9 hours ago
The Rise of Caterpillar’s Multi-Terrain Loaders
Caterpillar Inc., founded in 1925, has long been a dominant force in the heavy equipment industry. With global sales exceeding $50 billion annually, its machines are found on construction sites, farms, and industrial facilities worldwide. The CAT 287B, part of Caterpillar’s Multi-Terrain Loader (MTL) series, was introduced in the early 2000s as a high-performance alternative to traditional skid steers. Unlike standard wheeled loaders, MTLs use a suspended rubber track system designed for superior traction and reduced ground disturbance.
The 287B was built for versatility, featuring a 90-horsepower turbocharged diesel engine, a rated operating capacity of 3,850 pounds, and a vertical lift path ideal for loading trucks and handling pallets. Its advanced hydraulic system and pilot joystick controls made it popular among contractors, landscapers, and utility crews. By 2007, Caterpillar had sold tens of thousands of MTL units globally, with the 287B becoming one of the most recognized models in its class.
Evaluating a Used 287B at a Bargain Price
A 2004 CAT 287B listed for $14,000 immediately raises eyebrows. While the price appears attractive, several red flags warrant closer inspection. The machine reportedly shows significant wear: scratched paint, worn tracks, and high operating hours. These signs suggest heavy use, possibly in abrasive environments like demolition sites or quarries.
The tracks, a critical component of the MTL system, are nearing the end of their service life. Replacement costs vary by region and supplier, but typically range from $3,200 to $4,000 per track. Some operators report full undercarriage replacements costing between $10,000 and $12,000, especially when sprockets, rollers, and idlers are included. The 287B’s undercarriage is often compared to “oversized snowmobile tracks,” a nickname that reflects both its unique design and the high cost of maintenance.
Understanding Track Wear and Replacement Costs
The CAT 287B uses a torsion axle suspension system that allows the track to flex over uneven terrain. This design improves ride comfort and reduces shock to the frame, but it also accelerates wear on the rubber track and bogie wheels. Operators who run machines in sandy or rocky conditions often see track life reduced to 800–1,200 hours, compared to 1,500–2,000 hours in softer soils.
When evaluating a used MTL, track condition is paramount. Deep cracks, missing lugs, and exposed cords indicate imminent failure. Some seasoned contractors stretch worn tracks for a few hundred extra hours by avoiding aggressive turns and minimizing travel speed. However, this is a short-term strategy and should not replace proper maintenance.
The Risk of Buying Sight Unseen
Purchasing a machine located 32 hours away without inspection is risky. While online platforms offer detailed photos and specifications, they cannot replace a hands-on evaluation. Key areas to inspect include:
Market Trends and Resale Value
The resale value of CAT MTLs, especially pre-C series models like the 287B, has declined in recent years. This is partly due to the introduction of the C and D series, which feature improved cooling systems, better cab ergonomics, and more efficient hydraulics. Additionally, some dealers are hesitant to accept older CAT MTLs as trade-ins due to the high cost of undercarriage repairs.
According to auction data from 2023, well-maintained 287Bs with under 2,000 hours sell in the $22,000–$28,000 range. Machines with worn tracks and cosmetic damage often list below $18,000 but may require $10,000 or more in repairs. Buyers should factor in transportation costs, which can range from $1,500 to $3,000 depending on distance and carrier.
Dealer Insights and Sales History
In this case, the machine was listed by a CASE dealer, which is notable. CASE, a competitor to Caterpillar, typically sells its own line of skid steers and compact track loaders. The presence of a CAT machine on their lot suggests a trade-in or consignment. Dealers sometimes struggle to sell off-brand equipment, especially if it requires specialized parts or service expertise.
The dealer confirmed that the unit was fully operational and had been listed since October of the previous year. Extended time on the market may indicate low demand or hidden issues. Some dealers reduce prices to move inventory, while others hold firm, waiting for the right buyer.
Alternative Buying Platforms and Recommendations
Online marketplaces like IronPlanet and Richie Bros offer inspection reports, buyer protection plans, and transportation assistance. These platforms have become popular among contractors seeking used equipment with verified condition. IronPlanet, for example, conducts multi-point inspections and provides photos, fluid analysis, and operational videos.
Buyers can also review historical sales data to benchmark pricing. A search for CAT 287B units sold in the past year reveals a wide range of prices, from $16,000 for high-hour machines to $30,000 for low-hour units with new tracks. This variability underscores the importance of condition and maintenance history.
Operator Anecdote from the Northeast
A drainage foreman in Long Island shared his experience running three 287Bs in full-time landscaping operations. He routinely pushed track wear beyond manufacturer recommendations, squeezing out an extra 500 hours by rotating machines and avoiding aggressive terrain. Despite the cost of replacement tracks, he found the machines reliable and productive, especially in wet conditions where wheeled loaders struggled.
He cautioned that bargain-priced units often come with hidden costs. In one instance, a $15,000 purchase turned into a $25,000 investment after replacing the undercarriage, hydraulic pump, and electrical harness. His advice: inspect thoroughly, budget for repairs, and avoid machines with repainted frames, which may conceal structural damage.
Conclusion
A $14,000 CAT 287B may seem like a steal, but buyers must weigh the risks. Track wear, high hours, and long-distance logistics complicate the decision. While the machine may be operational, hidden costs can quickly erode the savings. With proper inspection, realistic budgeting, and awareness of market trends, buyers can make informed choices and avoid costly surprises. The 287B remains a capable machine, but only when paired with due diligence and a clear understanding of its maintenance demands.
