2023 Caterpillar 242D3
2,128 hrs · Edmonton
$59,000 CAD
2023 Caterpillar 242D3
201 hrs · Regina
$72,000 CAD
Caterpillar 287B
No active listings right now.
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