Used 2024 Ford Explorer for Sale nearThunder Bay, ON

How much does the 2024 Ford Explorer cost?

Prices have softened 17.09% compared to this time last year, making it a favourable time to shop this model year.

There are 423 listings available, which suggests you have a reasonable 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 mixed but still worthwhile option if you want a midsize SUV that leans more road-focused than its older reputation suggests. Its rear-wheel-drive bias, smooth refinement, and available three-row seating make it a practical fit for families, while the standard tech and driver-assistance features add everyday convenience. If you want a versatile SUV with broad trim and powertrain choice, it has clear appeal, though some desirable features are reserved for higher trims. The market shows 36.6% of listings as good or great deals, which gives you some room to shop selectively.

Is the 2024 Ford Explorer reliable?

The 2024 Ford Explorer is presented as a refined, well-equipped midsize SUV with a chassis that improves handling and smoothness over earlier versions. Its standard safety and convenience equipment, plus the broad powertrain range, point to a vehicle designed for everyday use rather than novelty. For used buyers, the main long-term ownership risk is that higher-trim features and option packages can make repairs and upkeep more expensive if you buy a more heavily equipped example.

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 expecting every listing to be a bargain.

• Deal availability: 36.6% of listings are priced as good or great deals.
• Inventory: There are 423 listings available.
• Price trend: Prices have softened 17.09% compared with last year.

If you find a listing below $43,439 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 $43,439 CAD sits slightly below last year's $52,390 CAD.

That drop suggests the market has already adjusted downward, which can help you buy at a more favourable entry point. For a future seller, it also means resale value may be more sensitive to trim, mileage, and condition than it was a year ago. If you keep the vehicle well maintained and choose a desirable configuration, you should be better positioned when it is time to sell.

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:

• 36.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 17.09% compared with last year.

Consider the 2025 if:

• At $52,697 CAD, the 2025 costs more than the current year's $43,439 CAD average.
• It adds updated infotainment, safety tech, and improved interior quality.

The bottom line:
The 2024 Ford Explorer is the better value if you want a lower entry price and are comfortable shopping carefully within a softer market. If you want the newer technology and cabin improvements, the 2025 is the stronger upgrade, but price-sensitive buyers should start with the 2024 and focus on well-priced listings first.

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