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How much does a Ford Explorer depreciate in value?
I’m looking to sell my Ford Explorer. I’ve had it for five years and it’s in great condition. How much can I expect that it’s depreciated in value since I bought it?
Jacqulyn Graber · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A Ford Explorer will depreciate an estimated 37% in value after 5 years of ownership.
While all vehicles depreciate in value the moment you drive them off your dealership’s lot, the Explorer’s depreciation rate is quite high. In fact, a new Ford Explorer will lose over a quarter of its original value in the first two years alone!
One explanation is how popular Explorers are. There are a ton of them on the marketplace, which means they’re not hard to find.
If you purchase a brand-new Ford Explorer for $49,132, it will depreciate an estimated $18,262 over five years, maintaining a resale value of $30,870.
Keep in mind that these depreciation estimates are based on Explorers in great condition which accumulate an average of 12,000 miles annually.
One way to offset your depreciation is to lower your
Ford Explorer insurance cost
, which you can do so in an instant with a little help from the Jerry
app. Signing up is free and takes about 45 seconds!As a
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