Excavators
A 2003 Caterpillar 345BL is 23 years old and typically retains 15% of its original MSRP. B-series 45-ton. Heavy mining and demolition workhorse.
Based on MSRP depreciation model
Good Condition
$48,500 – $65,500
Low hours, well-maintained, no major issues
Average Condition
$42,500 – $57,500
Average hours, typical wear, operational
15% value retained after 23 years
* Estimates vary by hours, condition, and location. Get exact pricing →
Average usage is ~1,100 hrs/yr. A 2003 model with average hours would have ~25,300 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 320
2003 model: $34,000–$45,500
Caterpillar 325
2003 model: $39,500–$53,500
Caterpillar 330
2003 model: $45,500–$61,000
John Deere 210G
2003 model: $29,500–$39,500
John Deere 350G
2003 model: $43,500–$58,500
Komatsu PC200
2003 model: $30,000–$40,500
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Monthly pricing data, comparable sales, and market trends for the 2003 Caterpillar 345BL.
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