How much is a 1998 Ford Expedition worth today?
A 1998 Ford Expedition generally trades for roughly $2,000 to $7,000 today, with most well-maintained examples landing in the low-to-mid thousands. Exact pricing depends on condition, mileage, trim level, and regional demand.
Current value snapshot
To give buyers and sellers a practical sense of range, valuations from standard guides are used as a baseline. Prices can vary by market, and a well-documented history or desirable features can shift a vehicle higher or lower than typical ranges.
- Poor condition or high mileage (mechanical issues, cosmetic wear, or salvage history): $1,500–$2,500
- Fair condition with average mileage: $2,000–$3,500
- Good condition with normal wear and service history: $3,500–$5,500
- Very good condition with solid maintenance records and reasonable miles: $5,500–$7,000
- Excellent condition, low mileage, rare extras: $7,000–$9,000+
These ranges reflect typical private-party sale prices in today’s market and can shift based on region, trim, and individual vehicle history.
Key factors that influence value
Several elements most strongly determine what a 1998 Expedition will fetch in today’s market.
- Mileage: Lower mileage generally trumps age, especially for the 5.4L or 4.6L V8 engines that were used in this generation.
- Mechanical condition: Engine, transmission, suspension, cooling, and 4x4 systems must be reliable for the price to stay on the higher end.
- Trim and equipment: Eddie Bauer and XLT trims with leather, tow packages, and options like power options or upgraded stereos can command more than base XL/XLT models.
- Rust and cosmetic condition: Northeastern or coastal cars may show rust, while paint, interior wear, and dent repair impact price more than you might expect.
- Maintenance history: Regular service, documented repairs, and recent major components (brakes, timing components, hoses) can improve value.
- Location and demand: Urban or regions with a higher demand for older SUVs can drive prices up slightly; rust-prone regions can depress values.
Understanding these factors helps sellers set a realistic asking price and helps buyers evaluate an offered price against the vehicle’s condition and history.
How to price a 1998 Expedition accurately today
To arrive at a precise, fair price, follow these steps and compare multiple sources.
- Gather essential details: exact trim (XL, XLT, or Eddie Bauer), drivetrain (2WD vs. 4x4), engine (4.6L or 5.4L), mileage, and a complete maintenance history.
- Check multiple valuation guides: KBB, NADA Guides, and Edmunds for current private-party and trade-in values based on your vehicle’s specifics.
- Assess condition with a professional pre-purchase inspection (PPI) if you’re buying, or get a trusted mechanic’s appraisal if you’re selling.
- Compare regional listings: search local classifieds and dealer inventories to see what similar Expeditions are listing for in your area.
- Set a realistic asking price and plan for negotiation: price slightly above your target to allow room for offers, while keeping in mind how much a buyer values the vehicle’s condition and history.
By following these steps and cross-referencing several sources, you’ll land on a price that’s fair for both seller and buyer in today’s market.
Practical buying and selling considerations
Whether you’re looking to buy a 1998 Expedition for daily use or considering selling a well-kept example, a careful approach helps you optimize value.
- For buyers: prioritize mechanical reliability and documentation; ask for records of major repairs and any rust-related notes.
- For sellers: stage the vehicle for photos, fix obvious issues, and provide maintenance receipts to justify a higher price.
Clear communication about condition, history, and maintenance can significantly influence buyer trust and final price.
Summary
In today’s market, a 1998 Ford Expedition typically ranges from about $2,000 to $7,000, with variations based on mileage, trim, condition, and location. Use multiple valuation sources, verify the vehicle’s history, and consider professional inspections to arrive at a fair price whether you’re buying or selling. The best outcomes come from being transparent about condition and backed by documented maintenance.
What year of Ford Expedition to stay away from?
Years to avoid for the Ford Expedition include 2003-2006 and 2011, which are known for engine, electrical, and transmission issues. Some newer models, particularly around 2017, 2018, 2019, 2020, and 2021, are also cited for various problems like transmission trouble, issues with running boards, and other mechanical failures. It is best to choose a model year with better reliability ratings, such as 2015 or 2020, or focus on the fourth generation (2018-2024) or newer, which generally have better ratings.
Older generations (second and third)
- 2003–2006: These models are particularly notorious for having multiple complaints, including engine and drivetrain problems, brake failure, and electrical issues.
- 2011: This year is frequently mentioned for being problematic, though the specific issues are not as detailed as for the earlier years.
Newer generations (fourth)
- 2017–2019: Issues include rough shifting transmissions, problems with automatic running boards, and other powertrain concerns.
- 2018–2020: Some models are noted for poor fuel economy, especially when towing, in addition to transmission issues.
- 2020–2021: At least one owner reported needing major repairs, including a new transmission and catalytic converters, on a 2021 model.
- 2022–2024: These model years have recalls related to brake lines potentially becoming damaged by other components, which can lead to a brake fluid leak and reduced braking function.
What to look for
- 2015: This model year is often recommended as a more reliable option within the third generation.
- 2020: This year is highlighted as one of the more dependable models.
- 2018–2024: Fourth-generation models generally have higher reliability ratings, though some specific years within this range still had reported issues.
How many miles will a 1998 Ford Expedition last?
200,000 to 300,000 miles
Typical Lifespan of a Ford Expedition
On average, a Ford Expedition can last 200,000 to 300,000 miles or more with proper maintenance. For many drivers, this translates to 15–20 years of use if you drive approximately 15,000 miles per year.
What is the value of a 1998 Ford Expedition?
The value of a used 1998 Ford Expedition ranges from $891 to $3,348, based on vehicle condition, mileage, and options.
What is the resale value of the Ford Expedition?
The Ford Expedition has a moderately strong resale value, with depreciation rates that can be lower than the average for its large SUV segment. For example, one source estimates a 59% depreciation after five years, while another suggests a 54.1% depreciation for the average large SUV over the same period, indicating the Expedition holds its value relatively well. The exact resale value depends on the vehicle's age, condition, and mileage.
- Depreciation: The Ford Expedition's depreciation rate varies by model year and condition. Some sources suggest that it depreciates around 59% after 5 years, while others show that specific models can depreciate more or less.
- Resale Value: After 5 years, a Ford Expedition is expected to have a resale value of approximately $31,766, assuming a starting price of $76,934 and average mileage of 13,500 miles per year.
- Factors to consider: Depreciation is impacted by factors like vehicle age, mileage, condition, and specific trim level. For example, a 2020 Ford Expedition MAX has depreciated 45% over three years, while a 2023 Ford Expedition has depreciated 37% in two years.
