Does the Ford Edge hold its value?
The Ford Edge is a popular midsize SUV that has been on the market since 2007. When it comes to resale value, the Ford Edge generally holds its value well compared to other vehicles in its class. According to industry data, the Ford Edge typically retains around 50-60% of its original value after 5 years of ownership.
Factors Affecting the Ford Edge's Resale Value
Several factors contribute to the Ford Edge's ability to hold its value over time:
- Reliability and Reputation: The Ford Edge has a reputation for being a reliable and well-built SUV, which helps maintain its value as it ages. Consumers are often willing to pay more for a used vehicle with a proven track record of dependability.
- Demand and Popularity: The Ford Edge is a popular model, with consistent demand from both new and used car buyers. This high demand helps support the vehicle's resale value.
- Trim Levels and Options: The Ford Edge is available in several trim levels, from the base model to the more premium and well-equipped versions. Higher-end trims with additional features and options tend to hold their value better than the base models.
- Mileage and Condition: As with any used vehicle, the Ford Edge's resale value is heavily influenced by its mileage and overall condition. Well-maintained vehicles with lower mileage will typically command higher prices on the used car market.
It's important to note that the Ford Edge's resale value can also be affected by broader market conditions, such as the overall economy, fuel prices, and competition from other midsize SUVs in the used car market.
Comparing the Ford Edge to Competitors
When compared to other midsize SUVs, the Ford Edge generally holds its value better than some of its competitors. For example, the Honda Pilot and Toyota Highlander tend to have slightly higher resale values, while the Nissan Murano and Chevrolet Blazer may have slightly lower resale values.
Ultimately, the Ford Edge's ability to hold its value makes it a solid choice for those looking to purchase a used midsize SUV, as it can provide a good return on investment when it comes time to sell or trade-in the vehicle.
What years should you stay away from a Ford Edge?
2011-2013: Frequent power loss, a malfunctioning door ajar light, and power steering problems were reported. This affected vehicle performance and compromised driver safety. 2015-2017: Ford Edge owners frequently complained about the vista roof glass cracking and a clunking sound.
Why is Ford discontinuing the Edge?
Ford has officially declared the retirement of the Edge after the 2023 model. This decision is due to Ford's commitment to electric vehicles. As part of its long-term vision, the company aims to focus more of its resources on EV production, and the Edge needs to fit that mold.
Which car brand loses its value fastest?
On the other hand, there are car manufacturers that are commonly known to have the highest deprecation rates over a five year span: Maserati 69.0% Volvo 66.4% BMW 66.1%
Is the Ford Edge a good used buy?
Ford edge is a very good and reliable car, both the 1st built of 2007-2009 and the 2nd built 2010-2014 of 3.5lit engine V6. Average repair is economical once the car owners abide by Ford/Motorcraft specifications.
What is the #1 most depreciating car?
Cars with the highest depreciation rate in 2023
- Maserati Quattroporte, average five-year depreciation 64.5%
- BMW 7 Series, 61.8%
- Maserati Ghibli, 61.3%
- BMW 5 Series (hybrid), 58.8%
- Cadillac Escalade ESV, 58.5%
- BMW X5, 58.2%
- INFINITI QX80, 58.1%
- Maserati Levante, 57.8%
How long does a Ford Edge usually last?
200,000 miles
It can last over 200,000 miles without needing major repairs. Faulty airbags, bad windshield seals, and fuel tank defect are some of the major issues reported by Ford Edge owners through the years.
Does a Ford Edge keep its value?
The Ford Edge will hold 51% of it's value after 5 years. This ranks 92nd among popular vehicles in our last study. Use our Ford Edge Depreciation Calculator to learn more about its residual value.
What are the negatives with the Ford Edge?
What Are Common Ford Edge Car Problems?
- Transmission Issues: Ford Edge owners often report problems related to the transmission, including erratic shifting, slipping between gears, and, in severe cases, complete transmission failure.
- Electrical System Malfunctions: The Ford Edge experiences various electrical problems.
What is the life expectancy of a Ford Edge?
It can last over 200,000 miles with few issues, as long as it is responsibly maintained by following its correct service schedule. The Ford Edge is known for providing superior performance and precise handling while also being practical, with excellent fuel-economy.
Why did Ford discontinue the Edge?
Ford has officially declared the retirement of the Edge after the 2023 model. This decision is due to Ford's commitment to electric vehicles. As part of its long-term vision, the company aims to focus more of its resources on EV production, and the Edge needs to fit that mold.
