Caterpillar 262D3 vs New Holland L220: Which Is the Better Value?
The Caterpillar 262D3 averages $34,933 CAD at auction, compared to $21,360 for the New Holland L220. That's a $13,572 difference. Based on 26 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L220 is the better value buy for most Canadian buyers, averaging $13,572 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 →New Holland L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do 262D3 and L220 specs compare?
| Spec | Caterpillar 262D3 | New Holland L220 |
|---|---|---|
| Horsepower | — | 68 hp |
| Rated Operating Capacity | — | 2,000 lbs |
| Operating Weight | — | 6,650 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 262D3 and L220?
- Price: The L220 is $13,572 cheaper on average (39% savings).
- Usage: Used 262D3s average 3,424 hours while L220s average 2,797 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 262D3 or L220? Check current listings with Deal Scores.
Which is the better value: 262D3 or L220?
Choose the Caterpillar 262D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L220 if:
- You want lower upfront cost ($13,572 savings)
- You prefer New Holland's dealer network and parts availability
How do 262D3 and L220 prices compare by year?
| Year | Caterpillar 262D3 | New Holland L220 |
|---|---|---|
| 2024 | $22,080 (1) | — |
| 2023 | $40,026 (2) | — |
| 2022 | $34,500 (1) | — |
| 2021 | $36,845 (6) | — |
| 2020 | $33,538 (6) | — |
| 2015 | — | $27,111 (2) |
| 2013 | — | $15,136 (2) |
| 2012 | — | $21,518 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262D3 and L220 prices compare by hours?
| Hours | Caterpillar 262D3 | New Holland L220 |
|---|---|---|
| 0-999 hrs | $22,080 (1) | $28,861 (2) |
| 1,000-1,999 hrs | — | $26,652 (2) |
| 2,000-2,999 hrs | $42,560 (6) | $27,111 (2) |
| 3,000-3,999 hrs | $30,387 (2) | — |
| 4,000+ hrs | $31,531 (7) | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 262D3 or L220 in Canada?
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