Caterpillar 248B vs New Holland L783: Which Is the Better Value?
The Caterpillar 248B averages $16,409 CAD at auction, compared to $9,315 for the New Holland L783. That's a $7,094 difference. Based on 24 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 $7,094 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 →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 248B and L783?
- Price: The L783 is $7,094 cheaper on average (43% savings).
- Usage: Used 248Bs average 4,803 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 248B or L783? Check current listings with Deal Scores.
Which is the better value: 248B or L783?
Choose the Caterpillar 248B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L783 if:
- You want lower upfront cost ($7,094 savings)
- You prefer New Holland's dealer network and parts availability
How do 248B and L783 prices compare by year?
| Year | Caterpillar 248B | New Holland L783 |
|---|---|---|
| 2007 | $18,337 (2) | — |
| 2006 | $13,251 (6) | — |
| 2005 | $17,812 (6) | — |
| 2004 | $19,747 (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 248B and L783 prices compare by hours?
| Hours | Caterpillar 248B | New Holland L783 |
|---|---|---|
| 0-999 hrs | $22,270 (4) | — |
| 2,000-2,999 hrs | $18,337 (2) | $9,124 (2) |
| 3,000-3,999 hrs | $14,322 (4) | $12,959 (2) |
| 4,000+ hrs | $13,251 (6) | $7,589 (4) |
Hours matter more than age for resale value. See our hours vs age analysis.
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