Wheel Loaders
A 2002 Caterpillar 988G is 24 years old and typically retains 15% of its original MSRP. Heavy mining/quarry. Strong rebuild market.
Based on MSRP depreciation model
Good Condition
$61,000 – $83,000
Low hours, well-maintained, no major issues
Average Condition
$53,500 – $73,000
Average hours, typical wear, operational
15% value retained after 24 years
* Estimates vary by hours, condition, and location. Get exact pricing →
Average usage is ~1,700 hrs/yr. A 2002 model with average hours would have ~40,800 total hours.
Excellent condition can add 15-25% over average. Structural damage, leaks, or worn undercarriage significantly reduce value.
Equipment in the West and Southwest typically commands 5-8% higher prices. Transportation costs affect final pricing.
Documented dealer maintenance records can add 5-10% to value. Unknown history creates buyer hesitation.
Compare values across different model years.
Caterpillar 950
2002 model: $41,000–$55,000
John Deere 544
2002 model: $27,000–$36,000
Komatsu WA270
2002 model: $24,000–$33,000
Volvo L90H
2002 model: $33,000–$45,000
Hyundai HL757-9
2002 model: $25,000–$33,500
Caterpillar 966
2002 model: $53,500–$72,500
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Monthly pricing data, comparable sales, and market trends for the 2002 Caterpillar 988G.
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