Caterpillar 247B vs New Holland L228: Which Is the Better Value?
The Caterpillar 247B averages $21,335 CAD at auction, compared to $24,977 for the New Holland L228. That's a $3,641 difference. Based on 24 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $3,641 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 L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 model years
Full price guide →How do 247B and L228 specs compare?
| Spec | Caterpillar 247B | New Holland L228 |
|---|---|---|
| Horsepower | — | 74 hp |
| Rated Operating Capacity | — | 2,400 lbs |
| Operating Weight | — | 7,560 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 247B and L228?
- Price: The 247B is $3,641 cheaper on average (15% savings).
- Track Type: 247B is a compact track loader (CTL) while L228 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 L228s average 2,064 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 247B or L228? Check current listings with Deal Scores.
Which is the better value: 247B or L228?
Choose the Caterpillar 247B if:
- You want lower upfront cost ($3,641 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do 247B and L228 prices compare by year?
| Year | Caterpillar 247B | New Holland L228 |
|---|---|---|
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (2) |
| 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 L228 prices compare by hours?
| Hours | Caterpillar 247B | New Holland L228 |
|---|---|---|
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | $24,225 (4) | $19,998 (4) |
| 3,000-3,999 hrs | $28,444 (2) | $14,846 (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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