Used 2021 Ford Explorer for Sale nearPeterborough, ON

How much does the 2021 Ford Explorer cost?

Prices have softened 19.49% compared to this time last year, making it a favourable time to shop this model year.

There are 538 listings available, which gives you a solid amount of inventory to compare.

Is the 2021 Ford Explorer a good car?

Yes — the 2021 Ford Explorer earns a 5/5 user rating, which points to strong owner satisfaction.

Owners consistently praise its balance of performance, comfort, and luxury features, along with the spacious interior and high-tech equipment. It also fits well if you want a family-friendly three-row SUV that still feels engaging to drive, especially given its broader range of powertrains and useful everyday versatility.

With 32.5% of listings marked as good or great deals, you have a meaningful share of the market to shop from.

Is the 2021 Ford Explorer reliable?

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

The owner feedback also points to a dependable-feeling ownership experience, with praise for the Explorer’s comfort, performance, and feature set. Even so, the broader model line has had some reliability concerns, so used buyers should pay close attention to service history and how the vehicle has been maintained over time.

Is now a good time to buy a used 2021 Ford Explorer?

This is a moderate, selective buyer's market, so you can shop carefully and still find worthwhile listings.

• Deal availability: 32.5% of listings are priced as good or great deals.
• Inventory: There are 538 listings available.
• Price trend: Prices have softened 19.49% compared with last year.

If you find a listing below $29,919 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2021 Ford Explorer's resale value?

The current average of $29,919 CAD sits slightly below last year's $37,162 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favourable point in the cycle. For a future seller, that also means resale value may be more sensitive to condition, mileage, and trim choice than it would be in a rising market. Well-kept examples with desirable equipment should still hold buyer interest better than average.

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

Should I buy a 2021 Ford Explorer or consider a different year?

If you're weighing the 2021 against nearby model years, here's how to think about it:

Choose the 2021 if:

• 32.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 19.49% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2020 if:

• At $26,926 CAD, the 2020 costs less than the current year's $29,919 CAD average.
• It offers an all-new chassis with more technology and broader powertrain choice.

Consider the 2022 if:

• At $35,714 CAD, the 2022 costs more than the current year's $29,919 CAD average.
• It broadens trim and personality choices while keeping family usefulness front and centre.

The bottom line: The 2021 is the best all-around pick if you want a well-liked Explorer with strong owner satisfaction and a softer price than last year. If your priority is saving money, the 2020 is the better value path; if you want to spend more for a newer-feeling alternative, the 2022 is the natural step up.

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