Caterpillar 345B vs New Holland L160: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $16,526 for the New Holland L160. That's a $7,451 difference. Based on 14 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 $7,451 less than the L160.
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 L160
SSL$16,526 CAD avg
$12,447
Low
$23,861
High
8
Sales
Avg 2,661 hours · 2006–2007 model years
Full price guide →What are the key differences between 345B and L160?
- Price: The 345B is $7,451 cheaper on average (45% savings).
- Usage: Used 345Bs average 48 hours while L160s average 2,661 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 345B or L160? Check current listings with Deal Scores.
Which is the better value: 345B or L160?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($7,451 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L160 if:
- You prefer New Holland's dealer network and parts availability
How do 345B and L160 prices compare by year?
| Year | Caterpillar 345B | New Holland L160 |
|---|---|---|
| 2015 | $8,480 (4) | — |
| 2007 | — | $22,936 (2) |
| 2006 | — | $14,390 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and L160 prices compare by hours?
| Hours | Caterpillar 345B | New Holland L160 |
|---|---|---|
| 0-999 hrs | $4,836 (2) | — |
| 1,000-1,999 hrs | — | $18,939 (4) |
| 3,000-3,999 hrs | — | $13,083 (2) |
| 4,000+ hrs | — | $15,144 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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