Caterpillar 247B vs Caterpillar 262B: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $18,443 for the Caterpillar 262B. That's a $2,891 difference. Based on 30 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $2,891 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
Caterpillar 247B
CTL$21,335 CAD avg
$12,447
Low
$36,176
High
10
Sales
Avg 3,652 hours · 2005–2007 model years
Full price guide →Caterpillar 262B
SSL$18,443 CAD avg
$11,840
Low
$26,564
High
20
Sales
Avg 4,186 hours · 2004–2007 model years
Full price guide →What are the key differences between 247B and 262B?
- Price: The 262B is $2,891 cheaper on average (14% savings).
- Track Type: 247B is a compact track loader (CTL) while 262B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 247Bs average 3,652 hours while 262Bs average 4,186 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or 262B? Check current listings with Deal Scores.
Which is the better value: 247B or 262B?
Choose the Caterpillar 247B if:
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 262B if:
- You want lower upfront cost ($2,891 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do 247B and 262B prices compare by year?
| Year | Caterpillar 247B | Caterpillar 262B |
|---|---|---|
| 2007 | $24,222 (4) | $19,357 (2) |
| 2006 | $20,675 (4) | $16,135 (10) |
| 2005 | $16,881 (2) | $21,753 (6) |
| 2004 | — | $19,143 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 247B and 262B prices compare by hours?
| Hours | Caterpillar 247B | Caterpillar 262B |
|---|---|---|
| 0-999 hrs | — | $22,441 (2) |
| 2,000-2,999 hrs | $24,225 (4) | $19,614 (2) |
| 3,000-3,999 hrs | $28,444 (2) | $19,357 (2) |
| 4,000+ hrs | $14,890 (4) | $16,410 (8) |
Hours matter more than age for resale value. See our hours vs age analysis.
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