What is the average cost of a Ford Explorer?
The Ford Explorer is one of the most popular midsize SUVs on the market, known for its versatility, comfort, and performance. Whether you're considering buying a new or used Ford Explorer, understanding the average cost can help you make an informed decision. In this article, we’ll break down the factors that influence the price of a Ford Explorer and provide an overview of what you can expect to pay.
Factors That Influence the Cost of a Ford Explorer
The price of a Ford Explorer can vary significantly depending on several factors. Here are the key elements that affect its cost:
- Model Year: Newer models typically cost more than older ones due to updated features, technology, and design improvements.
- Trim Level: The Ford Explorer comes in various trims, such as the base model, XLT, Limited, ST, and Platinum. Higher trims with more features and luxury options will have a higher price tag.
- Mileage (for Used Models): For pre-owned Explorers, the mileage plays a significant role in determining the price. Lower mileage vehicles are generally more expensive.
- Condition: The overall condition of the vehicle, including its maintenance history and any previous accidents, can impact the cost.
- Location: Prices can vary based on your geographic location due to demand, taxes, and dealership pricing strategies.
Average Cost of a New Ford Explorer
As of 2025, the average cost of a brand-new Ford Explorer ranges between $37,000 and $55,000, depending on the trim level and optional features. The base model starts at around $37,000, while the high-end Platinum trim can exceed $55,000 with additional packages and upgrades.
Average Cost of a Used Ford Explorer
For used Ford Explorers, the price varies widely based on the factors mentioned earlier. On average, you can expect to pay:
- 1-3 years old: $30,000 to $45,000
- 4-6 years old: $20,000 to $35,000
- 7+ years old: $10,000 to $20,000
Keep in mind that certified pre-owned (CPO) vehicles may cost more but often come with extended warranties and thorough inspections, providing added peace of mind.
Tips for Getting the Best Deal
Here are some tips to help you get the best value when purchasing a Ford Explorer:
- Research Prices: Use online tools and dealership websites to compare prices in your area.
- Consider Certified Pre-Owned: If you're buying used, a CPO vehicle can offer a good balance of cost and reliability.
- Negotiate: Don’t hesitate to negotiate with the dealer to get a better price or additional perks like free maintenance packages.
- Check for Incentives: Look for manufacturer rebates, dealer incentives, or financing offers that can lower the overall cost.
Conclusion
The Ford Explorer is a versatile and reliable SUV that offers great value for its price. Whether you’re buying new or used, understanding the factors that influence its cost and doing your research can help you make a smart purchase. At Kevin's Autos, we’re here to assist with all your car maintenance and repair needs, ensuring your Ford Explorer stays in top condition for years to come!
Frequently Asked Questions
What year Explorer to stay away from?
What Are the Least Reliable Ford Explorer Years? No generation in the history of the Ford Explorer was plagued with more problems than the third generation, specifically the 2002-2006 models.
What is the best year of Ford Explorer to buy?
2018 (Fifth Generation): For those wondering what the best year is to buy a used Ford Explorer, the 2018 and 2019 models are regarded as some of the best due to their advanced technology and dependability.
How much should I pay for a Ford Explorer?
The Manufacturer's Suggested Retail Price (MSRP) for the 2023 Ford Explorer starts at $38,355 for the Base base-level trim with destination fee and popular options.
What is the biggest problem with the Ford Explorer?
Transmission issues are among the most frequently reported problems with 2020-2023 Ford Explorers. These issues include harsh and jerky shifting, delayed gear engagement, and transmission slipping out of gear.
How much is a fully loaded 2024 Ford Explorer?
2024 Ford Explorer Pricing
The 2024 Ford Explorer has a starting sticker price of $38,455, with the range-topping Explorer Platinum kicking off at $56,365. But Kelley Blue Book Fair Purchase Pricing currently suggests paying $2,554 to $3,261 less than MSRP, depending on trim and equipment.
How long is a Ford Explorer expected to last?
80,000 miles to 200,000 miles
According to MotorBiscuit.com, the average Ford Explorer can last anywhere from 80,000 miles to 200,000 miles. SUV owners looking to surpass 200,000 miles will need to provide their vehicle with the proper care. This range could mean your vehicle lasts anywhere from 10 to 20 years.
Are Ford Explorers worth the money?
Our editors have praised the current-generation Explorer for its powerful engines, generous cargo space and standard safety features. However, its subpar interior materials don't often match up to its price tag, which can get into luxury SUV territory on higher trim levels.
Do Ford Explorers hold their value?
A 2021 Ford Explorer has depreciated $16,755 or 47% in the last 3 years and has a current resale value of $18,720 and trade-in value of $15,194. A 2021 Ford Explorer has depreciated $16,755 or 47% in the last 3 years and has a current resale value of $18,720 and trade-in value of $15,194.
Which Ford Explorer is the best model?
Which Ford Explorer trim level is the best? The highest trim level in the 2024 Ford Explorer lineup is the Ford Explorer Platinum. This trim level comes with the most luxurious features, like leather upholstery with tri-diamond perforated inserts, an available twin-panel moonroof, and a premium 12-speaker audio system.
What are the cons of the Ford Explorer?
Large SUVs like the Ford Explorer offer numerous benefits, including spacious interiors, towing capabilities, and off-road prowess. However, they also come with drawbacks such as reduced fuel efficiency, maneuverability challenges, and higher costs.
