Caterpillar 262D vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 262D averages $27,304 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $18,228 difference. Based on 97 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 $18,228 less than the 262D.
Caterpillar 262D
SSL$27,304 CAD avg
$11,233
Low
$53,070
High
91
Sales
Avg 3,845 hours · 2013–2019 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 262D and 345B?
- Price: The 345B is $18,228 cheaper on average (67% savings).
- Usage: Used 262Ds average 3,845 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 262D or 345B? Check current listings with Deal Scores.
Which is the better value: 262D or 345B?
Choose the Caterpillar 262D if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($18,228 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 262D and 345B prices compare by year?
| Year | Caterpillar 262D | Caterpillar 345B |
|---|---|---|
| 2019 | $23,439 (4) | — |
| 2018 | $26,302 (14) | — |
| 2017 | $24,194 (16) | — |
| 2016 | $31,259 (12) | — |
| 2015 | $31,425 (17) | $8,480 (4) |
| 2014 | $23,830 (22) | — |
| 2013 | $42,801 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262D and 345B prices compare by hours?
| Hours | Caterpillar 262D | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $47,156 (4) | $4,836 (2) |
| 1,000-1,999 hrs | $34,947 (14) | — |
| 2,000-2,999 hrs | $29,670 (18) | — |
| 3,000-3,999 hrs | $24,712 (11) | — |
| 4,000+ hrs | $22,850 (38) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 262D or 345B in Canada?
Caterpillar 262D
2019 Caterpillar 262D
3,000 hrs · Calgary
$45,000 CAD
2015 Caterpillar 262D
3,166 hrs · Kingston
$39,900 CAD
2016 Caterpillar 262D
4,133 hrs · Caledonia
$46,900 CAD
2018 Caterpillar 262D
4,869 hrs · Surrey
$33,100 CAD
Caterpillar 345B
No active listings right now.
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