Ford Explorer Depreciation

A Ford Explorer will depreciate 56% after 5 years and have a 5 year resale value of $19,124.

Drive a new Ford Explorer off the lot, and it will lose over a quarter of its value in the first year alone.?After 4 years, it will lose half its value. It's difficult to recommend a new Explorer from a value perspective, as their after-market prices just keep falling and falling. While a good utilitarian SUV, the Explorer is not known for holding its value over the short term, or long term. If value retention is important to you, there are better options elsewhere.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $43,082 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 $13,205 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 $10,753. 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.