Caterpillar 242D3 vs New Holland L228: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $24,977 for the New Holland L228. That's a $21,529 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L228 is the better value buy for most Canadian buyers, averaging $21,529 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 L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do 242D3 and L228 specs compare?
| Spec | Caterpillar 242D3 | New Holland L228 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 2,400 lbs |
| Operating Weight | — | 7,560 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and L228?
- Price: The L228 is $21,529 cheaper on average (46% savings).
- Usage: Used 242D3s average 1,362 hours while L228s average 2,064 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or L228? Check current listings with Deal Scores.
Which is the better value: 242D3 or L228?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You want lower upfront cost ($21,529 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D3 and L228 prices compare by year?
| Year | Caterpillar 242D3 | New Holland L228 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and L228 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland L228 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | $33,937 (6) |
| 2,000-2,999 hrs | $25,806 (2) | $19,998 (4) |
| 3,000-3,999 hrs | — | $14,846 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or L228 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →New Holland L228
No active listings right now.
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