Mustang TL25 vs New Holland L230: Which Is the Better Value?
The Mustang TL25 averages $27,822 CAD at auction, compared to $30,681 for the New Holland L230. That's a $2,858 difference. Based on 34 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
Both machines are competitively priced with only a $2,858 difference. Your decision should come down to brand preference, dealer proximity, and specific feature needs rather than price alone.
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 L230
SSL$30,681 CAD avg
$12,902
Low
$64,841
High
28
Sales
Avg 1,509 hours · 2012–2017 model years
Full price guide →What are the key differences between TL25 and L230?
- Price: The TL25 is $2,858 cheaper on average (9% savings).
- Track Type: TL25 is a compact track loader (CTL) while L230 is a wheeled skid steer (SSL). CTLs have better traction on soft ground; wheeled units are faster and cheaper to maintain.
- Usage: Used TL25s average 2,704 hours while L230s average 1,509 hours.
Both Mustang and New Holland retain value well. See our depreciation guide for brand rankings.
Looking for a TL25 or L230? Check current listings with Deal Scores.
Which is the better value: TL25 or L230?
Choose the Mustang TL25 if:
- You want lower upfront cost ($2,858 savings)
- You work on soft ground, mud, or uneven terrain
- You prefer Mustang's dealer network and parts availability
Choose the New Holland L230 if:
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
How do TL25 and L230 prices compare by year?
| Year | Mustang TL25 | New Holland L230 |
|---|---|---|
| 2017 | — | $62,780 (2) |
| 2015 | — | $32,746 (4) |
| 2014 | — | $42,502 (2) |
| 2013 | — | $23,664 (4) |
| 2012 | — | $26,128 (14) |
| 2005 | $21,921 (2) | — |
| 2004 | $30,772 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do TL25 and L230 prices compare by hours?
| Hours | Mustang TL25 | New Holland L230 |
|---|---|---|
| 0-999 hrs | $21,921 (2) | $43,282 (6) |
| 1,000-1,999 hrs | — | $31,068 (10) |
| 2,000-2,999 hrs | $24,569 (2) | $31,179 (4) |
| 3,000-3,999 hrs | — | $28,108 (2) |
| 4,000+ hrs | $36,976 (2) | — |
Hours matter more than age for resale value. See our hours vs age analysis.
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