Used 2016 Ford Explorer for Sale nearYork, ON

How much does the 2016 Ford Explorer cost?

Prices have softened 8.35% compared to this time last year, making it a favourable time to shop this model year.

There are 263 listings available, which gives you a reasonable amount of inventory to compare.

Is the 2016 Ford Explorer a good car?

Generally — the 4.26/5 user rating suggests you’re looking at a well-liked SUV. Drivers most often praise the spacious interior, smooth ride, and strong performance, and many also appreciate the comfort and features, especially the handling and power of the Sport model. For you, that makes it a sensible fit if you want a roomy, family-focused midsize SUV with broad everyday versatility and available comfort features. With 27.4% of listings marked as good or great deals, there’s also a decent chance of finding a competitively priced example.

Is the 2016 Ford Explorer reliable?

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

The user feedback points to a vehicle that can feel dependable in daily use, with owners highlighting its comfort and overall drivability. At the same time, some drivers mention reliability and quality concerns, so you should pay close attention to maintenance history and any signs of deferred upkeep. For used buyers, that means long-term ownership risk is manageable, but only if you choose carefully and verify the vehicle’s condition.

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 patiently and still find worthwhile options.

• Deal availability: 27.4% of listings are priced as good or great deals.
• Inventory: There are 263 listings available.
• Price trend: Prices have softened 8.35% 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 $15,432 CAD sits slightly below last year's $16,838 CAD.

That price movement suggests the market has already adjusted downward, which can make the Explorer easier to buy now but may also limit upside if you’re planning to resell soon. If you purchase at the right price, you reduce the risk of taking a bigger depreciation hit later. The current spread between the low and high of the year-round range also shows there’s room for value shopping if you compare listings carefully.

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:

• 27.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 8.35% compared with last year.
• Owners rate it 4.26/5 — a solid satisfaction signal.

The bottom line: If you want a roomy, family-friendly SUV and you’re focused on value, the 2016 is a reasonable year to target, especially if you can find one near the lower end of the price range. If you’re more price-sensitive, you may want to compare nearby model years and choose whichever one gives you the best combination of condition, equipment, and asking price.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.