Used 2016 Ford Explorer for Sale nearWaterloo, ON

How much does the 2016 Ford Explorer cost?

Prices have softened 7.42% compared to this time last year, making it a favourable time to shop this model year.

There are 265 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2016 Ford Explorer a good car?

Generally — the 2016 Ford Explorer earns a 4.3/5 user rating, which points to solid owner satisfaction. Drivers commonly praise its spacious interior, smooth ride, and strong performance, and many also like the comfort and features, especially the handling and power of the Sport model. For you, that makes it a sensible pick if you want a roomy, family-focused midsize SUV with broad everyday versatility and available comfort features. With 25.7% of listings marked as good or great deals, there is still some attractive market availability if you shop carefully.

Is the 2016 Ford Explorer reliable?

Owners rate it 4.3/5, a solid signal of long-term satisfaction.

User feedback also points to a vehicle that many owners find dependable enough for regular use, with comfort and practicality 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 condition when shopping used. For long-term ownership, that means the safest approach is to prioritise well-documented examples and avoid neglected vehicles.

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 closely.

• Deal availability: 25.7% of listings are priced as good or great deals.
• Inventory: There are 265 listings available.
• Price trend: Prices have softened 7.42% compared with last year.

If you find a listing below $14,762 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 $15,231 CAD sits slightly below last year's $16,453 CAD.

That softer pricing suggests the model has become more accessible for used buyers, but it also means future sellers may face some pressure if the market stays competitive. If you buy now, your resale outlook will depend heavily on condition, mileage, and how well the vehicle has been maintained. A clean, well-kept example should still hold appeal because shoppers continue to value the Explorer’s space and family-friendly layout.

Vehicles with solid owner satisfaction ratings, like this model year's 4.3/5, 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:

• 25.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.42% compared with last year.
• Owners rate it 4.3/5 — a solid satisfaction signal.

The bottom line: The 2016 is a strong choice if you want a roomy, family-focused Explorer with a softer used price and decent deal availability. If you’re more price-sensitive, a nearby year may be worth comparing, but the 2016 remains a practical path when you want a balance of value, space, and owner satisfaction.

How does the 2016 Ford Explorer compare to the 2016 Chevrolet Traverse?

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.