Caterpillar 242D3 vs Takeuchi TL12V: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $44,163 for the Takeuchi TL12V. That's a $2,343 difference. Based on 23 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $2,343 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
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 →Takeuchi TL12V
CTL$44,163 CAD avg
$13,799
Low
$86,526
High
14
Sales
Avg 2,580 hours · 2016–2022 model years
Full price guide →What are the key differences between 242D3 and TL12V?
- Price: The TL12V is $2,343 cheaper on average (5% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while TL12V is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 242D3s average 1,362 hours while TL12Vs average 2,580 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or TL12V? Check current listings with Deal Scores.
Which is the better value: 242D3 or TL12V?
Choose the Caterpillar 242D3 if:
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V if:
- You want lower upfront cost ($2,343 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242D3 and TL12V prices compare by year?
| Year | Caterpillar 242D3 | Takeuchi TL12V |
|---|---|---|
| 2022 | $11,040 (1) | $21,045 (2) |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | $30,654 (4) |
| 2019 | — | $60,665 (4) |
| 2018 | — | $40,568 (2) |
| 2016 | — | $64,888 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and TL12V prices compare by hours?
| Hours | Caterpillar 242D3 | Takeuchi TL12V |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $75,890 (2) |
| 1,000-1,999 hrs | $52,417 (4) | $13,799 (1) |
| 2,000-2,999 hrs | $25,806 (2) | $50,298 (6) |
| 3,000-3,999 hrs | — | $37,652 (3) |
| 4,000+ hrs | — | $18,975 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or TL12V in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Takeuchi TL12V
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