Caterpillar 248B vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 248B averages $16,409 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $7,334 difference. Based on 22 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 345B is the better value buy for most Canadian buyers, averaging $7,334 less than the 248B.
Caterpillar 248B
SSL$16,409 CAD avg
$7,286
Low
$28,841
High
16
Sales
Avg 4,803 hours · 2004–2007 model years
Full price guide →Caterpillar 345B
SSL$9,075 CAD avg
$4,705
Low
$12,295
High
6
Sales
Avg 48 hours · 2015–2015 model years
Full price guide →What are the key differences between 248B and 345B?
- Price: The 345B is $7,334 cheaper on average (45% savings).
- Usage: Used 248Bs average 4,803 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 248B or 345B? Check current listings with Deal Scores.
Which is the better value: 248B or 345B?
Choose the Caterpillar 248B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($7,334 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 248B and 345B prices compare by year?
| Year | Caterpillar 248B | Caterpillar 345B |
|---|---|---|
| 2015 | — | $8,480 (4) |
| 2007 | $18,337 (2) | — |
| 2006 | $13,251 (6) | — |
| 2005 | $17,812 (6) | — |
| 2004 | $19,747 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 248B and 345B prices compare by hours?
| Hours | Caterpillar 248B | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $22,270 (4) | $4,836 (2) |
| 2,000-2,999 hrs | $18,337 (2) | — |
| 3,000-3,999 hrs | $14,322 (4) | — |
| 4,000+ hrs | $13,251 (6) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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