Caterpillar 247B vs New Holland L783: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $9,315 for the New Holland L783. That's a $12,019 difference. Based on 18 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L783 is the better value buy for most Canadian buyers, averaging $12,019 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 →New Holland L783
SSL$9,315 CAD avg
$3,567
Low
$13,167
High
8
Sales
Avg 4,107 hours · 1990–1994 model years
Full price guide →What are the key differences between 247B and L783?
- Price: The L783 is $12,019 cheaper on average (56% savings).
- Track Type: 247B is a compact track loader (CTL) while L783 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 L783s average 4,107 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or L783? Check current listings with Deal Scores.
Which is the better value: 247B or L783?
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 New Holland L783 if:
- You want lower upfront cost ($12,019 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do 247B and L783 prices compare by year?
| Year | Caterpillar 247B | New Holland L783 |
|---|---|---|
| 2007 | $24,222 (4) | — |
| 2006 | $20,675 (4) | — |
| 2005 | $16,881 (2) | — |
| 1994 | — | $9,124 (2) |
| 1993 | — | $3,783 (2) |
| 1990 | — | $12,959 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 247B and L783 prices compare by hours?
| Hours | Caterpillar 247B | New Holland L783 |
|---|---|---|
| 2,000-2,999 hrs | $24,225 (4) | $9,124 (2) |
| 3,000-3,999 hrs | $28,444 (2) | $12,959 (2) |
| 4,000+ hrs | $14,890 (4) | $7,589 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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