Caterpillar 248B vs Gehl 562: Which Is the Better Value?
The Caterpillar 248B averages $16,409 CAD at auction, compared to $9,276 for the Gehl 562. That's a $7,133 difference. Based on 24 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Gehl 562 is the better value buy for most Canadian buyers, averaging $7,133 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 →Gehl 562
SSL$9,276 CAD avg
$4,705
Low
$15,306
High
8
Sales
Avg 2,774 hours · None–None model years
Full price guide →What are the key differences between 248B and 562?
- Price: The 562 is $7,133 cheaper on average (43% savings).
- Usage: Used 248Bs average 4,803 hours while 562s average 2,774 hours.
Both Caterpillar and Gehl retain value well. See our depreciation guide for brand rankings.
Looking for a 248B or 562? Check current listings with Deal Scores.
Which is the better value: 248B or 562?
Choose the Caterpillar 248B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Gehl 562 if:
- You want lower upfront cost ($7,133 savings)
- You prefer Gehl's dealer network and parts availability
How do 248B and 562 prices compare by year?
| Year | Caterpillar 248B | Gehl 562 |
|---|---|---|
| 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 562 prices compare by hours?
| Hours | Caterpillar 248B | Gehl 562 |
|---|---|---|
| 0-999 hrs | $22,270 (4) | — |
| 1,000-1,999 hrs | — | $7,405 (2) |
| 2,000-2,999 hrs | $18,337 (2) | $4,890 (2) |
| 3,000-3,999 hrs | $14,322 (4) | $12,405 (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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