2023 Ford Explorer Value2023 Ford Explorer trade-in prices vary significantly by zip code, mileage, and condition. Get a more accurate value for your car with the Edmunds appraisal tool. - Find Out What Your Car's Worth
Change vehicleEstimated values for the 2023 Ford Explorer
Values based on 12,000 miles driven per year, with no color or options selected. 2023 Ford Explorer trade-in prices vary significantly by zip code, mileage, and condition. Get a more accurate value for your car with the Edmunds appraisal tool.
Estimated values are currently unavailable.
Know the value of your 2023 Ford Explorer over time
Did you know your car depreciates every year? Here is a guide to help you understand the value of your car.
Total Depreciation-$12,754
Based on Good Condition for five years
2023 Ford Explorer
4dr SUV AWD (2.3L 4cyl Turbo 10A) with no options
2024
$23,321
-$4,238
2025
$22,323
-$998
2026
$20,206
-$2,117
2027
$17,211
-$2,995
2028
$14,805
-$2,406
Value breakdown
2023 Ford Explorer
4dr SUV AWD (2.3L 4cyl Turbo 10A) with no options
| Year | Car Value | Depreciation |
|---|---|---|
| 2024 (2023 Ford Explorer) | $23,321 | -$4,238 |
| 2025 (2023 Ford Explorer) | $22,323 | -$998 |
| 2026 (2023 Ford Explorer) | $20,206 | -$2,117 |
| 2027 (2023 Ford Explorer) | $17,211 | -$2,995 |
| 2028 (2023 Ford Explorer) | $14,805 | -$2,406 |
Total Depreciation
Over five years
-$12,754
Helpful information about your 2023 Ford Explorer
Estimated Value Today
- $22,293 - $25,047
- Based on good condition.
Depreciation Insights
- Different cars depreciate at different rates.
- In general, new cars lose 60% of their MSRP in the first five years.
Know Your Car’s Worth
- Nearly every vehicle depreciates over time.
- With our free appraisal tool, you can get an accurate price for your car in minutes.
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