Caterpillar 246D vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 246D averages $26,085 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $23,387 difference. Based on 56 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 246D is the better value buy for most Canadian buyers, averaging $23,387 less than the TL12V2.
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 →Takeuchi TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 246D and TL12V2 specs compare?
| Spec | Caterpillar 246D | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 246D and TL12V2?
- Price: The 246D is $23,387 cheaper on average (47% savings).
- Track Type: 246D is a wheeled skid steer (SSL) while TL12V2 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 TL12V2s average 2,220 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 246D or TL12V2? Check current listings with Deal Scores.
Which is the better value: 246D or TL12V2?
Choose the Caterpillar 246D if:
- You want lower upfront cost ($23,387 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 246D and TL12V2 prices compare by year?
| Year | Caterpillar 246D | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | $26,817 (4) | $59,964 (4) |
| 2018 | $25,143 (6) | $55,312 (2) |
| 2017 | $29,262 (2) | — |
| 2016 | $18,027 (4) | $54,962 (8) |
| 2015 | $24,088 (6) | — |
| 2014 | $25,777 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 246D and TL12V2 prices compare by hours?
| Hours | Caterpillar 246D | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | — | $78,440 (4) |
| 1,000-1,999 hrs | $28,287 (3) | $43,156 (6) |
| 2,000-2,999 hrs | $29,667 (3) | $57,260 (8) |
| 3,000-3,999 hrs | $28,910 (6) | $31,189 (4) |
| 4,000+ hrs | $24,179 (18) | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 246D or TL12V2 in Canada?
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