Mustang TL25 vs New Holland C232: Which Is the Better Value?
The Mustang TL25 averages $27,822 CAD at auction, compared to $39,742 for the New Holland C232. That's a $11,919 difference. Based on 20 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The Mustang TL25 is the better value buy for most Canadian buyers, averaging $11,919 less than the C232.
Mustang TL25
CTL$27,822 CAD avg
$21,831
Low
$37,191
High
6
Sales
Avg 2,704 hours · 2004–2005 model years
Full price guide →New Holland C232
CTL$39,742 CAD avg
$17,457
Low
$60,253
High
14
Sales
Avg 1,841 hours · 2011–2017 model years
Full price guide →How do TL25 and C232 specs compare?
| Spec | Mustang TL25 | New Holland C232 |
|---|---|---|
| Horsepower | — | 84 hp |
| Rated Operating Capacity | — | 2,700 lbs |
| Operating Weight | — | 10,085 lbs |
| Lift Type | — | vertical |
| Frame Size | — | mid |
| High Flow | — | 1 gpm |
What are the key differences between TL25 and C232?
- Price: The TL25 is $11,919 cheaper on average (30% savings).
- Usage: Used TL25s average 2,704 hours while C232s average 1,841 hours.
Both Mustang and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a TL25 or C232? Check current listings with Deal Scores.
Which is the better value: TL25 or C232?
Choose the Mustang TL25 if:
- You want lower upfront cost ($11,919 savings)
- You prefer Mustang's dealer network and parts availability
Choose the New Holland C232 if:
- You prefer New Holland's dealer network and parts availability
How do TL25 and C232 prices compare by year?
| Year | Mustang TL25 | New Holland C232 |
|---|---|---|
| 2017 | — | $52,192 (4) |
| 2014 | — | $32,575 (2) |
| 2013 | — | $45,914 (4) |
| 2012 | — | $18,756 (2) |
| 2011 | — | $30,651 (2) |
| 2005 | $21,921 (2) | — |
| 2004 | $30,772 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do TL25 and C232 prices compare by hours?
| Hours | Mustang TL25 | New Holland C232 |
|---|---|---|
| 0-999 hrs | $21,921 (2) | — |
| 1,000-1,999 hrs | — | $45,372 (10) |
| 2,000-2,999 hrs | $24,569 (2) | — |
| 3,000-3,999 hrs | — | $32,575 (2) |
| 4,000+ hrs | $36,976 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a TL25 or C232 in Canada?
Mustang TL25
No active listings right now.
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