Caterpillar 262D3 vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 262D3 averages $34,933 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $14,539 difference. Based on 42 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Caterpillar 262D3 is the better value buy for most Canadian buyers, averaging $14,539 less than the TL12V2.
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 →Takeuchi TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 262D3 and TL12V2 specs compare?
| Spec | Caterpillar 262D3 | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 262D3 and TL12V2?
- Price: The 262D3 is $14,539 cheaper on average (29% savings).
- Track Type: 262D3 is a wheeled skid steer (SSL) while TL12V2 is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 262D3s average 3,424 hours while TL12V2s average 2,220 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 262D3 or TL12V2? Check current listings with Deal Scores.
Which is the better value: 262D3 or TL12V2?
Choose the Caterpillar 262D3 if:
- You want lower upfront cost ($14,539 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 262D3 and TL12V2 prices compare by year?
| Year | Caterpillar 262D3 | Takeuchi TL12V2 |
|---|---|---|
| 2024 | $22,080 (1) | — |
| 2023 | $40,026 (2) | — |
| 2022 | $34,500 (1) | — |
| 2021 | $36,845 (6) | $40,750 (8) |
| 2020 | $33,538 (6) | — |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | — | $54,962 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 262D3 and TL12V2 prices compare by hours?
| Hours | Caterpillar 262D3 | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | $22,080 (1) | $78,440 (4) |
| 1,000-1,999 hrs | — | $43,156 (6) |
| 2,000-2,999 hrs | $42,560 (6) | $57,260 (8) |
| 3,000-3,999 hrs | $30,387 (2) | $31,189 (4) |
| 4,000+ hrs | $31,531 (7) | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 262D3 or TL12V2 in Canada?
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