Caterpillar 242D3 vs New Holland L783: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $9,315 for the New Holland L783. That's a $37,190 difference. Based on 17 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L783 is the better value buy for most Canadian buyers, averaging $37,190 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 L783
SSL$9,315 CAD avg
$3,567
Low
$13,167
High
8
Sales
Avg 4,107 hours · 1990–1994 model years
Full price guide →What are the key differences between 242D3 and L783?
- Price: The L783 is $37,190 cheaper on average (80% savings).
- Usage: Used 242D3s average 1,362 hours while L783s average 4,107 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or L783? Check current listings with Deal Scores.
Which is the better value: 242D3 or L783?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L783 if:
- You want lower upfront cost ($37,190 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D3 and L783 prices compare by year?
| Year | Caterpillar 242D3 | New Holland L783 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 1994 | — | $9,124 (2) |
| 1993 | — | $3,783 (2) |
| 1990 | — | $12,959 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and L783 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland L783 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $9,124 (2) |
| 3,000-3,999 hrs | — | $12,959 (2) |
| 4,000+ hrs | — | $7,589 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or L783 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →New Holland L783
No active listings right now.
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