What is a 2002 Ford Escape worth?
The 2002 Ford Escape is a compact SUV that has garnered attention for its versatility and practicality. As we delve into its current market value, several factors come into play, including condition, mileage, location, and market demand. This article aims to provide a comprehensive overview of what you can expect when considering the worth of a 2002 Ford Escape in today's automotive market.
Factors Influencing the Value
When determining the value of a 2002 Ford Escape, several key factors should be considered:
- Condition: The overall condition of the vehicle, including both mechanical and cosmetic aspects, plays a significant role in its value. A well-maintained Escape will fetch a higher price.
- Mileage: Lower mileage typically increases a vehicle's worth. A 2002 model with significantly lower miles than average will be more desirable.
- Location: The geographical area can affect pricing due to local demand and supply. Urban areas may have different pricing dynamics compared to rural locations.
- Market Demand: The popularity of the Ford Escape in the used car market can fluctuate, impacting its resale value.
- Trim Level: Different trims (such as XLS, XLT, or Limited) come with varying features and options, which can influence the price.
Current Market Value
As of February 2025, the estimated market value for a 2002 Ford Escape generally ranges from:
- $2,000 to $5,000 for models in fair condition with higher mileage.
- $5,000 to $7,000 for well-maintained models with lower mileage and in good condition.
- $7,000 and above for exceptional models with low mileage and comprehensive service records.
These values can vary based on the factors mentioned earlier, and it's advisable to check local listings or consult with a trusted auto service provider for a more accurate assessment.
Conclusion
The 2002 Ford Escape remains a practical choice for many drivers, and understanding its market value can help you make informed decisions whether you are buying or selling. Always consider getting a professional appraisal to ensure you are aware of the vehicle's true worth in the current market.
Frequently Asked Questions
What is a used Ford Escape worth?
Prices for a used Ford Escape currently range from $1,900 to $75,000, with vehicle mileage ranging from 5 to 315,000. Find used Ford Escape inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.
What is the fair market value of a Ford Escape?
driven per year, with no color or options selected. 2023 Ford Escape trade-in prices range from $16,123 - $27,171. Get a more accurate value for your car with the Edmunds appraisal tool.
What is a used Ford Escape worth today?
Prices for a used Ford Escape currently range from $1,900 to $75,000, with vehicle mileage ranging from 5 to 315,000. Find used Ford Escape inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.
Does the Ford Escape have a good resale value?
On average, a Ford Escape will depreciate by about 48% after five years, according to Car Edge reports. This means that a vehicle initially priced around $34,600 will have a resale value of approximately $18,007 after five years of ownership.
How long should a Ford Escape engine last?
On average, a Ford Escape can last anywhere from 150,000 to 200,000 miles or about 10-15 years with the proper care. Of course, this varies depending on factors like maintenance, driving habits, and climate.
How many miles will a 2002 Ford Escape last?
Ford Escape Lifespan
With proper care and maintenance, a Ford Escape can easily surpass the 200,000-mile mark. Some owners have even reported driving their Escapes well beyond 300,000 miles.
What are the bad years of the Ford Escape?
The 2005, 2008, 2009, 2013, and 2014 models should be avoided, while other years are considered strong choices. Overall, the Ford Escape has been a successful model for Ford, with over 5 million units sold. As one of the most popular compact crossover SUVs around, the Ford Escape is very important to Ford.
What year was the Ford Escape bad?
The 2013 and 2014 Ford Escape, more generally, have had the toughest time of it all. The former, in fact, is designated "Avoid like the plague" by CarComplaints.com, having generated over 3,000 driver complaints to the US transportation regulator (NHTSA). Cases of engine failure, stalling and fire are legion.
What are common problems in a 2002 Ford Escape?
Top 2002 Ford Escape Problems
- Ignition Misfires. 436 people have reported this.
- Check Engine Light and Hesitation or Stumbling While Driving. 391 people have reported this.
- Internal Transfer Case Problem on the 4WD models. 218 people have reported this.
- Inactive-Merged-Failure of EGR Differential Pressure Sensor.
What is the fair market value of a 2002 Ford Escape?
A 2002 Ford Escape XLT Sport Utility 4D has depreciated $237 or 9% in the last 3 years and has a current resale value of $2,235 and trade-in value of $739.
