Caterpillar 262D3 vs New Holland L228: Which Is the Better Value?
The Caterpillar 262D3 averages $34,933 CAD at auction, compared to $24,977 for the New Holland L228. That's a $9,956 difference. Based on 30 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L228 is the better value buy for most Canadian buyers, averaging $9,956 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 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 262D3 and L228 specs compare?
| Spec | Caterpillar 262D3 | 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 262D3 and L228?
- Price: The L228 is $9,956 cheaper on average (28% savings).
- Usage: Used 262D3s average 3,424 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 262D3 or L228? Check current listings with Deal Scores.
Which is the better value: 262D3 or L228?
Choose the Caterpillar 262D3 if:
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You want lower upfront cost ($9,956 savings)
- You prefer New Holland's dealer network and parts availability
How do 262D3 and L228 prices compare by year?
| Year | Caterpillar 262D3 | New Holland L228 |
|---|---|---|
| 2024 | $22,080 (1) | — |
| 2023 | $40,026 (2) | — |
| 2022 | $34,500 (1) | — |
| 2021 | $36,845 (6) | — |
| 2020 | $33,538 (6) | — |
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | — | $41,627 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262D3 and L228 prices compare by hours?
| Hours | Caterpillar 262D3 | New Holland L228 |
|---|---|---|
| 0-999 hrs | $22,080 (1) | — |
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | $42,560 (6) | $19,998 (4) |
| 3,000-3,999 hrs | $30,387 (2) | $14,846 (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 L228 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
New Holland L228
No active listings right now.
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