Do Ford Explorers Hold Their Value? Find Out Today!
The Ford Explorer is a lot more than just an average SUV. It is a smart investment for those seeking a reliable, versatile, and stylish vehicle. Whether you’re in the market for a new ride or considering a pre-owned model, the Ford Explorer offers a combination of performance, comfort, and advanced features that continue to make it a top choice. Wondering why the Ford Explorer holds its value so well? Let’s break the Ford Explorer cost down and explore the benefits of owning one, whether you’re driving off the lot in a new model or selecting a high-quality pre-owned option. Visit Boulevard Ford of Millsboro today to explore other information regarding the Ford Explorer cost and take one for a test drive!
Ford Explorer Overview
The Ford Explorer is a midsize SUV that has been a popular choice for busy families and daring adventurers alike. With its spacious interior, advanced technology, and impressive performance, the Ford Explorer remains a top contender in its class. Whether you’re looking for a reliable SUV for daily driving or a capable vehicle for off-road excursions, the Ford Explorer is an excellent option. This versatile vehicle offers a range of trim levels, each packed with features designed to enhance your driving experience. From the base model to the higher-end Platinum trim, the Ford Explorer provides options for every need and budget. With its powerful engine choices, available all-wheel drive, and advanced safety features like Lane Keeping Assist, the Ford Explorer is built to handle any journey with confidence.
Unmatched Value with the Ford Explorer
The Ford Explorer stands out with its combination of luxury features and practical value. Starting at an affordable price of $48,000 to $51,000 for a new model, this midsize, Built Ford Tough® SUV packs a punch with its powerful engine options, advanced technology, and roomy interior. Over five years, the total cost of ownership, which includes depreciation, insurance, maintenance, and financing, can range from $59,000 to $75,000. But with its reliability and high resale value, it’s an investment that holds its ground.
Why the Ford Explorer Holds Its Value
When it comes to depreciation, the Ford Explorer resale value performs exceptionally well. While every vehicle experiences some depreciation over time, the Ford Explorer’s reputation for durability and performance ensures its resale value remains high. Its model year, trim level, and overall condition all play a role, but rest assured, this SUV is built to retain its value longer than most in its class.
Inside Ford Explorer Insurance Costs
One of the benefits of owning a Ford Explorer is that its insurance premiums are relatively affordable for an SUV. Over a five-year period, you can expect to pay between $4,000 and $11,000 for insurance, depending on your location, driving history, and coverage preferences. By shopping around for quotes, you can find the best deals to further maximize your investment in the Ford Explorer.
Low Ford Explorer Maintenance Costs for Long-Term Savings
Maintaining your Ford Explorer won’t break the bank, especially when you service your Ford Explorer at our trusted service center. The Ford Explorer maintenance and repair costs over five years typically range between $3,000 and $4,000. By staying on top of regular service appointments like oil changes, brake inspections, and tire rotations, you can keep your Ford Explorer running smoothly for years to come. Extended warranties are also available for added peace of mind, ensuring that unexpected repairs don’t disrupt your budget.
Consider a Pre-Owned Ford Explorer
Looking for a more budget-friendly option? Buying a used Ford Explorer is a great way to get more value for your money. With significant savings compared to a brand-new model, you can still enjoy the same high-quality experience without the initial depreciation hit. For added security, consider certified pre-owned Ford Explorer models, otherwise known as Ford Blue Advantage vehicles, which come with additional warranty coverage, inspection guarantees, and other perks. Shop our used inventory here!
Ford Explorer’s Resale Value is Unbeatable
The Ford Explorer’s resale value is one of the best in the SUV market. Its strong reputation for dependability, along with consistently high demand in the used car market, ensures it retains its value better than most competitors. Whether you’re purchasing a new or used model, the Ford Explorer is designed to hold its value long-term, making it an ideal choice for those who plan to trade it in or sell it down the road.
Financing a Ford Explorer: Secure the Best Rates
Financing your Ford Explorer is easy when you understand the market trends. While the Ford Explorer interest rates may fluctuate, with the right approach, you can lock in an excellent rate. Shop around, compare offers from different lenders, and consider getting pre-approved. A strong credit score can also help secure the best financing options, making your Ford Explorer even more affordable. Calculate your Ford Explorer monthly payment today to map out the costs.
The Ford Explorer vs. Other SUVs: Why It Wins
When compared to other midsize SUVs, the Ford Explorer holds its own with superior resale value. Factors like its lasting reliability, proven performance, and demand in the used car market all contribute to its strong resale value. It’s more than just a vehicle; it’s an investment that keeps giving back.
How to Choose the Perfect Ford Explorer
Choosing the perfect Ford Explorer is an exciting journey, and with the right approach, you can ensure it’s the perfect fit for your lifestyle. Start by researching the vehicle’s history, whether you’re considering a brand-new model or a pre-owned one. Be sure to check for accident reports and maintenance records to get a full picture of its background. Next, thoroughly inspect the vehicle and look for any signs of wear or damage that could impact your driving experience. When you’re ready, take it for a test drive to ensure the Ford Explorer meets your driving preferences and comfort needs. And most importantly, remember: if the vehicle doesn’t feel right, don’t hesitate to walk away and explore other options. Finding the right Ford Explorer means being confident that it’s the perfect match for you.
Start Your Journey with a Ford Explorer Today!
Now that you know all the great reasons why the Ford Explorer is an excellent choice, it’s time to take the next step. Browse our inventory of new and used Ford Explorers, and head to Boulevard Ford of Millsboro for a test drive! Get behind the wheel today and experience firsthand why this SUV is one of the best investments you can make!
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