Used 2021 Ford Explorer for Sale nearScarborough, ON

How much does the 2021 Ford Explorer cost?

Prices have softened 20.99% compared to this time last year, making it a favourable time to shop this model year.

There are 540 listings available, which suggests a healthy 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 repeatedly 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 premium to drive and can still handle family duties. With 31.5% of listings marked as good or great deals, you have 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 the Explorer’s overall comfort, performance, and feature set. That said, the broader model line has had some reliability concerns, so used buyers should still pay close attention to service history and condition before committing to a purchase. For long-term ownership, a well-maintained example is the safer bet.

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 carefully and still find worthwhile options.

• Deal availability: 31.5% of listings are priced as good or great deals.
• Inventory: There are 540 listings available.
• Price trend: Prices have softened 20.99% compared with last year.

If you find a listing below $29,215 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 $29,215 CAD sits slightly below last year's $36,978 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently today. For a future seller, it also means resale value may depend more heavily on condition, mileage, and trim than on broad market momentum. Well-kept examples should still attract attention, especially if they offer the features and performance buyers want.

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:

• 31.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 20.99% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2020 if:

• At $26,914 CAD, the 2020 costs less than the current year's $29,215 CAD average.
• It adds an all-new chassis and more technology.

Consider the 2022 if:

• At $35,657 CAD, the 2022 costs more than the current year's $29,215 CAD average.
• It broadens trim choice and refines family-focused versatility.

The bottom line: The 2021 is the best all-around pick if you want a strong mix of owner satisfaction, pricing, and market availability. If your priority is spending less, the 2020 is the better value path; if you want to stretch for a newer-feeling option with more trim variety, the 2022 is worth a look.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.