New Ford Explorer for Sale nearLeamington, 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 $32,535 CAD, and its lowest point over the past year was $32,233 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 roomy three-row SUV with broad appeal and a long track record.

The all-generations owner rating is 4.35/5 across every model year in the data.

Owners consistently praise the Explorer for its spacious interior, comfort, and strong performance. They also frequently highlight its practical cargo space and family-friendly versatility, along with the available technology and powertrain choices that help it suit different needs.

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

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

30.5% of listings are priced as good or great deals.

Are Ford Explorer models reliable?

Owners and experts consistently point to the Explorer’s comfort, space, and everyday practicality as major strengths. The model’s broad appeal comes from its roomy cabin, family-friendly layout, and the way it blends useful capability with a comfortable driving experience.

• 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-maintained example and reviewing service history carefully, especially on higher-mileage vehicles.

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

Key things to evaluate:

• Fuel efficiency: The 2026 Explorer’s turbo-four returns 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 base model includes the CoPilot 360+ suite, a 13.2-inch touchscreen, a 12.3-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, Google Maps, Google Play Store, SiriusXM with 360L, and standard all-wheel drive in Canada. It suits buyers who want the core Explorer experience with strong standard equipment.
• ST-Line: This trim adds a more road-focused look with blacked-out exterior trim and bigger wheels on lower-profile tires, while keeping the same core tech and safety foundation. It suits shoppers who want a sportier appearance without moving up to the performance model.
• Tremor: The Tremor adds all-terrain tires, a raised ride height, off-road lights in the grille, 22 centimetres of ground clearance, a Torsen limited-slip rear differential, an off-road drive mode, and steel skid plates. It is the best-value trim for buyers who want the Explorer’s most rugged hardware.
• Platinum: The Platinum adds the most luxurious presentation in the lineup, including leather upholstery and a more upscale cabin feel. It suits buyers who want the most premium Explorer experience.
• ST: The ST adds the twin-turbo 3.0-litre V6, sport-tuned suspension, and beefier brakes, making it the performance choice in the range. It suits buyers who want the strongest on-road performance.

What Ford Explorer do most buyers choose?

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

These higher-volume years tend to be popular because they give you a strong mix of availability, newer features, and a wide spread of prices. More listings also usually mean more chances to compare trims, mileage, and condition before you buy.

What is the Ford Explorer's resale value?

Most Explorer model years are down by double digits year over year, which is good news if you’re shopping used. The newer years are also seeing meaningful price drops, so you can often step into a more recent model without paying close to original asking levels. The smallest changes are concentrated in the oldest years listed, which suggests those examples have already absorbed much of their value loss.

The 2015, 2016, and 2014 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, with adaptive cruise control, lane centring, blind-spot monitoring, rear cross-traffic alert, lane keep assist, forward collision warning, automatic emergency braking, and more.

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 −13.9% versus a year ago, and the 2024 model is at −15.96%.
• Deal availability: The 2024 model has 33.2% good and great deals.
• Sweet-spot year: The 2021 model has the most listings at a current average price of $29,443 CAD. The Ford Explorer offers a roomy, family-friendly cabin that makes it easy to live with every day.

Consider waiting if:

• Powertrain/efficiency: The 2026 Explorer’s standard 2.3-litre turbocharged four-cylinder produces 300 horsepower and 310 pound-feet of torque, while the twin-turbo 3.0-litre V6 makes 400 hp and 415 lb-ft of torque.
• Tech: The 2026 model adds a 13.2-inch touchscreen, a 12.3-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, Google Maps, Google Play Store, and SiriusXM with 360L.
• Safety: The latest model adds BlueCruise 1.5 with automated lane change capability, plus CoPilot 360 2.0 on higher trims with a 360-degree camera system, predictive speed assist, and road-edge detection.
• Starting price: The 2026 Explorer starts at $54,495 CAD.

If you're buying used today, the 2021 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 October 13, 2026, CarGurus experts' opinions, and generative AI.