Caterpillar 242D3 vs Caterpillar 306B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $8,272 for the Caterpillar 306B. That's a $38,233 difference. Based on 15 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 306B is the better value buy for most Canadian buyers, averaging $38,233 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 →What are the key differences between 242D3 and 306B?
- Price: The 306B is $38,233 cheaper on average (82% savings).
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 306B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 306B?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 306B if:
- You want lower upfront cost ($38,233 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 306B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 306B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2017 | — | $9,134 (2) |
| 2016 | — | $10,095 (2) |
| 2015 | — | $5,587 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 306B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 306B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 306B in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Caterpillar 306B
No active listings right now.
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