Caterpillar 242D3 vs New Holland L218: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $18,992 for the New Holland L218. That's a $27,513 difference. Based on 17 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L218 is the better value buy for most Canadian buyers, averaging $27,513 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 L218
SSL$18,992 CAD avg
$9,715
Low
$36,332
High
8
Sales
Avg 3,003 hours · 2011–2012 model years
Full price guide →How do 242D3 and L218 specs compare?
| Spec | Caterpillar 242D3 | New Holland L218 |
|---|---|---|
| Horsepower | — | 60 hp |
| Rated Operating Capacity | — | 1,800 lbs |
| Operating Weight | — | 6,160 lbs |
| Lift Type | — | radial |
| Frame Size | — | small |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and L218?
- Price: The L218 is $27,513 cheaper on average (59% savings).
- Usage: Used 242D3s average 1,362 hours while L218s average 3,003 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or L218? Check current listings with Deal Scores.
Which is the better value: 242D3 or L218?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L218 if:
- You want lower upfront cost ($27,513 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D3 and L218 prices compare by year?
| Year | Caterpillar 242D3 | New Holland L218 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2012 | — | $13,321 (4) |
| 2011 | — | $24,663 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and L218 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland L218 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $24,663 (4) |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | — |
| 3,000-3,999 hrs | — | $16,202 (2) |
| 4,000+ hrs | — | $10,441 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or L218 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →More Comparisons
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