Caterpillar 262B vs New Holland L228: Which Is the Better Value?
The Caterpillar 262B averages $18,443 CAD at auction, compared to $24,977 for the New Holland L228. That's a $6,533 difference. Based on 34 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262B is the better value buy for most Canadian buyers, averaging $6,533 less than the L228.
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 →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 262B and L228 specs compare?
| Spec | Caterpillar 262B | 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 262B and L228?
- Price: The 262B is $6,533 cheaper on average (26% savings).
- Usage: Used 262Bs average 4,186 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 262B or L228? Check current listings with Deal Scores.
Which is the better value: 262B or L228?
Choose the Caterpillar 262B if:
- You want lower upfront cost ($6,533 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 262B and L228 prices compare by year?
| Year | Caterpillar 262B | New Holland L228 |
|---|---|---|
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (2) |
| 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 L228 prices compare by hours?
| Hours | Caterpillar 262B | New Holland L228 |
|---|---|---|
| 0-999 hrs | $22,441 (2) | — |
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | $19,614 (2) | $19,998 (4) |
| 3,000-3,999 hrs | $19,357 (2) | $14,846 (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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