Caterpillar 242D3 vs Takeuchi TL240: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $23,877 for the Takeuchi TL240. That's a $22,629 difference. Based on 35 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Takeuchi TL240 is the better value buy for most Canadian buyers, averaging $22,629 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 →Takeuchi TL240
CTL$23,877 CAD avg
$7,937
Low
$45,540
High
26
Sales
Avg 3,982 hours · 2008–2012 model years
Full price guide →What are the key differences between 242D3 and TL240?
- Price: The TL240 is $22,629 cheaper on average (49% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while TL240 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 TL240s average 3,982 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or TL240? Check current listings with Deal Scores.
Which is the better value: 242D3 or TL240?
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 TL240 if:
- You want lower upfront cost ($22,629 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242D3 and TL240 prices compare by year?
| Year | Caterpillar 242D3 | Takeuchi TL240 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | — |
| 2012 | — | $24,635 (8) |
| 2011 | — | $33,857 (4) |
| 2010 | — | $21,417 (6) |
| 2008 | — | $19,973 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and TL240 prices compare by hours?
| Hours | Caterpillar 242D3 | Takeuchi TL240 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | — |
| 1,000-1,999 hrs | $52,417 (4) | — |
| 2,000-2,999 hrs | $25,806 (2) | $32,173 (8) |
| 3,000-3,999 hrs | — | $23,874 (8) |
| 4,000+ hrs | — | $17,242 (10) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or TL240 in Canada?
Caterpillar 242D3
2023 Caterpillar 242D3
2,128 hrs · Edmonton
$59,000 CAD
2023 Caterpillar 242D3
201 hrs · Regina
$72,000 CAD
Takeuchi TL240
No active listings right now.
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