Whats the blue book value of a 2004 Ford Expedition?
When it comes to buying or selling a used vehicle, understanding its market value is crucial. The "Blue Book Value" is a term often used to describe the estimated worth of a car based on factors like its condition, mileage, and market demand. In this article, we’ll explore what the Blue Book Value is, how it applies to a 2004 Ford Expedition, and how you can determine the most accurate value for your vehicle.
What Is the Blue Book Value?
The Blue Book Value refers to the pricing information provided by Kelley Blue Book (KBB), a trusted resource for determining the value of new and used vehicles. This value is calculated based on a variety of factors, including:
- The vehicle's make, model, and year
- Its mileage and overall condition
- Market trends and demand for that specific vehicle
- Optional features and upgrades
- Geographic location
By considering these factors, Kelley Blue Book provides a range of values, including trade-in value, private party value, and dealer retail value.
How to Determine the Blue Book Value of a 2004 Ford Expedition
To find the Blue Book Value of a 2004 Ford Expedition, you can follow these steps:
- Visit the Kelley Blue Book website or use their mobile app.
- Enter the vehicle's details, including its make (Ford), model (Expedition), year (2004), and trim level (e.g., XLT, Eddie Bauer, etc.).
- Provide information about the vehicle's mileage, condition (e.g., excellent, good, fair), and any additional features or upgrades.
- Specify your location, as market values can vary by region.
- Review the results, which will include trade-in, private party, and dealer retail values.
These steps will give you a clear understanding of the vehicle's worth in today’s market. Keep in mind that the condition of the car plays a significant role in determining its value.
Factors That Influence the Value of a 2004 Ford Expedition
Several factors can impact the Blue Book Value of a 2004 Ford Expedition:
- Condition: A well-maintained vehicle with minimal wear and tear will have a higher value.
- Mileage: Lower mileage typically increases a vehicle's worth.
- Trim Level: Higher trims with additional features, such as leather seats or advanced audio systems, are valued more.
- Market Demand: If SUVs like the Ford Expedition are in high demand, the value may be higher.
- Accident History: A clean accident history can positively influence the value.
By addressing these factors, you can ensure you’re getting the most accurate valuation for your 2004 Ford Expedition.
Conclusion
Determining the Blue Book Value of a 2004 Ford Expedition is a straightforward process that can help you make informed decisions when buying or selling. By using resources like Kelley Blue Book and considering factors such as condition, mileage, and market trends, you can confidently assess the vehicle's worth. Whether you’re trading it in, selling it privately, or purchasing one, understanding its value is key to a fair transaction.
Frequently Asked Questions
What is the value of a 2004 Ford?
2004 Ford F150 (Heritage) Regular Cab Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| F150 (Heritage) Regular Cab | $4,389 - $23,396 | $3,807 - $4,978 |
| F150 Regular Cab | $5,233 - $9,518 | $4,803 - $6,364 |
| F150 (Heritage) Super Cab | $5,704 - $6,269 | $4,704 - $5,269 |
| F150 Super Cab | $5,913 - $7,718 | $5,374 - $6,330 |
How much can I get for my Ford Expedition?
6Edmunds Appraisal Report
2022 Ford Expedition trade-in prices range from $31,928 - $57,646. Get a more accurate value for your car with the Edmunds appraisal tool.
What is Ford's book value?
Ford Motor Co's current price is $10.08. Its book value per share for the quarter that ended in Sep. 2024 was $11.15. Hence, today's PB Ratio of Ford Motor Co is 0.90.
Do expeditions hold their value?
A 2021 Ford Expedition has depreciated $23,772 or 46% in the last 3 years and has a current resale value of $27,794 and trade-in value of $24,350. The 2021 Ford Expedition is in the 75-100% percentile for depreciation among all 2021 SUVs.
How much does a used Expedition cost?
Used Ford Expedition Pricing
Older models (2010–2017): $15,000 – $35,000. Recent models (2018–2021): $30,000 – $50,000. Top trims & limited editions: Up to $60,000.
What is high mileage for a Ford Expedition?
We discussed the general range of the lifespan for the Ford Expedition, which is around 150,000-300,000. Based on those numbers, anything above 200,000 miles is high mileage for a Ford Expedition. Once the car hits that number, there is a much higher chance your car will require expensive repairs.
What's a 2004 Ford Expedition worth?
A 2004 Ford Expedition has depreciated $956 or 31% in the last 3 years and has a current resale value of $2,109 and trade-in value of $370.
How many miles will a Ford Expedition last?
We discussed the general range of the lifespan for the Ford Expedition, which is around 150,000-300,000. Based on those numbers, anything above 200,000 miles is high mileage for a Ford Expedition. Once the car hits that number, there is a much higher chance your car will require expensive repairs.
How many miles is a 2004 Ford Expedition good for?
Drivers report a minimum mileage of 200,000 miles, with 250,000 being the typical life expectancy of a 2004 Expedition. As with any used vehicle, it all comes down to how well the previous driver maintained it, but if you're buying one that's already passed 125,000, then 250,000 isn't unrealistic.
Does a Ford Expedition hold its value?
A 2021 Ford Expedition has depreciated $23,772 or 46% in the last 3 years and has a current resale value of $27,794 and trade-in value of $24,350. The 2021 Ford Expedition is in the 75-100% percentile for depreciation among all 2021 SUVs.
