Used 2016 Ford Explorer for Sale nearOakville, ON

How much does the 2016 Ford Explorer cost?

Prices have softened 13.21% compared to this time last year, making it a favourable time to shop this model year.

There are 276 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 2016 Ford Explorer earns 4.26/5, which points to solid owner satisfaction. Drivers consistently praise its spacious interior, smooth ride, and strong performance, and many also like its comfort and available features. It fits well if you want a roomy, family-focused midsize SUV with a practical everyday layout and a comfortable driving character. With 23.6% of listings marked as good or great deals, you 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 owner feedback points to a vehicle that many people find dependable enough for regular use, with comfort and performance standing out as repeat strengths. At the same time, some drivers mention reliability and quality concerns, so you should pay close attention to service records and the condition of any used example you consider. For long-term ownership, that means the risk is manageable if you choose carefully, but it is still worth being selective.

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 are patient and compare listings carefully.

• Deal availability: 23.6% of listings are priced as good or great deals.
• Inventory: There are 276 listings available.
• Price trend: Prices have softened 13.21% compared with last year.

If you find a listing below $14,756 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 $15,535 CAD sits slightly below last year's $17,901 CAD.

That price movement suggests the market has become more favourable for buyers, but it also means future sellers may need to price competitively to stand out. If you buy at today’s lower average, you may have less downside pressure than someone who bought when prices were higher. Strong demand for roomy, family-oriented SUVs can help support values, but the recent decline shows that resale strength depends on condition, mileage, and how well the vehicle is presented.

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:

• 23.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.21% compared with last year.
• Owners rate it 4.26/5 — a solid satisfaction signal.

The bottom line: If you want a roomy, family-friendly midsize SUV and you value today’s softer pricing, the 2016 is the better path to consider first. If you are especially price-sensitive, you should also compare nearby model years to see whether a lower asking price or a better-equipped example gives you more value for your budget.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.