Used 2024 Ford Explorer for SaleNationwide

How much does the 2024 Ford Explorer cost?

Prices have softened 17.72% compared to this time last year, making it a favourable time to shop this model year.

There are 417 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 worthwhile option if you value its strengths more than its compromises. It stands out as a midsize SUV that has moved toward a more premium, road-focused feel, with better handling than earlier Explorers and a practical three-row layout.

Key things to evaluate: It offers broad powertrain choice, useful standard equipment, and seating for up to seven passengers or six with captain’s chairs. At the same time, some desirable features are reserved for higher trims or option packages, and the cabin still does not feel as premium as its price suggests.

With 33.6% of listings marked as good or great deals, the market gives you some room to find a strong-value example.

Is the 2024 Ford Explorer reliable?

The 2024 Ford Explorer is presented as a well-equipped, practical midsize SUV with a road-focused chassis and a broad trim and powertrain mix. Its standard driver-assistance features, connectivity, and family-friendly seating flexibility support everyday usability.

For used buyers, the main long-term ownership risk is that higher-trim features and option content can make it harder to find the exact configuration you want without stretching your budget.

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

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

• Deal availability: 33.6% of listings are priced as good or great deals.
• Inventory: There are 417 listings available.
• Price trend: Prices have softened 17.72% compared with last year.

If you find a listing below $43,548 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 $43,548 CAD sits slightly below last year's $52,924 CAD.

That drop suggests the market has already adjusted downward, which can help you buy with more confidence today. For a future seller, it also means resale value may depend heavily on condition, mileage, and trim desirability. If you keep the vehicle well maintained and choose a sought-after configuration, you should be in a better position 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:

• 33.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 17.72% compared with last year.

Consider the 2025 if:

• At $52,787 CAD, the 2025 costs more than the current year's $43,548 CAD average.
• It adds updated infotainment, improved interior quality, and bolder styling.

The bottom line: The 2024 is the better primary pick if you want a lower entry price and a market that has already softened. If you can stretch your budget and want the newer model’s upgrades, the 2025 is the stronger alternative; price-sensitive buyers should stay focused on the 2024.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.