Caterpillar 345B vs Takeuchi TL240: Which Is the Better Value?
The Caterpillar 345B averages $9,075 CAD at auction, compared to $23,877 for the Takeuchi TL240. That's a $14,801 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 $14,801 less than the TL240.
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 TL240
CTL$23,877 CAD avg
$7,937
Low
$45,540
High
26
Sales
Avg 3,982 hours · 2008–2012 model years
Full price guide →What are the key differences between 345B and TL240?
- Price: The 345B is $14,801 cheaper on average (62% savings).
- Track Type: 345B is a wheeled skid steer (SSL) while TL240 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 TL240s average 3,982 hours.
Both Caterpillar and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a 345B or TL240? Check current listings with Deal Scores.
Which is the better value: 345B or TL240?
Choose the Caterpillar 345B if:
- You want lower upfront cost ($14,801 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer Caterpillar's dealer network and parts availability
Choose the Takeuchi TL240 if:
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do 345B and TL240 prices compare by year?
| Year | Caterpillar 345B | Takeuchi TL240 |
|---|---|---|
| 2015 | $8,480 (4) | — |
| 2012 | — | $24,635 (8) |
| 2011 | — | $33,857 (4) |
| 2010 | — | $21,417 (6) |
| 2008 | — | $19,973 (8) |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do 345B and TL240 prices compare by hours?
| Hours | Caterpillar 345B | Takeuchi TL240 |
|---|---|---|
| 0-999 hrs | $4,836 (2) | — |
| 2,000-2,999 hrs | — | $32,173 (8) |
| 3,000-3,999 hrs | — | $23,874 (8) |
| 4,000+ hrs | — | $17,242 (10) |
Hours matter more than age for resale value. See our hours vs age analysis.
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