Caterpillar 242D3 vs New Holland L220: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $21,360 for the New Holland L220. That's a $25,145 difference. Based on 19 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L220 is the better value buy for most Canadian buyers, averaging $25,145 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 L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do 242D3 and L220 specs compare?
| Spec | Caterpillar 242D3 | New Holland L220 |
|---|---|---|
| Horsepower | — | 68 hp |
| Rated Operating Capacity | — | 2,000 lbs |
| Operating Weight | — | 6,650 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and L220?
- Price: The L220 is $25,145 cheaper on average (54% savings).
- Usage: Used 242D3s average 1,362 hours while L220s average 2,797 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or L220? Check current listings with Deal Scores.
Which is the better value: 242D3 or L220?
Choose the Caterpillar 242D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L220 if:
- You want lower upfront cost ($25,145 savings)
- You prefer New Holland's dealer network and parts availability
How do 242D3 and L220 prices compare by year?
| Year | Caterpillar 242D3 | New Holland L220 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2015 | — | $27,111 (2) |
| 2013 | — | $15,136 (2) |
| 2012 | — | $21,518 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and L220 prices compare by hours?
| Hours | Caterpillar 242D3 | New Holland L220 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $28,861 (2) |
| 1,000-1,999 hrs | $52,417 (4) | $26,652 (2) |
| 2,000-2,999 hrs | $25,806 (2) | $27,111 (2) |
| 4,000+ hrs | — | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or L220 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →More Comparisons
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