Used 2024 Ford Explorer for Sale nearPeterborough, ON

How much does the 2024 Ford Explorer cost?

Prices have softened 15.40% compared to this time last year, making it a favourable time to shop this model year.

There are 398 listings available, which suggests you have a solid amount of inventory to compare.

Is the 2024 Ford Explorer a good car?

With a 3/5 user rating, the 2024 Ford Explorer looks like a practical three-row SUV that has moved well beyond its rugged origins and into a more premium, road-focused role. Its rear-wheel-drive bias gives it better handling than previous Explorers without giving up smoothness, and it still keeps the versatile seating and family-friendly layout that many shoppers want.

You also get a strong mix of equipment, including standard Apple CarPlay, Android Auto, at least four USB ports, and available features such as adaptive cruise control, lane centring, evasive steering assist, panoramic twin-panel moonroofs, and Bang & Olufsen audio. For shoppers who want a three-row SUV that is more engaging to drive than many rivals, it fits the brief well.

34.4% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2024 Ford Explorer reliable?

The 2024 Ford Explorer is described as better in reliability than its predecessors, and it benefits from a platform and layout that have helped it mature into a more polished SUV. It also avoids some of the rougher edges associated with earlier Explorers, while still offering the same practical three-row packaging.

That said, some desirable features are reserved for higher trims, and used buyers should still pay close attention to maintenance history and equipment operation before committing to a purchase.

Is now a good time to buy a used 2024 Ford Explorer?

This looks like a moderate buyer’s market, so you can be selective without waiting forever for the perfect deal.

• Deal availability: 34.4% of listings are priced as good or great deals.
• Inventory: There are 398 listings available.
• Price trend: Prices have softened 15.40% compared with last year.

If you find a listing below $42,837 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Ford Explorer's resale value?

The current average of $42,837 CAD sits slightly below last year's $50,635 CAD.

That price movement suggests the Explorer has become more affordable for used buyers, but it also means future sellers may face more competition when they go to list theirs. If you buy near the current average, you may have less downside risk than someone who paid closer to last year’s pricing. A well-kept example should still hold appeal because the model remains practical and broadly desirable.

Should I buy a 2024 Ford Explorer or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 34.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 15.40% compared with last year.

Consider the 2025 if:

• At $51,705 CAD, the 2025 costs more than the current year's $42,837 CAD average.
• It adds updated infotainment, improved interior quality, and a simplified trim lineup.

The bottom line: The 2024 is the better value play if you want a capable three-row SUV at a lower used price, while the 2025 makes sense if you want the newer tech and are willing to pay more. If price matters most, the 2024 is the smarter starting point; if you want the freshest version, move up to the 2025.

How does the 2024 Ford Explorer compare to the 2024 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.