New Holland L228 vs Takeuchi TL12V2: Which Is the Better Value?
The New Holland L228 averages $24,977 CAD at auction, compared to $49,473 for the Takeuchi TL12V2. That's a $24,495 difference. Power-wise, the L228 offers 74 HP versus the TL12V2's 117 HP. The L228 has 2,400 lb rated operating capacity vs 3,600 lb for the TL12V2. Based on 40 verified Canadian auction results tracked by TrackCheck, here's the full breakdown.
The Verdict
The New Holland L228 is the better value buy for most Canadian buyers, averaging $24,495 less than the TL12V2. The TL12V2 is worth the premium if you specifically need the extra 43 HP or the higher 3,600 lb lifting capacity .
New Holland L228
SSL$24,977 CAD avg
$13,813
Low
$43,027
High
14
Sales
Avg 2,064 hours · 2015–2019 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 L228 and TL12V2 specs compare?
| Spec | New Holland L228 | Takeuchi TL12V2 |
|---|---|---|
| Horsepower | 74 hp | 117 hp |
| Rated Operating Capacity | 2,400 lbs | 3,600 lbs |
| Operating Weight | 7,560 lbs | 13,051 lbs |
| Lift Type | vertical | vertical |
| Frame Size | mid | large |
| High Flow | 1 gpm | 1 gpm |
What are the key differences between L228 and TL12V2?
- Price: The L228 is $24,495 cheaper on average (50% savings).
- Power: The TL12V2 has 43 more horsepower (117 HP vs 74 HP).
- Lifting Capacity: The TL12V2 lifts 1200 lbs more (3,600 lb ROC).
- Track Type: L228 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.
Both New Holland and Takeuchi retain value well. See our depreciation guide for brand rankings.
Looking for a L228 or TL12V2? Check current listings with Deal Scores.
Which is the better value: L228 or TL12V2?
Choose the New Holland L228 if:
- You want lower upfront cost ($24,495 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 L228 and TL12V2 prices compare by year?
| Year | New Holland L228 | Takeuchi TL12V2 |
|---|---|---|
| 2021 | — | $40,750 (8) |
| 2019 | $26,965 (2) | $59,964 (4) |
| 2018 | $19,998 (4) | $55,312 (2) |
| 2016 | $22,083 (6) | $54,962 (8) |
| 2015 | $41,627 (2) | — |
Prices in CAD. Numbers in parentheses are sample size. Lower price highlighted.
How do L228 and TL12V2 prices compare by hours?
| Hours | New Holland L228 | Takeuchi TL12V2 |
|---|---|---|
| 0-999 hrs | — | $78,440 (4) |
| 1,000-1,999 hrs | $33,937 (6) | $43,156 (6) |
| 2,000-2,999 hrs | $19,998 (4) | $57,260 (8) |
| 3,000-3,999 hrs | $14,846 (2) | $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 L228 or TL12V2 in Canada?
New Holland L228
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