How fast does a Ford Expedition depreciate?
The Ford Expedition, a popular full-size SUV, is known for its spaciousness, power, and capability. However, like most vehicles, the Expedition experiences significant depreciation over time. On average, a Ford Expedition can lose around 50% of its value within the first three years of ownership.
Understanding Vehicle Depreciation
Vehicle depreciation is the loss in value of a car or SUV over time. It is one of the largest expenses associated with owning a vehicle, often exceeding the cost of fuel, insurance, and maintenance. Factors that influence depreciation include the make, model, age, mileage, and condition of the vehicle, as well as market demand and economic conditions.
Depreciation Rates for the Ford Expedition
According to industry data, a new Ford Expedition can lose around 20-25% of its value in the first year of ownership. By the end of the third year, the Expedition's value may have dropped by as much as 50% or more. This means that a $60,000 Expedition could be worth only $30,000 or less after three years of use.
The rate of depreciation for the Expedition can vary depending on several factors, including:
- Mileage: Vehicles with lower mileage tend to depreciate more slowly than those with higher mileage.
- Trim Level: Higher-end Expedition models with more features and options may depreciate at a faster rate than base models.
- Condition: Well-maintained Expeditions with no major damage or repairs will hold their value better than those with significant wear and tear.
It's important to note that these are general estimates, and the actual depreciation rate for a specific Expedition may vary based on the unique circumstances of the vehicle and the local market conditions.
Strategies to Minimize Depreciation
While the Expedition, like most vehicles, will experience significant depreciation, there are some strategies owners can use to help minimize the loss in value:
- Maintain the vehicle properly: Regular maintenance, including oil changes, tire rotations, and other recommended services, can help preserve the Expedition's condition and resale value.
- Avoid excessive mileage: Limiting the number of miles driven can slow the rate of depreciation.
- Consider leasing: Leasing an Expedition may be a better option for some owners, as the depreciation is borne by the leasing company rather than the individual.
By understanding the depreciation rates and taking proactive steps to maintain the Expedition's condition, owners can help mitigate the financial impact of owning this popular SUV.
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.
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%
At what age does a vehicle depreciate the most?
first year
The first year faces the most significant depreciation hit to the car's market value, with most vehicles losing about 20% or more of their original value.
What is the average lifespan of a Ford Expedition?
We discussed the general range of the lifespan for the Ford Expedition, which is around 150,000-300,000. Based on those numbers, anything above 200,000 miles is high mileage for a Ford Expedition. Once the car hits that number, there is a much higher chance your car will require expensive repairs.
How fast do Ford Explorers depreciate?
Like all vehicles, Ford Explorers depreciate over time. In the first five years, they typically lose around 50-55% of their value.
Is it expensive to maintain a Ford Expedition?
A Ford Expedition will cost about $9,758 for maintenance and repairs during its first 10 years of service. This is more than the industry average for popular SUV models by $1,508.
Which Ford vehicle has the best resale value?
Over a five-year period, the F-250 Super Duty will retain an average of 89% of its value(2), an exceptionally good rating. And the F-350 Super Duty is identical, also at 869%. The F-150, though not a Super Duty, is still much higher than the competition at 87.59%.
Is the Ford Expedition worth it?
The Ford Expedition, in particular, benefits from a strong following among buyers looking for a spacious and capable SUV with proven longevity. As a result, used Expeditions are in demand, with a strong resale value that reflects Ford's commitment to quality and performance over the years.
Does a Ford Expedition hold its value?
A 2020 Ford Expedition has depreciated $24,032 or 48% in the last 3 years and has a current resale value of $25,404 and trade-in value of $22,288. The 2020 Ford Expedition is in the 25-75% percentile for depreciation among all 2020 SUVs.
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%
