Does a Ford Expedition hold its value?
The Ford Expedition is a popular full-size SUV known for its spacious interior, powerful performance, and family-friendly features. However, when considering purchasing a vehicle, one important factor to evaluate is its resale value. In this article, we’ll explore whether the Ford Expedition holds its value over time and what factors influence its depreciation rate.
Understanding Vehicle Depreciation
Depreciation is the reduction in a vehicle's value over time due to factors such as age, mileage, condition, and market demand. While all vehicles lose value as they age, some retain their value better than others. SUVs like the Ford Expedition often perform well in terms of resale value, but there are specific factors to consider.
How Well Does the Ford Expedition Retain Its Value?
The Ford Expedition generally holds its value better than many other full-size SUVs. Here are some reasons why:
- Popularity in the SUV Market: The Expedition is a sought-after vehicle for families and adventurers alike, which helps maintain its demand in the used car market.
- Durability and Reliability: Known for its robust build and reliable performance, the Expedition appeals to buyers looking for a long-lasting vehicle.
- Features and Technology: Modern Expeditions come equipped with advanced safety features, infotainment systems, and luxury options, which add to their appeal and resale value.
Factors That Influence Resale Value
While the Ford Expedition holds its value relatively well, several factors can impact its depreciation rate:
- Trim Level and Options: Higher trims with premium features tend to retain value better than base models.
- Condition and Maintenance: A well-maintained Expedition with a clean service history will fetch a higher resale price.
- Mileage: Lower mileage vehicles are more desirable and retain value better.
- Market Trends: Changes in fuel prices or shifts in consumer preferences can affect the demand for large SUVs.
Tips for Maximizing Resale Value
If you own a Ford Expedition and want to maximize its resale value, consider the following tips:
- Keep up with regular maintenance and document all service records.
- Address any cosmetic or mechanical issues promptly.
- Consider selling privately rather than trading in to get a better price.
- Choose a popular color and trim when purchasing, as these tend to have higher resale demand.
Conclusion
The Ford Expedition is a solid choice for those looking for a full-size SUV that retains its value well. Its combination of reliability, features, and market demand makes it a competitive option in the used car market. By maintaining your Expedition and being mindful of factors that influence depreciation, you can ensure a better return on your investment when it’s time to sell.
Frequently Asked Questions
How well do Ford Expeditions hold their value?
“The Expedition may be great at carrying families, but it's not so awesome at holding its value,” U.S. News said. Consumers can look to other SUVs that will take their money much farther over the years. The average depreciation value for the Ford Expedition is 50.7% over a five year period.
Is Ford better quality than Chevy?
Ford is renowned for its innovations in performance and tech, often leading the pack with capable handling, strong powertrains and cutting-edge features. Chevy, on the other hand, has built its reputation on value and dependability, appealing to buyers who prioritize affordability and long-term reliability.
What is a common problem with Ford Expedition?
Transmission Problems
Many owners of 2021-2024 Ford Expedition models report transmission issues, particularly with rough shifting, delayed gear engagement, and transmission slipping.
Does Ford hold its resale value?
Strong Brand Reputation and Resale Value
Known for their engineering and quality, Ford SUVs tend to retain their resale value better than many competitors. The Ford Expedition, in particular, benefits from a strong following among buyers looking for a spacious and capable SUV with proven longevity.
Which car brand has the highest resale value?
List of 10 Best Resale Value Cars in India
- Hyundai Creta.
- Maruti Suzuki Swift.
- Honda City.
- Mahindra Scorpio.
- Tata Nexon.
- Maruti Suzuki Wagon R.
- Hyundai Grand i10 Nios.
- Mahindra Bolero. The Mahindra Bolero caters to a specific segment.
What is the life expectancy of an Expedition?
According to vehiclehistory.com, the Ford Expedition can last 150,000-300,000 miles, depending on the engine and the care put into the vehicle.
What SUV has the longest life expectancy?
The Longest-Lasting Cars, Trucks and SUVs To Reach 250,000 Miles and Beyond
| Top 20 SUVs Most Likely To Last 250,000+ Miles – iSeeCars Study | ||
|---|---|---|
| Rank | Model | % Chance of Lasting 250,000+ Miles |
| 1 | Toyota Sequoia | 36.4% |
| 2 | Toyota 4Runner | 26.8% |
| 3 | Toyota Highlander Hybrid | 25.9% |
Is an Expedition bigger than a tahoe?
Chevy Tahoe dimensions are similar yet favor the Tahoe. For starters, the Tahoe measures 210.7 inches long, 81 inches wide, and 75.8 inches tall; the Expedition is 210 inches long, 79.9 inches wide, and 76.6 inches tall. The Expedition has 43.9-inch front-, 41.5-inch second-, and 36.1-inch third-row legroom.
Which is more reliable, Ford Expedition or Chevy Suburban?
Reliability is always a crucial factor when choosing a vehicle. According to a recent report, the 2024 Chevrolet Suburban has a predicted reliability score of 81 out of 100, while the 2024 Ford Expedition Max scores 83 out of 100. Warranty offerings are similar for both models.
Is the Ford Expedition worth it?
Highs Potent twin-turbo engine, cavernous cabin, tows like a pickup truck. Lows Truckish handling, noticeable cheapness inside, fancy versions encroach on Lincoln pricing territory. Verdict The Expedition is practical and quick, but that's not enough to put it ahead of its rivals.
