Caterpillar 345B vs Takeuchi TL12V: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $44,163 for the Takeuchi TL12V. That's a $35,087 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 $35,087 less than the TL12V.
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 →Takeuchi TL12V
CTL$44,163 CAD avg
$13,799
Low
$86,526
High
14
Sales
Avg 2,580 hours · 2016–2022 model years
Full price guide →What are the key differences between 345B and TL12V?
- Price: The 345B is $35,087 cheaper on average (79% savings).
- Track Type: 345B is a wheeled skid steer (SSL) while TL12V is a compact track loader (CTL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used 345Bs average 48 hours while TL12Vs average 2,580 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 345B or TL12V? Check current listings with Deal Scores.
Which is the better value: 345B or TL12V?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($35,087 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 345B and TL12V prices compare by year?
| Year | Caterpillar 345B | Takeuchi TL12V |
|---|---|---|
| 2022 | — | $21,045 (2) |
| 2020 | — | $30,654 (4) |
| 2019 | — | $60,665 (4) |
| 2018 | — | $40,568 (2) |
| 2016 | — | $64,888 (2) |
| 2015 | $8,480 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and TL12V prices compare by hours?
| Hours | Caterpillar 345B | Takeuchi TL12V |
|---|---|---|
| 0-999 hrs | $4,836 (2) | $75,890 (2) |
| 1,000-1,999 hrs | — | $13,799 (1) |
| 2,000-2,999 hrs | — | $50,298 (6) |
| 3,000-3,999 hrs | — | $37,652 (3) |
| 4,000+ hrs | — | $18,975 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
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