Caterpillar 287B vs Caterpillar 345B: Which Is the Better Value?
The Caterpillar 287B averages $27,750 CAD at auction, compared to $9,075 for the Caterpillar 345B. That's a $18,675 difference. Based on 40 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 $18,675 less than the 287B.
Caterpillar 287B
CTL$27,750 CAD avg
$13,358
Low
$51,476
High
34
Sales
Avg 3,014 hours · 2004–2007 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 287B and 345B?
- Price: The 345B is $18,675 cheaper on average (67% savings).
- Track Type: 287B is a compact track loader (CTL) while 345B is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 287Bs average 3,014 hours while 345Bs average 48 hours.
Both Caterpillar and Caterpillar retain value well. See our depreciation guide for brand rankings.
Looking for a 287B or 345B? Check current listings with Deal Scores.
Which is the better value: 287B or 345B?
Choose the Caterpillar 287B if:
- You work on soft ground, mud, or uneven terrain
- You prefer Caterpillar's dealer network and parts availability
Choose the Caterpillar 345B if:
- You want lower upfront cost ($18,675 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
How do 287B and 345B prices compare by year?
| Year | Caterpillar 287B | Caterpillar 345B |
|---|---|---|
| 2015 | — | $8,480 (4) |
| 2007 | $19,348 (8) | — |
| 2006 | $33,743 (12) | — |
| 2005 | $25,557 (12) | — |
| 2004 | $38,560 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 287B and 345B prices compare by hours?
| Hours | Caterpillar 287B | Caterpillar 345B |
|---|---|---|
| 0-999 hrs | $37,198 (6) | $4,836 (2) |
| 2,000-2,999 hrs | $34,364 (6) | — |
| 3,000-3,999 hrs | $32,614 (6) | — |
| 4,000+ hrs | $19,728 (8) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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