How much should I pay for a 2020 Explorer?
Used 2020 Explorers typically sell in the roughly $20,000 to $40,000 range, with price influenced by trim, mileage, and condition. Most buyers will find mid-range trims with average mileage in the $25,000–$35,000 neighborhood, while higher trims or low-mileage examples can approach or exceed $40,000.
As a buyer, you’re weighing several factors: the trim level, how many miles the SUV has, its mechanical condition, and whether it includes popular options like all-wheel drive, leather seating, and advanced safety tech. This guide breaks down what drives price, typical ranges by trim and condition, and practical steps to land a fair deal.
What affects the price
Several factors shape what you should pay for a used 2020 Explorer. The most influential are the trim level and engine, mileage, overall condition, drivetrain, included options, regional market conditions, and whether the vehicle has a clean title or any history of damage.
- Trim level and engine: Base models with fewer options cost less, while Limited, ST, and Platinum trims add features and push the price higher.
- Mileage and age: Lower miles generally command higher prices; every mile adds depreciation, especially on a 4-year-old vehicle.
- Condition and history: Accident history, maintenance records, and whether components have been replaced can affect value.
- Options and packages: All-wheel drive, leather seating, advanced safety tech, tow packages, and navigation upgrades raise the price.
- Location and market dynamics: Supply, demand, and local dealer incentives vary by region and can swing prices.
- Title status: Vehicles with salvage or rebuilt titles typically sell for less.
In short, these factors combine to create a broad price spread across trims and conditions in the used-car market.
Typical price ranges by condition and trim
The ranges below reflect common listings in the United States for a 2020 Explorer with typical mileage (roughly 40,000–80,000 miles) and current market conditions. Your local prices may vary based on mileage, location, and vehicle history.
- Base/entry trims (Explorer/XLT with standard equipment): about $20,000–$30,000.
- Mid-range trims (Limited, XLT with more features): about $25,000–$35,000.
- Sport/Performance trim (ST) and higher-end trims (Platinum): about $30,000–$40,000+, especially with low miles.
- Well-equipped or low-mileage examples across any trim: often trending toward the upper end of these ranges or higher in hot markets.
Keep in mind that dealer listings, private-party sales, and certified pre-owned programs can shift these ranges. Always compare multiple sources to gauge a fair price in your area.
How to shop smart: steps to get the price right
To arrive at a fair offer, follow a structured approach that uses data from multiple sources and a careful inspection.
- Define your target: decide which trim, engine, and features you want (e.g., AWD, safety tech, seating for seven).
- Check price guides: consult Kelley Blue Book (KBB) TMV, Edmunds True Market Value, and NADA Guides for regional pricing and typical trade-in values.
- Survey local listings: compare similar 2020 Explorers in your area—both dealer stock and private-party ads—to see the going rate.
- Get a vehicle history report: obtain a Carfax or AutoCheck to check for accidents, title issues, and service history.
- Arrange a pre-purchase inspection: have a trusted mechanic evaluate the vehicle, especially if buying from a private party.
- Plan financing and trade-in wisely: shop loan offers separately and use your vehicle as a bargaining lever if you have a trade-in.
- Negotiate with data in hand: use published prices, recent listing comparisons, and any needed repairs as leverage for a fair price.
Following these steps helps you base your offer on verifiable data rather than instinct, improving your odds of a solid deal.
What to watch for in a 2020 Explorer
While the 2020 Explorer is generally considered a solid mid-size SUV, it pays to verify a few specifics before you buy.
- History and recalls: confirm a clean title, check for open recalls, and review maintenance records.
- Drivetrain and transmission checks: ensure smooth shifting and no abnormal noises during test drives; AWD systems should engage without hesitation.
- Electrical and comfort systems: test infotainment, climate control, power accessories, and seating adjustments for proper operation.
- Wear items: inspect tires, brakes, suspension, and exterior/body condition for age-related wear.
- VIN-based checks: use a VIN check to verify mileage consistency and any reported title or odometer concerns.
Proper due diligence helps avoid common pitfalls and unexpected repair costs after purchase.
Summary
For a 2020 Ford Explorer, expect a used-car price range broadly from the low $20s up to around $40,000 depending on trim, mileage, and condition. Start with price guides (KBB, Edmunds, NADA), compare local listings, verify history, and have the vehicle evaluated by a mechanic before negotiating. A well-researched approach typically yields a fair deal with the right balance of features, mileage, and budget.
Bottom line: determine your desired trim and mileage, arm yourself with market data, and negotiate confidently. A careful shopper can secure a well-equipped Explorer that fits both your needs and your wallet.
