Does the Ford Bronco Sport hold its value?
The Ford Bronco Sport, a compact SUV introduced in 2020, has been a popular choice among consumers. One key factor that potential buyers consider is the vehicle's resale value, or how well it holds its value over time. Based on the available data, the Ford Bronco Sport appears to hold its value relatively well compared to other vehicles in its class.
Factors Affecting Resale Value
Several factors can influence a vehicle's resale value, including:
- Demand and popularity of the model
- Reliability and reputation of the brand
- Condition and mileage of the vehicle
- Overall market conditions and economic factors
The Ford Bronco Sport has been well-received by consumers, with its rugged design, off-road capabilities, and versatility appealing to a wide range of buyers. This strong demand has helped the Bronco Sport maintain its value better than some of its competitors.
Resale Value Estimates
According to industry data, the Ford Bronco Sport has performed well in terms of resale value. Source reports that the Bronco Sport retains an estimated 72% of its original value after three years of ownership, which is higher than the average for compact SUVs in its class. This means that if you purchased a Bronco Sport for $30,000, you could expect to receive around $21,600 if you sold it after three years.
The Bronco Sport's resale value is also influenced by its reputation for reliability and durability, which are important factors for used car buyers. Source notes that the Bronco Sport's off-road capabilities and rugged design contribute to its perceived value, making it a desirable choice for both new and used car buyers.
Comparison to Competitors
When compared to other compact SUVs, the Ford Bronco Sport holds its value relatively well. Source indicates that the Bronco Sport's three-year resale value is higher than that of the Honda CR-V, Toyota RAV4, and Subaru Outback, which are all popular competitors in the segment.
However, it's important to note that resale values can vary depending on individual circumstances, such as the specific model, options, and condition of the vehicle. Buyers should research and compare resale values from multiple sources to make an informed decision when purchasing a Ford Bronco Sport or any other vehicle.
Is Ford Bronco Sport expensive to maintain?
Maintenance: Expect to spend about $500 to $800 per year on routine maintenance, like oil changes, tire rotations, and brake inspections. The Bronco Sport is still relatively new, so long-term reliability data is limited, but early reviews suggest it holds up well.
Is a Ford Bronco Sport expensive to insure?
2021 Ford Bronco Sport Car Insurance
On average, it costs around $61 a month to insure a 2021 Ford Bronco Sport for liability only and $181 monthly for full coverage.
Do Ford Bronco sports hold their value?
A 2021 Ford Bronco Sport has depreciated $13,152 or 42% in the last 3 years and has a current resale value of $17,602 and trade-in value of $15,784. A 2021 Ford Bronco Sport has depreciated $13,152 or 42% in the last 3 years and has a current resale value of $17,602 and trade-in value of $15,784.
How much will the 2024 Ford Bronco Sport depreciate?
A 2024 Ford Bronco Sport Big Bend has a 5-year cost-to-own of $52,762. After 5 years a 2024 Bronco Sport Big Bend will depreciate $18,850 and have a residual value of $12,540. During this time out-of-pocket expenses are expected to total $33,912.
How well is the Ford Bronco Sport selling?
In the United States, Ford Bronco Sport deliveries totaled 28,189 units in Q2 2024, a decrease of about 15 percent compared to 33,272 units sold in Q2 2023. In the first six months of the year, Bronco Sport sales decreased about 5 percent to 59,754 units.
Why are Ford Bronco sports being recalled?
Ford is recalling nearly 273,000 vehicles for a possible 12-volt battery defect that, when present, can cause the vehicle to lose drive power. The recall specifically covers Ford Bronco Sports from model years 2021-2023, and Ford Maverick pickups from model year 2022 and 2023.
How much is insurance on a 2024 Bronco Sport?
Compare Ford Bronco Sport insurance rates by model year
| Model Year | Average Monthly Cost | Average 6-Month Cost |
|---|---|---|
| Ford Bronco Sport 2024 | $40 | $239 |
| Ford Bronco Sport 2023 | $40 | $239 |
| Ford Bronco Sport 2022 | $40 | $238 |
| Ford Bronco Sport 2021 | $45 | $269 |
How many miles will a Bronco Sport last?
Real-World Longevity
Owners who take care of their vehicles often see them last well beyond the 150,000-mile mark, making the Bronco Sport a solid investment for those seeking long-term reliability.
Is the Ford Bronco Sport a reliable vehicle?
Overall, the Ford Bronco Sport has proven to be a reliable SUV for most owners.
How many miles will a Bronco sport last?
Real-World Longevity
Owners who take care of their vehicles often see them last well beyond the 150,000-mile mark, making the Bronco Sport a solid investment for those seeking long-term reliability.
