How fast does a Ford Expedition depreciate?
The Ford Expedition is a popular full-size SUV known for its spacious interior, powerful performance, and advanced technology. However, like all vehicles, it experiences depreciation over time. In this article, we will explore how fast a Ford Expedition depreciates and what factors influence its value retention.
Depreciation Rates for the Ford Expedition
On average, a Ford Expedition depreciates about 15% to 20% of its value each year. This means that after five years, the vehicle may lose approximately 60% of its original value. However, several factors can affect this rate:
- Model Year: Newer models tend to depreciate faster initially, while older models may hold their value better.
- Condition: A well-maintained Expedition will retain its value better than one that has been poorly cared for.
- Mileage: Lower mileage typically correlates with higher resale value.
- Market Demand: The popularity of the model in the used car market can significantly impact depreciation rates.
- Trim Level and Features: Higher trim levels with more features may depreciate at a slower rate due to their desirability.
Factors Influencing Depreciation
Understanding the factors that influence depreciation can help potential buyers and current owners make informed decisions:
- Economic Conditions: Economic downturns can lead to increased depreciation as demand for used vehicles decreases.
- Fuel Prices: Fluctuations in fuel prices can affect the desirability of larger SUVs like the Expedition.
- Technological Advancements: Newer models with advanced technology can make older models less appealing, accelerating depreciation.
Conclusion
In summary, while the Ford Expedition generally depreciates at a rate of 15% to 20% per year, various factors can influence this rate. By understanding these factors, owners can take steps to maintain their vehicle's value and make smarter purchasing decisions in the future.
Frequently Asked Questions
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%.
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.
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.
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 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.
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 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%
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.
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.
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.
