Caterpillar 242D3 vs New Holland L555: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $6,587 for the New Holland L555. That's a $39,919 difference. Based on 21 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L555 is the better value buy for most Canadian buyers, averaging $39,919 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 L555
SSL$6,587 CAD avg
$3,263
Low
$13,953
High
12
Sales
Avg 3,597 hours · 1990–1991 model years
Full price guide →What are the key differences between 242D3 and L555?
- Price: The L555 is $39,919 cheaper on average (86% savings).
- Usage: Used 242D3s average 1,362 hours while L555s average 3,597 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or L555? Check current listings with Deal Scores.
Which is the better value: 242D3 or L555?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L555 if:
- You want lower upfront cost ($39,919 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D3 and L555 prices compare by year?
| Year | Caterpillar 242D3 | New Holland L555 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 1991 | — | $5,767 (2) |
| 1990 | — | $6,957 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and L555 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland L555 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $5,154 (4) |
| 3,000-3,999 hrs | — | $3,728 (2) |
| 4,000+ hrs | — | $8,494 (6) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or L555 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →New Holland L555
No active listings right now.
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