Caterpillar 345B vs New Holland L228: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $24,977 for the New Holland L228. That's a $15,901 difference. Based on 20 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 $15,901 less than the L228.
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 →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 345B and L228 specs compare?
| Spec | Caterpillar 345B | 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 345B and L228?
- Price: The 345B is $15,901 cheaper on average (64% savings).
- Usage: Used 345Bs average 48 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 345B or L228? Check current listings with Deal Scores.
Which is the better value: 345B or L228?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($15,901 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L228 if:
- You prefer New Holland's dealer network and parts availability
How do 345B and L228 prices compare by year?
| Year | Caterpillar 345B | New Holland L228 |
|---|---|---|
| 2019 | — | $26,965 (2) |
| 2018 | — | $19,998 (4) |
| 2016 | — | $22,083 (6) |
| 2015 | $8,480 (4) | $41,627 (2) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and L228 prices compare by hours?
| Hours | Caterpillar 345B | New Holland L228 |
|---|---|---|
| 0-999 hrs | $4,836 (2) | — |
| 1,000-1,999 hrs | — | $33,937 (6) |
| 2,000-2,999 hrs | — | $19,998 (4) |
| 3,000-3,999 hrs | — | $14,846 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
More Comparisons
Related Guides
Get Pricing
Get a Price Quote on Caterpillar 345B
We'll send you current pricing and available units. No spam.
Get a Price Quote on New Holland L228
We'll send you current pricing and available units. No spam.