Used 2021 Ford Explorer for Sale nearPeterborough, ON

How much does the 2021 Ford Explorer cost?

Prices have softened 21.10% compared to this time last year, making it a favourable time to shop this model year.

There are 522 listings available, which suggests you should have a reasonable 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 three-row SUV that feels more polished and engaging to drive than older Explorer generations. The current market also shows 31.8% of listings as good or great deals, which gives you some room to shop selectively.

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 ownership experience, with praise for its trouble-free feel, comfort, and the confidence that comes from a well-liked family SUV. That said, used buyers should still be selective, since early examples of this generation had some gremlins and you’ll want to verify maintenance history carefully before committing to long-term ownership.

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

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 31.8% of listings are priced as good or great deals.
• Inventory: There are 522 listings available.
• Price trend: Prices have softened 21.10% compared with last year.

If you find a listing below $28,611 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 $28,611 CAD sits slightly below last year's $36,262 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently today but may limit upside if you plan to resell soon. If you purchase at the current average or above, future depreciation could continue to work against you unless the vehicle is especially well equipped or exceptionally clean. Strong demand from satisfied owners can still support resale performance over time.

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:

• 31.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 21.10% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2020 if:

• At $26,662 CAD, the 2020 costs less than the current year's $28,611 CAD average.
• It brings an all-new chassis and more technology.

Consider the 2022 if:

• At $34,780 CAD, the 2022 costs more than the current year's $28,611 CAD average.
• It adds ST-Line and Timberline trims for broader appeal.

The bottom line: The 2021 is the best all-around pick if you want strong owner satisfaction and a softer price than last year. If your priority is saving money, the 2020 is the better value play; if you want newer trim choices and can spend more, the 2022 is the step-up option.

How does the 2021 Ford Explorer compare to the 2021 Chevrolet Traverse?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.