Caterpillar 242D3 vs John Deere 332E: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $21,699 for the John Deere 332E. That's a $24,806 difference. Based on 19 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The John Deere 332E is the better value buy for most Canadian buyers, averaging $24,806 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 332E
SSL$21,699 CAD avg
$13,813
Low
$36,680
High
10
Sales
Avg 4,298 hours · 2013–2016 model years
Full price guide →What are the key differences between 242D3 and 332E?
- Price: The 332E is $24,806 cheaper on average (53% savings).
- Usage: Used 242D3s average 1,362 hours while 332Es average 4,298 hours.
Both Caterpillar and John Deere retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or 332E? Check current listings with Deal Scores.
Which is the better value: 242D3 or 332E?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the John Deere 332E if:
- You want lower upfront cost ($24,806 savings)
- You prefer John Deere's dealer network and parts availability
How do 242D3 and 332E prices compare by year?
| Year | Caterpillar 242D3 | John Deere 332E |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2016 | — | $14,698 (2) |
| 2015 | — | $22,613 (2) |
| 2014 | — | $28,349 (4) |
| 2013 | — | $14,488 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and 332E prices compare by hours?
| Hours | Caterpillar 242D3 | John Deere 332E |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | $28,349 (4) |
| 2,000-2,999 hrs | $25,806 (2) | — |
| 4,000+ hrs | — | $18,655 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or 332E in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →More Comparisons
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