Used 2023 Ford Explorer for Sale nearGuelph, ON

How much does the 2023 Ford Explorer cost?

Prices have softened 13.67% compared to this time last year, making it a favourable time to shop this model year.

There are 454 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Ford Explorer a good car?

Yes — 4.8/5 is a strong user rating for the 2023 Ford Explorer, and it fits a midsize SUV that has moved into a more polished, more premium role. The rear-wheel-drive bias gives it better handling than previous Explorers without giving up smoothness, and the broad range of powertrains and trims makes it appealing if you want a family SUV with more driving engagement than average. It also brings a strong equipment list, including standard driver-assistance features, smartphone integration, and seating for up to seven.

With 29.1% of listings marked as good or great deals, you have a meaningful share of the market to shop from.

Is the 2023 Ford Explorer reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The 2023 Explorer’s overview points to a well-developed platform, broad equipment coverage, and a powertrain lineup that gives you flexibility rather than forcing a one-size-fits-all choice. Its main drawbacks are that some higher-level features require pricier trims and option packages, and the cabin still does not feel as premium as its price suggests.

For used buyers, the long-term ownership risk is more about trim complexity and feature content than a fundamental mismatch in the vehicle’s core design.

Is now a good time to buy a used 2023 Ford Explorer?

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile opportunities.

• Deal availability: 29.1% of listings are priced as good or great deals.
• Inventory: There are 454 listings available.
• Price trend: Prices have softened 13.67% compared with last year.

If you find a listing below $38,384 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Explorer's resale value?

The current average of $38,384 CAD sits slightly below last year's $44,463 CAD.

That kind of price movement suggests the market has already adjusted downward, which can help you buy with less risk of overpaying. For a future seller, it also means resale value may depend more on condition, trim, and equipment than on broad market momentum alone. If you keep the vehicle well maintained and choose a desirable configuration, you should be in a better position when it is time to sell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Explorer or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 29.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.67% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $35,416 CAD, the 2022 costs less than the current year's $38,384 CAD average.
• It offers a broad range of trims and a spacious, practical interior.

The bottom line: If you want the stronger current-market balance of price, inventory, and buyer confidence, the 2023 is the better default choice. If your priority is spending less up front, the 2022 is the more budget-friendly path and still gives you much of the Explorer’s core appeal.

How does the 2023 Ford Explorer compare to the 2023 Chevrolet Traverse?

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

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.