Caterpillar 247B vs Gehl 562: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $9,276 for the Gehl 562. That's a $12,058 difference. Based on 18 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 $12,058 less than the 247B.
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 →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 247B and 562?
- Price: The 562 is $12,058 cheaper on average (57% savings).
- Track Type: 247B is a compact track loader (CTL) while 562 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 562s average 2,774 hours.
Both Caterpillar and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or 562? Check current listings with Deal Scores.
Which is the better value: 247B or 562?
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 Gehl 562 if:
- You want lower upfront cost ($12,058 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Gehl's dealer network and parts availability
How do 247B and 562 prices compare by year?
| Year | Caterpillar 247B | Gehl 562 |
|---|---|---|
| 2007 | $24,222 (4) | — |
| 2006 | $20,675 (4) | — |
| 2005 | $16,881 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 247B and 562 prices compare by hours?
| Hours | Caterpillar 247B | Gehl 562 |
|---|---|---|
| 1,000-1,999 hrs | — | $7,405 (2) |
| 2,000-2,999 hrs | $24,225 (4) | $4,890 (2) |
| 3,000-3,999 hrs | $28,444 (2) | $12,405 (4) |
| 4,000+ hrs | $14,890 (4) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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