Caterpillar 246B vs Gehl 562: Which Is the Better Value?
The Caterpillar 246B averages $20,827 CAD at auction, compared to $9,276 for the Gehl 562. That's a $11,551 difference. Based on 24 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Gehl 562 is the better value buy for most Canadian buyers, averaging $11,551 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 →Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →What are the key differences between 246B and 562?
- Price: The 562 is $11,551 cheaper on average (55% savings).
- Usage: Used 246Bs average 3,676 hours while 562s average 2,774 hours.
Both Caterpillar and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a 246B or 562? Check current listings with Deal Scores.
Which is the better value: 246B or 562?
Choose the Caterpillar 246B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Gehl 562 if:
- You want lower upfront cost ($11,551 savings)
- You prefer Gehl's dealer network and parts availability
How do 246B and 562 prices compare by year?
| Year | Caterpillar 246B | Gehl 562 |
|---|---|---|
| 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 562 prices compare by hours?
| Hours | Caterpillar 246B | Gehl 562 |
|---|---|---|
| 0-999 hrs | $28,987 (2) | — |
| 1,000-1,999 hrs | $26,128 (2) | $7,405 (2) |
| 2,000-2,999 hrs | — | $4,890 (2) |
| 3,000-3,999 hrs | $17,992 (2) | $12,405 (4) |
| 4,000+ hrs | $18,332 (6) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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