Wheel Loaders
A 2016 Caterpillar 988K is 10 years old and typically retains 20% of its original MSRP. K-series Tier 4 Final. Production mining loader.
Based on MSRP depreciation model
Good Condition
$112,000 – $151,500
Low hours, well-maintained, no major issues
Average Condition
$98,500 – $133,500
Average hours, typical wear, operational
20% value retained after 10 years
* Estimates vary by hours, condition, and location. Get exact pricing →
Average usage is ~1,700 hrs/yr. A 2016 model with average hours would have ~17,000 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
2016 model: $53,500–$72,500
John Deere 544
2016 model: $35,000–$47,500
Komatsu WA270
2016 model: $32,000–$43,000
Volvo L90H
2016 model: $43,500–$59,000
Hyundai HL757-9
2016 model: $32,500–$44,000
Caterpillar 966
2016 model: $70,500–$95,000
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Monthly pricing data, comparable sales, and market trends for the 2016 Caterpillar 988K.
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