Caterpillar 242D3 vs John Deere 320: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $17,566 for the John Deere 320. That's a $28,939 difference. Based on 41 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The John Deere 320 is the better value buy for most Canadian buyers, averaging $28,939 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 →John Deere 320
CTL$17,566 CAD avg
$7,286
Low
$27,192
High
32
Sales
Avg 2,313 hours · 2005–2009 model years
Full price guide →What are the key differences between 242D3 and 320?
- Price: The 320 is $28,939 cheaper on average (62% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while 320 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 320s average 2,313 hours.
Both Caterpillar and John Deere retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 320? Check current listings with Deal Scores.
Which is the better value: 242D3 or 320?
Choose the Caterpillar 242D3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the John Deere 320 if:
- You want lower upfront cost ($28,939 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer John Deere's dealer network and parts availability
How do 242D3 and 320 prices compare by year?
| Year | Caterpillar 242D3 | John Deere 320 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2009 | — | $23,374 (2) |
| 2007 | — | $15,062 (4) |
| 2006 | — | $16,678 (12) |
| 2005 | — | $18,792 (12) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 320 prices compare by hours?
| Hours | Caterpillar 242D3 | John Deere 320 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $14,990 (4) |
| 1,000-1,999 hrs | $52,417 (4) | $22,521 (10) |
| 2,000-2,999 hrs | $25,806 (2) | $16,504 (8) |
| 3,000-3,999 hrs | — | $15,281 (6) |
| 4,000+ hrs | — | $17,681 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 320 in Canada?
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