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What should I pay for a 2023 Ford Explorer XLT?

When it comes to purchasing a 2023 Ford Explorer XLT, the price you should pay can vary depending on several factors. The recommended price range for this model can help you make an informed decision and ensure you get a fair deal.


Factors Affecting the Price of a 2023 Ford Explorer XLT


The price of a 2023 Ford Explorer XLT can be influenced by the following factors:



  • Trim Level: The Explorer XLT is one of the mid-range trim levels, with higher-end options like the Explorer Platinum and Explorer ST commanding higher prices.

  • Mileage and Condition: The price can vary significantly based on the vehicle's mileage and overall condition, with lower-mileage and well-maintained models typically costing more.

  • Location and Dealer: Prices can also differ based on the geographic region and the specific dealership, with some areas and dealers offering more competitive pricing.

  • Incentives and Rebates: Ford may offer various incentives, rebates, or financing options that can affect the final price you pay for the vehicle.


By considering these factors, you can better understand the range of prices you should expect to pay for a 2023 Ford Explorer XLT.


Recommended Price Range for a 2023 Ford Explorer XLT


According to the latest market data, the recommended price range for a 2023 Ford Explorer XLT is typically between $40,000 and $50,000. This range takes into account the average MSRP (Manufacturer's Suggested Retail Price) for the XLT trim, as well as typical dealer markups and any available incentives or discounts.


It's important to note that the actual price you pay may be on the lower or higher end of this range, depending on the specific factors mentioned earlier. It's always a good idea to research prices at multiple dealerships, negotiate, and be aware of any special offers or financing options that can help you get the best deal.

What is included in the Ford Explorer XLT package?


Other upgrades on the new 2024 Ford Explorer XLT package include first-row heated seats, a leather-wrapped steering wheel, power driver and front passenger seats, and Intelligent Access with Push-Button Start.



Is the Ford Explorer XLT a reliable car?


Experts also agree. The latest 2021 Ford Explorers have received a reliability rating of "Great" from JD Power and Associates in their Vehicle Dependability Studies. For the 2021 model year, ownership satisfaction skyrockets, with 96% of Ford Explorer owners recommending it according to cars.com.



What does the Ford XLT package include?


Have you been wondering, "What does XLT mean on Ford?" We're here to tell you. The Ford XLT meaning is "Extra Luxurious Truck." The F-150 XLT sits above the XL and STX trims and boasts upgrades like running boards, a leather-wrapped steering wheel, Pro Trailer Backup Assist, remote keyless entry, and more.



What is considered high mileage for a Ford Explorer?


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.



Which is better, Explorer XLT or Limited?


The Limited is a higher trim level in the lineup than the Ford Explorer XLT, which is the second trim level available on the trim level ladder. While the XLT has some compelling features, like ActiveX seating material and 18-inch wheels, the Limited trim level delivers more.



What year is the most reliable Ford Explorer XLT?


What Are the Most Reliable Ford Explorer Years?

  • 1993. The 1993 Ford Explorer was the model's first generation and featured a straightforward design.
  • 2010 and 2011. The 2010 Ford Explorer improved on older designs and flaws by overhauling the powertrain and improving the build quality.
  • 2012.
  • 2019.



What should I pay for a 2024 Ford Explorer XLT?


2024 Ford Explorer Pricing

MSRPKBB Fair Purchase Price (national avg.)
XLT$40,265$37,696
ST-Line$48,050$44,941
Limited$49,115$46,384
Timberline$51,025$48,080



What are the cons of the Ford Explorer?


The Explorer has a spacious cabin and is relatively agile among three-row midsized SUVs, but the driving experience is marred by a rather clunky transmission, noisy standard engine, and stiff-edged ride. Most versions use the base 2.3-liter turbocharged four-cylinder engine, which is energetic but sounds raspy.



How much should I pay for a 2023 Ford Explorer?


2023 Ford Explorer Pricing

Original MSRPKBB Fair Purchase Price (national avg.)
ST-Line Sport Utility 4D$49,600$35,373
Limited Sport Utility 4D$50,665$35,070
Timberline Sport Utility 4D$51,575$37,202
ST Sport Utility 4D$53,600$42,292


Kevin's Auto

Kevin Bennett

Company Owner

Kevin Bennet is the founder and owner of Kevin's Autos, a leading automotive service provider in Australia. With a deep commitment to customer satisfaction and years of industry expertise, Kevin uses his blog to answer the most common questions posed by his customers. From maintenance tips to troubleshooting advice, Kevin's articles are designed to empower drivers with the knowledge they need to keep their vehicles running smoothly and safely.