Caterpillar 246D vs Mustang TL25: Which Is the Better Value?
The Caterpillar 246D averages $26,085 CAD at auction, compared to $27,822 for the Mustang TL25. That's a $1,737 difference. Based on 36 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $1,737 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
Caterpillar 246D
SSL$26,085 CAD avg
$13,661
Low
$38,709
High
30
Sales
Avg 5,024 hours · 2014–2019 model years
Full price guide →Mustang TL25
CTL$27,822 CAD avg
$21,831
Low
$37,191
High
6
Sales
Avg 2,704 hours · 2004–2005 model years
Full price guide →What are the key differences between 246D and TL25?
- Price: The 246D is $1,737 cheaper on average (6% savings).
- Track Type: 246D is a wheeled skid steer (SSL) while TL25 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 246Ds average 5,024 hours while TL25s average 2,704 hours.
Both Caterpillar and Mustang retain value well. See our depreciation guide for brand rankings.
Looking for a 246D or TL25? Check current listings with Deal Scores.
Which is the better value: 246D or TL25?
Choose the Caterpillar 246D if:
- You want lower upfront cost ($1,737 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Mustang TL25 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Mustang's dealer network and parts availability
How do 246D and TL25 prices compare by year?
| Year | Caterpillar 246D | Mustang TL25 |
|---|---|---|
| 2019 | $26,817 (4) | — |
| 2018 | $25,143 (6) | — |
| 2017 | $29,262 (2) | — |
| 2016 | $18,027 (4) | — |
| 2015 | $24,088 (6) | — |
| 2014 | $25,777 (4) | — |
| 2005 | — | $21,921 (2) |
| 2004 | — | $30,772 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 246D and TL25 prices compare by hours?
| Hours | Caterpillar 246D | Mustang TL25 |
|---|---|---|
| 0-999 hrs | — | $21,921 (2) |
| 1,000-1,999 hrs | $28,287 (3) | — |
| 2,000-2,999 hrs | $29,667 (3) | $24,569 (2) |
| 3,000-3,999 hrs | $28,910 (6) | — |
| 4,000+ hrs | $24,179 (18) | $36,976 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 246D or TL25 in Canada?
Caterpillar 246D
2017 Caterpillar 246D
3,034 hrs · Edmonton
$39,500 CAD
2018 Caterpillar 246D
2,886 hrs · Surrey
$48,900 CAD
2017 Caterpillar 246D
3,068 hrs · Edmonton
$41,900 CAD
2015 Caterpillar 246D
N/A hrs · Penticton
$41,500 CAD
Mustang TL25
No active listings right now.
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