Caterpillar 345B vs New Holland L220: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $21,360 for the New Holland L220. That's a $12,285 difference. Based on 16 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 $12,285 less than the L220.
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 L220
SSL$21,360 CAD avg
$8,956
Low
$29,639
High
10
Sales
Avg 2,797 hours · 2012–2015 model years
Full price guide →How do 345B and L220 specs compare?
| Spec | Caterpillar 345B | New Holland L220 |
|---|---|---|
| Horsepower | — | 68 hp |
| Rated Operating Capacity | — | 2,000 lbs |
| Operating Weight | — | 6,650 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between 345B and L220?
- Price: The 345B is $12,285 cheaper on average (58% savings).
- Usage: Used 345Bs average 48 hours while L220s average 2,797 hours.
Both Caterpillar and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a 345B or L220? Check current listings with Deal Scores.
Which is the better value: 345B or L220?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($12,285 savings)
- You prefer Caterpillar's dealer network and parts availability
Choose the New Holland L220 if:
- You prefer New Holland's dealer network and parts availability
How do 345B and L220 prices compare by year?
| Year | Caterpillar 345B | New Holland L220 |
|---|---|---|
| 2015 | $8,480 (4) | $27,111 (2) |
| 2013 | — | $15,136 (2) |
| 2012 | — | $21,518 (6) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and L220 prices compare by hours?
| Hours | Caterpillar 345B | New Holland L220 |
|---|---|---|
| 0-999 hrs | $4,836 (2) | $28,861 (2) |
| 1,000-1,999 hrs | — | $26,652 (2) |
| 2,000-2,999 hrs | — | $27,111 (2) |
| 4,000+ hrs | — | $15,136 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 345B or L220 in Canada?
Caterpillar 345B
No active listings right now.
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