Caterpillar Inc., founded in 1925, has long been a dominant force in the heavy equipment industry. With global sales exceeding $50 billion annually, its machines are found on construction sites, farms, and industrial facilities worldwide. The CAT 287B, part of Caterpillar’s Multi-Terrain Loader (MTL) series, was introduced in the early 2000s as a high-performance alternative to traditional skid steers. Unlike standard wheeled loaders, MTLs use a suspended rubber track system designed for superior traction and reduced ground disturbance.
The 287B was built for versatility, featuring a 90-horsepower turbocharged diesel engine, a rated operating capacity of 3,850 pounds, and a vertical lift path ideal for loading trucks and handling pallets. Its advanced hydraulic system and pilot joystick controls made it popular among contractors, landscapers, and utility crews. By 2007, Caterpillar had sold tens of thousands of MTL units globally, with the 287B becoming one of the most recognized models in its class.
Evaluating a Used 287B at a Bargain Price
A 2004 CAT 287B listed for $14,000 immediately raises eyebrows. While the price appears attractive, several red flags warrant closer inspection. The machine reportedly shows significant wear: scratched paint, worn tracks, and high operating hours. These signs suggest heavy use, possibly in abrasive environments like demolition sites or quarries.
The tracks, a critical component of the MTL system, are nearing the end of their service life. Replacement costs vary by region and supplier, but typically range from $3,200 to $4,000 per track. Some operators report full undercarriage replacements costing between $10,000 and $12,000, especially when sprockets, rollers, and idlers are included. The 287B’s undercarriage is often compared to “oversized snowmobile tracks,” a nickname that reflects both its unique design and the high cost of maintenance.
Understanding Track Wear and Replacement Costs
The CAT 287B uses a torsion axle suspension system that allows the track to flex over uneven terrain. This design improves ride comfort and reduces shock to the frame, but it also accelerates wear on the rubber track and bogie wheels. Operators who run machines in sandy or rocky conditions often see track life reduced to 800–1,200 hours, compared to 1,500–2,000 hours in softer soils.
When evaluating a used MTL, track condition is paramount. Deep cracks, missing lugs, and exposed cords indicate imminent failure. Some seasoned contractors stretch worn tracks for a few hundred extra hours by avoiding aggressive turns and minimizing travel speed. However, this is a short-term strategy and should not replace proper maintenance.
The Risk of Buying Sight Unseen
Purchasing a machine located 32 hours away without inspection is risky. While online platforms offer detailed photos and specifications, they cannot replace a hands-on evaluation. Key areas to inspect include:
- Hydraulic system: Check for leaks, pressure loss, and control responsiveness
- Engine performance: Listen for knocking, excessive smoke, or hard starts
- Electrical systems: Test lights, gauges, and warning indicators
- Frame integrity: Look for weld repairs, cracks, or signs of impact
- Cab condition: Assess seat wear, control layout, and visibility
Market Trends and Resale Value
The resale value of CAT MTLs, especially pre-C series models like the 287B, has declined in recent years. This is partly due to the introduction of the C and D series, which feature improved cooling systems, better cab ergonomics, and more efficient hydraulics. Additionally, some dealers are hesitant to accept older CAT MTLs as trade-ins due to the high cost of undercarriage repairs.
According to auction data from 2023, well-maintained 287Bs with under 2,000 hours sell in the $22,000–$28,000 range. Machines with worn tracks and cosmetic damage often list below $18,000 but may require $10,000 or more in repairs. Buyers should factor in transportation costs, which can range from $1,500 to $3,000 depending on distance and carrier.
Dealer Insights and Sales History
In this case, the machine was listed by a CASE dealer, which is notable. CASE, a competitor to Caterpillar, typically sells its own line of skid steers and compact track loaders. The presence of a CAT machine on their lot suggests a trade-in or consignment. Dealers sometimes struggle to sell off-brand equipment, especially if it requires specialized parts or service expertise.
The dealer confirmed that the unit was fully operational and had been listed since October of the previous year. Extended time on the market may indicate low demand or hidden issues. Some dealers reduce prices to move inventory, while others hold firm, waiting for the right buyer.
Alternative Buying Platforms and Recommendations
Online marketplaces like IronPlanet and Richie Bros offer inspection reports, buyer protection plans, and transportation assistance. These platforms have become popular among contractors seeking used equipment with verified condition. IronPlanet, for example, conducts multi-point inspections and provides photos, fluid analysis, and operational videos.
Buyers can also review historical sales data to benchmark pricing. A search for CAT 287B units sold in the past year reveals a wide range of prices, from $16,000 for high-hour machines to $30,000 for low-hour units with new tracks. This variability underscores the importance of condition and maintenance history.
Operator Anecdote from the Northeast
A drainage foreman in Long Island shared his experience running three 287Bs in full-time landscaping operations. He routinely pushed track wear beyond manufacturer recommendations, squeezing out an extra 500 hours by rotating machines and avoiding aggressive terrain. Despite the cost of replacement tracks, he found the machines reliable and productive, especially in wet conditions where wheeled loaders struggled.
He cautioned that bargain-priced units often come with hidden costs. In one instance, a $15,000 purchase turned into a $25,000 investment after replacing the undercarriage, hydraulic pump, and electrical harness. His advice: inspect thoroughly, budget for repairs, and avoid machines with repainted frames, which may conceal structural damage.
Conclusion
A $14,000 CAT 287B may seem like a steal, but buyers must weigh the risks. Track wear, high hours, and long-distance logistics complicate the decision. While the machine may be operational, hidden costs can quickly erode the savings. With proper inspection, realistic budgeting, and awareness of market trends, buyers can make informed choices and avoid costly surprises. The 287B remains a capable machine, but only when paired with due diligence and a clear understanding of its maintenance demands.
