Caterpillar 242D3 vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $37,430 difference. Based on 15 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $37,430 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 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between 242D3 and 345B?
- Price: The 345B is $37,430 cheaper on average (80% savings).
- Usage: Used 242D3s average 1,362 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 345B? Check current listings with Deal Scores.
Which is the better value: 242D3 or 345B?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($37,430 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 242D3 and 345B prices compare by year?
| Year | Caterpillar 242D3 | Caterpillar 345B |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2015 | — | $8,480 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 345B prices compare by hours?
| Hours | Caterpillar 242D3 | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $4,836 (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 345B in Canada?
Caterpillar 242D3
2023 Caterpillar 242D3
2,128 hrs · Edmonton
$59,000 CAD
2023 Caterpillar 242D3
201 hrs · Regina
$72,000 CAD
Caterpillar 345B
No active listings right now.
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