Caterpillar 248B vs New Holland C245: Which Is the Better Value?
The Caterpillar 248B averages $16,409 CAD at auction, compared to $73,780 for the New Holland C245. That's a $57,370 difference. Based on 22 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 248B is the better value buy for most Canadian buyers, averaging $57,370 less than the C245.
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 C245
CTL$73,780 CAD avg
$59,960
Low
$98,042
High
6
Sales
Avg 1,061 hours · 2018–2019 model years
Full price guide →How do 248B and C245 specs compare?
| Spec | Caterpillar 248B | New Holland C245 |
|---|---|---|
| Horsepower | — | 90 hp |
| Rated Operating Capacity | — | 4,500 lbs |
| Operating Weight | — | 12,920 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 248B and C245?
- Price: The 248B is $57,370 cheaper on average (78% savings).
- Track Type: 248B is a wheeled skid steer (SSL) while C245 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 248Bs average 4,803 hours while C245s average 1,061 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 248B or C245? Check current listings with Deal Scores.
Which is the better value: 248B or C245?
Choose the Caterpillar 248B if:
- You want lower upfront cost ($57,370 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland C245 if:
- You work on soft ground, mud, or uneven terrain
- You prefer New Holland's dealer network and parts availability
How do 248B and C245 prices compare by year?
| Year | Caterpillar 248B | New Holland C245 |
|---|---|---|
| 2019 | — | $93,043 (2) |
| 2018 | — | $64,742 (2) |
| 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 C245 prices compare by hours?
| Hours | Caterpillar 248B | New Holland C245 |
|---|---|---|
| 0-999 hrs | $22,270 (4) | $93,043 (2) |
| 1,000-1,999 hrs | — | $64,149 (4) |
| 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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