Caterpillar 262B vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 262B averages $18,443 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $9,368 difference. Based on 26 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 $9,368 less than the 262B.
Caterpillar 262B
SSL$18,443 CAD avg
$11,840
Low
$26,564
High
20
Sales
Avg 4,186 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 262B and 345B?
- Price: The 345B is $9,368 cheaper on average (51% savings).
- Usage: Used 262Bs average 4,186 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 262B or 345B? Check current listings with Deal Scores.
Which is the better value: 262B or 345B?
Choose the Caterpillar 262B if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($9,368 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 262B and 345B prices compare by year?
| Year | Caterpillar 262B | Caterpillar 345B |
|---|---|---|
| 2015 | — | $8,480 (4) |
| 2007 | $19,357 (2) | — |
| 2006 | $16,135 (10) | — |
| 2005 | $21,753 (6) | — |
| 2004 | $19,143 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262B and 345B prices compare by hours?
| Hours | Caterpillar 262B | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $22,441 (2) | $4,836 (2) |
| 2,000-2,999 hrs | $19,614 (2) | — |
| 3,000-3,999 hrs | $19,357 (2) | — |
| 4,000+ hrs | $16,410 (8) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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