Caterpillar 242D3 vs New Holland C232: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $39,742 for the New Holland C232. That's a $6,764 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland C232 is the better value buy for most Canadian buyers, averaging $6,764 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 →New Holland C232
CTL$39,742 CAD avg
$17,457
Low
$60,253
High
14
Sales
Avg 1,841 hours · 2011–2017 model years
Full price guide →How do 242D3 and C232 specs compare?
| Spec | Caterpillar 242D3 | New Holland C232 |
|---|---|---|
| Horsepower | — | 84 hp |
| Rated Operating Capacity | — | 2,700 lbs |
| Operating Weight | — | 10,085 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and C232?
- Price: The C232 is $6,764 cheaper on average (15% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while C232 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 C232s average 1,841 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or C232? Check current listings with Deal Scores.
Which is the better value: 242D3 or C232?
Choose the Caterpillar 242D3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland C232 if:
- You want lower upfront cost ($6,764 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer New Holland's dealer network and parts availability
How do 242D3 and C232 prices compare by year?
| Year | Caterpillar 242D3 | New Holland C232 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2017 | — | $52,192 (4) |
| 2014 | — | $32,575 (2) |
| 2013 | — | $45,914 (4) |
| 2012 | — | $18,756 (2) |
| 2011 | — | $30,651 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and C232 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland C232 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | $45,372 (10) |
| 2,000-2,999 hrs | $25,806 (2) | — |
| 3,000-3,999 hrs | — | $32,575 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or C232 in Canada?
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