Wheel Loaders
938M.
Estimated fair market value in good condition
2023 Model
3 years old
$142,500–$193,000
2021 Model
5 years old
$108,000–$146,000
2018 Model
8 years old
$49,000–$66,000
* Estimates based on MSRP depreciation. Actual value depends on hours, condition, and market.Get an exact valuation →
| Horsepower | 189 HP |
| Operating Weight | 31,500 lbs |
| Year Range | 2014–2022 |
| Base MSRP (New) | $255,000 |
| Avg Annual Hours | 1,400 hrs/yr |
| Bucket Capacity | 3.0 yd³ |
Common problem areas reported by owners and service technicians.
Common attachments that can add significant value to this machine.
Include your attachments when you request a valuation for a more accurate estimate.
Average usage is ~1,400 hours/year. Lower hours command a premium, while machines over 11,200 hours see steeper discounts.
Excellent condition machines can bring 15-25% more than average units. Structural damage, leaks, and worn undercarriage reduce value significantly.
Regional demand, transportation costs, and local construction activity all affect pricing. Markets in the South and Midwest typically see higher demand.
Attachments like GP bucket and forks add value. Include them in your valuation for a complete picture.
Documented maintenance history with dealer records can add 5-10% to the value. Unknown service history creates buyer hesitation and lowers offers.
Production years 2014–2022. Newer emissions-compliant models (Tier 4 Final) generally retain value better than older generations.
Free, instant, AI-powered. Enter your hours, condition, and location for an accurate estimate.
Common questions about the Caterpillar 938M, answered by EquipBook's equipment experts.
Be the first to know when Caterpillar 938M prices change. Monthly market data, comparable sales, and pricing trends.
Free forever. No spam. Unsubscribe anytime.
Other wheel loaders we cover in our valuation database.