Caterpillar 242D3 vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $2,966 difference. Based on 35 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $2,966 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 TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 242D3 and TL12V2 specs compare?
| Spec | Caterpillar 242D3 | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and TL12V2?
- Price: The 242D3 is $2,966 cheaper on average (6% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while TL12V2 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 TL12V2s average 2,220 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or TL12V2? Check current listings with Deal Scores.
Which is the better value: 242D3 or TL12V2?
Choose the Caterpillar 242D3 if:
- You want lower upfront cost ($2,966 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242D3 and TL12V2 prices compare by year?
| Year | Caterpillar 242D3 | Takeuchi TL12V2 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | $40,750 (8) |
| 2020 | $42,756 (4) | — |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | — | $54,962 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and TL12V2 prices compare by hours?
| Hours | Caterpillar 242D3 | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $78,440 (4) |
| 1,000-1,999 hrs | $52,417 (4) | $43,156 (6) |
| 2,000-2,999 hrs | $25,806 (2) | $57,260 (8) |
| 3,000-3,999 hrs | — | $31,189 (4) |
| 4,000+ hrs | — | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or TL12V2 in Canada?
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 242D3
We'll send you current pricing and available units. No spam.
Get a Price Quote on Takeuchi TL12V2
We'll send you current pricing and available units. No spam.