Caterpillar 246B vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 246B averages $20,827 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $11,752 difference. Based on 22 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $11,752 less than the 246B.
Caterpillar 246B
SSL$20,827 CAD avg
$14,724
Low
$29,891
High
16
Sales
Avg 3,676 hours · 2004–2007 model years
Full price guide →Caterpillar 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between 246B and 345B?
- Price: The 345B is $11,752 cheaper on average (56% savings).
- Usage: Used 246Bs average 3,676 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 246B or 345B? Check current listings with Deal Scores.
Which is the better value: 246B or 345B?
Choose the Caterpillar 246B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($11,752 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 246B and 345B prices compare by year?
| Year | Caterpillar 246B | Caterpillar 345B |
|---|---|---|
| 2015 | — | $8,480 (4) |
| 2007 | $20,147 (2) | — |
| 2005 | $19,591 (10) | — |
| 2004 | $24,258 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 246B and 345B prices compare by hours?
| Hours | Caterpillar 246B | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $28,987 (2) | $4,836 (2) |
| 1,000-1,999 hrs | $26,128 (2) | — |
| 3,000-3,999 hrs | $17,992 (2) | — |
| 4,000+ hrs | $18,332 (6) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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