Caterpillar 247B vs New Holland L230: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $30,681 for the New Holland L230. That's a $9,345 difference. Based on 38 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 247B is the better value buy for most Canadian buyers, averaging $9,345 less than the L230.
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 L230
SSL$30,681 CAD avg
$12,902
Low
$64,841
High
28
Sales
Avg 1,509 hours · 2012–2017 model years
Full price guide →What are the key differences between 247B and L230?
- Price: The 247B is $9,345 cheaper on average (30% savings).
- Track Type: 247B is a compact track loader (CTL) while L230 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 L230s average 1,509 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or L230? Check current listings with Deal Scores.
Which is the better value: 247B or L230?
Choose the Caterpillar 247B if:
- You want lower upfront cost ($9,345 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L230 if:
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do 247B and L230 prices compare by year?
| Year | Caterpillar 247B | New Holland L230 |
|---|---|---|
| 2017 | — | $62,780 (2) |
| 2015 | — | $32,746 (4) |
| 2014 | — | $42,502 (2) |
| 2013 | — | $23,664 (4) |
| 2012 | — | $26,128 (14) |
| 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 L230 prices compare by hours?
| Hours | Caterpillar 247B | New Holland L230 |
|---|---|---|
| 0-999 hrs | — | $43,282 (6) |
| 1,000-1,999 hrs | — | $31,068 (10) |
| 2,000-2,999 hrs | $24,225 (4) | $31,179 (4) |
| 3,000-3,999 hrs | $28,444 (2) | $28,108 (2) |
| 4,000+ hrs | $14,890 (4) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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