Ford Explorer Depreciation

A Ford Explorer will depreciate 52% after 5 years and have a 5 year resale value of $21,053.

Drive a new Ford Explorer off the lot, and it will lose over a quarter of its value in the first two years. The Explorer has been a mainstay on the road for decades, and there are a ton of them in the marketplace. The healthy supply keeps a lid on resale values, as you can always find another one cheaper than the last. It's difficult to recommend a new Explorer from a value perspective, as their after-market prices don't keep pace with many of their peers.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $43,607 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Ford Explorer.

If you purchase a used Ford Explorer that is 2 years old, then you could save $13,784 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $8,770. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Explorer models become available.