Caterpillar 345B vs Takeuchi TL12V2: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $40,397 difference. Based on 32 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 $40,397 less than the TL12V2.
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 TL12V2
CTL$49,473 CAD avg
$16,899
Low
$92,598
High
26
Sales
Avg 2,220 hours · 2016–2021 model years
Full price guide →How do 345B and TL12V2 specs compare?
| Spec | Caterpillar 345B | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | — | 117 hp |
| Rated Operating Capacity | — | 3,600 lbs |
| Operating Weight | — | 13,051 lbs |
| Lift Type | — | vertical |
| Frame Size | — | large |
| High Flow | — | 1 gpm |
What are the key differences between 345B and TL12V2?
- Price: The 345B is $40,397 cheaper on average (82% savings).
- Track Type: 345B is a wheeled skid steer (SSL) while TL12V2 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 TL12V2s average 2,220 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 345B or TL12V2? Check current listings with Deal Scores.
Which is the better value: 345B or TL12V2?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($40,397 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 345B and TL12V2 prices compare by year?
| Year | Caterpillar 345B | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | — | $54,962 (8) |
| 2015 | $8,480 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and TL12V2 prices compare by hours?
| Hours | Caterpillar 345B | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | $4,836 (2) | $78,440 (4) |
| 1,000-1,999 hrs | — | $43,156 (6) |
| 2,000-2,999 hrs | — | $57,260 (8) |
| 3,000-3,999 hrs | — | $31,189 (4) |
| 4,000+ hrs | — | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a 345B or TL12V2 in Canada?
Caterpillar 345B
No active listings right now.
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