Caterpillar 242D3 vs Takeuchi TL8: Which Is the Better Value?
The Caterpillar 242D3 averages $46,506 CAD at auction, compared to $30,396 for the Takeuchi TL8. That's a $16,109 difference. Based on 56 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Takeuchi TL8 is the better value buy for most Canadian buyers, averaging $16,109 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 TL8
CTL$30,396 CAD avg
$10,152
Low
$63,755
High
47
Sales
Avg 2,340 hours · 2014–2020 model years
Full price guide →How do 242D3 and TL8 specs compare?
| Spec | Caterpillar 242D3 | Takeuchi TL8 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 1,900 lbs |
| Operating Weight | — | 8,532 lbs |
| Lift Type | — | radial |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 242D3 and TL8?
- Price: The TL8 is $16,109 cheaper on average (35% savings).
- Track Type: 242D3 is a wheeled skid steer (SSL) while TL8 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 TL8s average 2,340 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 242D3 or TL8? Check current listings with Deal Scores.
Which is the better value: 242D3 or TL8?
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 TL8 if:
- You want lower upfront cost ($16,109 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 242D3 and TL8 prices compare by year?
| Year | Caterpillar 242D3 | Takeuchi TL8 |
|---|---|---|
| 2022 | $11,040 (1) | — |
| 2021 | $59,122 (4) | — |
| 2020 | $42,756 (4) | $55,069 (2) |
| 2019 | — | $25,587 (6) |
| 2018 | — | $32,347 (9) |
| 2017 | — | $26,248 (4) |
| 2016 | — | $24,275 (4) |
| 2015 | — | $31,728 (18) |
| 2014 | — | $26,342 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 242D3 and TL8 prices compare by hours?
| Hours | Caterpillar 242D3 | Takeuchi TL8 |
|---|---|---|
| 0-999 hrs | $73,117 (2) | $55,069 (2) |
| 1,000-1,999 hrs | $52,417 (4) | $33,418 (15) |
| 2,000-2,999 hrs | $25,806 (2) | $27,670 (20) |
| 3,000-3,999 hrs | — | $27,505 (2) |
| 4,000+ hrs | — | $26,646 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 242D3 or TL8 in Canada?
Caterpillar 242D3
All Caterpillar 242D3 listings →Takeuchi TL8
No active listings right now.
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