Used 2016 Ford Explorer for Sale nearLondon, ON

How much does the 2016 Ford Explorer cost?

Prices have softened 11.47% compared to this time last year, making it a favourable time to shop this model year.

There are 271 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Ford Explorer a good car?

Generally — the 4.26/5 user rating points to a model that many owners feel good about living with. Drivers consistently praise the spacious interior, smooth ride, and strong performance, and many also like the comfort and features, especially the handling and power of the Sport model. In practical terms, that makes it a strong fit if you want a roomy, family-focused midsize SUV with a comfortable ride and plenty of everyday utility. With 24.0% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2016 Ford Explorer reliable?

Owners rate it 4.26/5, a solid signal of long-term satisfaction.

The user feedback also points to a vehicle that many owners find dependable in day-to-day use, with comfort and performance standing out over time. At the same time, some drivers mention reliability and quality concerns, so you should pay close attention to maintenance history and how the vehicle has been cared for. For used buyers, that means the long-term ownership risk is manageable, but only if you choose carefully and inspect the vehicle thoroughly.

Is now a good time to buy a used 2016 Ford Explorer?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you’re patient and compare listings carefully.

• Deal availability: 24.0% of listings are priced as good or great deals.
• Inventory: There are 271 listings available.
• Price trend: Prices have softened 11.47% compared with last year.

If you find a listing below $14,757 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Ford Explorer's resale value?

The current average of $15,368 CAD sits slightly below last year's $17,360 CAD.

That softer pricing suggests the market has already adjusted downward, which can help you buy more affordably now but may also limit upside if you plan to resell soon. If you’re thinking about future value, the current trend means you should focus on condition, mileage, and service records, because well-kept examples will be easier to move later. A lower entry price can still make sense if you plan to keep the vehicle for several years and want to spread depreciation over more ownership time.

Vehicles with solid owner satisfaction ratings, like this model year's 4.26/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Ford Explorer or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 24.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 11.47% compared with last year.
• Owners rate it 4.26/5 — a solid satisfaction signal.

The bottom line: The 2016 is a sensible choice if you want a roomy, comfortable, family-friendly Explorer and you like the idea of buying into a market where prices have eased. If you’re more price-sensitive, you may want to compare nearby years and focus on whichever one gives you the best combination of condition, equipment, and asking price.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.