Caterpillar 248B vs New Holland L228: Which Is the Better Value?
The Caterpillar 248B averages $16,409 CAD at auction, compared to $24,977 for the New Holland L228. That's a $8,567 difference. Based on 30 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 $8,567 less than the L228.
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 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 248B and L228 specs compare?
| Spec | Caterpillar 248B | 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 248B and L228?
- Price: The 248B is $8,567 cheaper on average (34% savings).
- Usage: Used 248Bs average 4,803 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 248B or L228? Check current listings with Deal Scores.
Which is the better value: 248B or L228?
Choose the Caterpillar 248B if:
- You want lower upfront cost ($8,567 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You prefer New Holland's dealer network and parts availability
How do 248B and L228 prices compare by year?
| Year | Caterpillar 248B | New Holland L228 |
|---|---|---|
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (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 L228 prices compare by hours?
| Hours | Caterpillar 248B | New Holland L228 |
|---|---|---|
| 0-999 hrs | $22,270 (4) | — |
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | $18,337 (2) | $19,998 (4) |
| 3,000-3,999 hrs | $14,322 (4) | $14,846 (2) |
| 4,000+ hrs | $13,251 (6) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 248B
We'll send you current pricing and available units. No spam.
Get a Price Quote on New Holland L228
We'll send you current pricing and available units. No spam.