Caterpillar 262D3 vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 262D3 averages $34,933 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $25,858 difference. Based on 22 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 $25,858 less than the 262D3.
Caterpillar 262D3
SSL$34,933 CAD avg
$13,799
Low
$48,700
High
16
Sales
Avg 3,424 hours · 2020–2024 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 262D3 and 345B?
- Price: The 345B is $25,858 cheaper on average (74% savings).
- Usage: Used 262D3s average 3,424 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 262D3 or 345B? Check current listings with Deal Scores.
Which is the better value: 262D3 or 345B?
Choose the Caterpillar 262D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($25,858 savings)
- You prefer Caterpillar's dealer network and parts availability
How do 262D3 and 345B prices compare by year?
| Year | Caterpillar 262D3 | Caterpillar 345B |
|---|---|---|
| 2024 | $22,080 (1) | — |
| 2023 | $40,026 (2) | — |
| 2022 | $34,500 (1) | — |
| 2021 | $36,845 (6) | — |
| 2020 | $33,538 (6) | — |
| 2015 | — | $8,480 (4) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262D3 and 345B prices compare by hours?
| Hours | Caterpillar 262D3 | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $22,080 (1) | $4,836 (2) |
| 2,000-2,999 hrs | $42,560 (6) | — |
| 3,000-3,999 hrs | $30,387 (2) | — |
| 4,000+ hrs | $31,531 (7) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 262D3 or 345B in Canada?
Caterpillar 262D3
2020 Caterpillar 262D3
1,243 hrs · Lacombe
$69,998 CAD
2023 Caterpillar 262D3
384 hrs · Castlegar
$74,998 CAD
2021 Caterpillar 262D3
72 hrs · Brandon
$53,750 CAD
2023 Caterpillar 262D3
494 hrs · Prince George
$82,500 CAD
Caterpillar 345B
No active listings right now.
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