Used 2018 Ford Explorer for Sale nearPeterborough, ON

How much does the 2018 Ford Explorer cost?

Prices have softened 18.25% compared to this time last year, making it a favourable time to shop this model year.

There are 340 listings available, which gives you a decent amount of inventory to compare before you buy.

Is the 2018 Ford Explorer a good car?

Yes — the 4.74/5 user rating points to strong owner satisfaction. Drivers consistently praise the spacious interior, comfortable ride, and strong performance, and many also like the extra features such as heated seats and a sunroof. For you, that makes this a sensible pick if you want a roomy, family-friendly midsize SUV with useful equipment and a more composed on-road feel than older Explorers. With 31.2% of listings marked as good or great deals, there is still enough market activity to help you shop selectively.

Is the 2018 Ford Explorer reliable?

Owners rate it 4.74/5, a strong signal of long-term satisfaction.

The owner feedback points to a vehicle that many drivers find dependable and trouble-free in day-to-day use, with enough comfort and capability to make it easy to count on for family duties. The positive comments about long-term satisfaction are encouraging if you plan to keep the SUV for several years. For used buyers, the main ownership risk is that condition can vary widely by mileage and maintenance history, so a careful inspection matters.

Is now a good time to buy a used 2018 Ford Explorer?

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly when a strong listing appears.

• Deal availability: 31.2% of listings are priced as good or great deals.
• Inventory: There are 340 listings available.
• Price trend: Prices have softened 18.25% compared with last year.

If you find a listing below $18,203 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2018 Ford Explorer's resale value?

The current average of $18,298 CAD sits slightly below last year's $22,383 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favourable point in the cycle. If you plan to sell later, the softer current pricing means your future resale value will depend heavily on how well your vehicle is maintained and how desirable its trim and equipment are. A well-kept example should still attract interest because this model year remains appealing to family buyers looking for space and comfort.

Vehicles with strong owner satisfaction ratings, like this model year's 4.74/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2018 Ford Explorer or consider a different year?

If you're weighing the 2018 against nearby model years, here's how to think about it:

Choose the 2018 if:

• 31.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.25% compared with last year.
• Owners rate it 4.74/5 — a strong satisfaction signal.

The bottom line: If you want a roomy, well-liked midsize SUV with strong owner approval and a softer used-market price, the 2018 is the primary year to target. If you are especially price-sensitive, you can also compare nearby years to see whether a lower-priced listing offers similar equipment and condition, but the 2018 remains a strong starting point for most shoppers.

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