Caterpillar 247B vs New Holland L220: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $21,360 for the New Holland L220. Based on 20 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $25 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 →New Holland L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do 247B and L220 specs compare?
| Spec | Caterpillar 247B | New Holland L220 |
|---|---|---|
| Horsepower | — | 68 hp |
| Rated Operating Capacity | — | 2,000 lbs |
| Operating Weight | — | 6,650 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 247B and L220?
- Track Type: 247B is a compact track loader (CTL) while L220 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 L220s average 2,797 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or L220? Check current listings with Deal Scores.
Which is the better value: 247B or L220?
Choose the Caterpillar 247B if:
- You want lower upfront cost ($25 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L220 if:
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do 247B and L220 prices compare by year?
| Year | Caterpillar 247B | New Holland L220 |
|---|---|---|
| 2015 | — | $27,111 (2) |
| 2013 | — | $15,136 (2) |
| 2012 | — | $21,518 (6) |
| 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 L220 prices compare by hours?
| Hours | Caterpillar 247B | New Holland L220 |
|---|---|---|
| 0-999 hrs | — | $28,861 (2) |
| 1,000-1,999 hrs | — | $26,652 (2) |
| 2,000-2,999 hrs | $24,225 (4) | $27,111 (2) |
| 3,000-3,999 hrs | $28,444 (2) | — |
| 4,000+ hrs | $14,890 (4) | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 247B or L220 in Canada?
Caterpillar 247B
No active listings right now.
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