Used Ford Explorer for Sale nearPeterborough, ON

How much does the Ford Explorer cost in today's market?

Used Ford Explorer prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Explorer's current nationwide average price is $32,457 CAD, and its lowest point over the past year was $32,199 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Ford Explorer a good car?

Yes — the Ford Explorer is a strong used pick if you want a spacious three-row SUV with broad capability and a long list of available features. The all-generations owner rating is 4.35/5 across every model year in the data.

Owners repeatedly praise the Explorer for its spacious interior, comfort, strong performance, and cargo room. Review summaries also point to its useful family-friendly layout, high-tech features, and versatile character as recurring strengths.

Expert reviews rate the 2025 and 2026 models among the highest across all years.

The main trade-offs in recent expert reviews centre on bland styling, a nondescript interior, and pricing that can climb quickly with options.

30.3% of listings are priced as good or great deals.

Are Ford Explorer models reliable?

Owners and experts consistently praise the Explorer for its spacious cabin, comfort, and strong performance, and those themes show up across multiple model years. The model also earns repeated credit for practicality and everyday usefulness, especially for families.

• Owners rate the Ford Explorer between 3.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by choosing a well-kept example with a clear service history, since some older model years carry more mixed reliability feedback than others.

What should I look for when buying a used Ford Explorer?

Key things to evaluate:

• Safety package: CoPilot 360+ on the 2026 Active model includes adaptive cruise control with stop-and-go and lane centring, automatic high beams, a blind-spot monitor with trailer coverage and safe exit assist, rear cross-traffic alert, lane departure warning, lane keep assist, forward collision warning, automatic emergency braking, rear parking sensors, rear cross traffic braking, post-collision braking, and traffic sign recognition.
• Infotainment: A 13.2-inch touchscreen and 12.3-inch digital instrument cluster are standard on all models, along with wireless Apple CarPlay and Android Auto connectivity, Google Maps, Google Play Store, and SiriusXM with 360L satellite radio.
• Fuel efficiency: The turbo-four engine returns a Natural Resources Canada-rated 10.4 litres per 100 kilometres combined (11.9 city; 8.7 highway), while V6 models are rated at 11.6 L/100 km combined (13.3 city; 9.6 highway).

Which Ford Explorer trim should I buy?

The 2026 Ford Explorer offers these trims:

• Active: The entry trim brings the CoPilot 360+ suite, the standard 2.3-litre turbocharged four-cylinder, and the new 13.2-inch touchscreen with wireless Apple CarPlay and Android Auto; it suits buyers who want the most affordable path into the lineup.
• ST-Line: This trim adds a more road-focused look with blacked-out exterior trim and bigger wheels on lower-profile tires, making it a good fit if style matters to you.
• Tremor: The Tremor adds all-terrain tires, a raised ride height, off-road lights in the grille, a Torsen limited-slip rear differential, an off-road drive mode, and steel skid plates; it is the best choice if you want the most off-road hardware.
• Platinum: The Platinum adds the most luxurious feel in the lineup, including leather upholstery and a more upscale cabin presentation.
• ST: The ST adds the twin-turbo 3.0-litre V6, sport-tuned suspension, and beefier brakes, making it the performance pick.

What Ford Explorer do most buyers choose?

The Ford Explorer years with the most listings are 2022, 2021, and 2023.

These higher-volume years tend to be popular because they give you a wider selection of trims, prices, and equipment levels to compare. They also sit in the part of the market where many shoppers can balance newer features with more accessible pricing.

What is the Ford Explorer's resale value?

Most model years in the table are down by double digits year over year, which is good news if you are shopping used and want more value for your money. The newer and pricier examples are also seeing meaningful price drops, so recent model years can be especially worth watching. A few older years are falling a bit less sharply, but the overall pattern still favours buyers.

The 2014, 2016, and 2025 model years have held their value best, with the smallest year-over-year price changes.

Is the Ford Explorer safe?

• 2026: 10/10
• 2025: 9/10
• 2022: 10/10
• 2020: 8/10

The 2026 Explorer includes the CoPilot 360+ suite on Active models, and higher trims add CoPilot 360 2.0 with a 360-degree camera system, predictive speed assist, and road-edge detection for lane keep assist.

For the safest used buy, the 2022 and 2026 models both post the highest confirmed score of 10/10.

Should I buy a used Ford Explorer now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −12.02% versus a year ago, and the 2024 model is at −17.09%.
• Deal availability: The 2024 model has 36.6% good and great deals.
• Sweet-spot year: The 2022 model has the most listings at a current average price of $35,714 CAD. The Ford Explorer offers a spacious three-row cabin that works well for families and everyday use.

Consider waiting if:

• Powertrain/efficiency: The standard 2.3-litre turbocharged four-cylinder engine produces 300 horsepower and 310 pound-feet of torque, while the twin-turbo 3.0-litre V6 produces 400 hp and 415 lb-ft of torque, and both engines come with a 10-speed automatic transmission and standard all-wheel drive (AWD) in Canada.
• Tech: A 13.2-inch touchscreen and 12.3-inch digital instrument cluster are standard on all models, along with wireless Apple CarPlay and Android Auto connectivity, Google Maps, Google Play Store, and SiriusXM with 360L satellite radio.
• Safety: BlueCruise is upgraded from version 1.2 to version 1.5 for 2026, adding automated lane change capability.
• Starting price: Pricing starts at $54,495 CAD for the most basic Active 100A spec.

If you're buying used today, the 2022 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

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