New Holland L218 vs Takeuchi TL12V2: Which Is the Better Value?
The New Holland L218 averages $18,992 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $30,480 difference. Power-wise, the L218 offers 60 HP versus the TL12V2's 117 HP. The L218 has 1,800 lb rated operating capacity vs 3,600 lb for the TL12V2. Based on 34 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L218 is the better value buy for most Canadian buyers, averaging $30,480 less than the TL12V2. The TL12V2 is worth the premium if you specifically need the extra 57 HP or the higher 3,600 lb lifting capacity .
New Holland L218
SSL$18,992 CAD avg
$9,715
Low
$36,332
High
8
Sales
Avg 3,003 hours · 2011–2012 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 L218 and TL12V2 specs compare?
| Spec | New Holland L218 | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | 60 hp | 117 hp |
| Rated Operating Capacity | 1,800 lbs | 3,600 lbs |
| Operating Weight | 6,160 lbs | 13,051 lbs |
| Lift Type | radial | vertical |
| Frame Size | small | large |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between L218 and TL12V2?
- Price: The L218 is $30,480 cheaper on average (62% savings).
- Power: The TL12V2 has 57 more horsepower (117 HP vs 60 HP).
- Lifting Capacity: The TL12V2 lifts 1800 lbs more (3,600 lb ROC).
- Lift Type: L218 uses radial lift while TL12V2 uses vertical lift.
- Track Type: L218 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 L218s average 3,003 hours while TL12V2s average 2,220 hours.
Both New Holland and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a L218 or TL12V2? Check current listings with Deal Scores.
Which is the better value: L218 or TL12V2?
Choose the New Holland L218 if:
- You want lower upfront cost ($30,480 savings)
- You work on pavement, concrete, or hard surfaces
- You prefer New Holland's dealer network and parts availability
Choose the Takeuchi TL12V2 if:
- You need more power (117 HP)
- You need higher lifting capacity (3,600 lbs)
- You work on soft ground, mud, or uneven terrain
- You prefer Takeuchi's dealer network and parts availability
How do L218 and TL12V2 prices compare by year?
| Year | New Holland L218 | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | — | $59,964 (4) |
| 2018 | — | $55,312 (2) |
| 2016 | — | $54,962 (8) |
| 2012 | $13,321 (4) | — |
| 2011 | $24,663 (4) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do L218 and TL12V2 prices compare by hours?
| Hours | New Holland L218 | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | $24,663 (4) | $78,440 (4) |
| 1,000-1,999 hrs | — | $43,156 (6) |
| 2,000-2,999 hrs | — | $57,260 (8) |
| 3,000-3,999 hrs | $16,202 (2) | $31,189 (4) |
| 4,000+ hrs | $10,441 (2) | $19,075 (2) |
Hours matter more than age for resale value. See our hours vs age analysis.
Where can I buy a L218 or TL12V2 in Canada?
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