2023 Ford Explorer Value2023 Ford Explorer trade-in prices range from $21,785 - $46,387. 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 range from $21,785 - $46,387. Get a more accurate value for your car with the Edmunds appraisal tool.
| Condition | Trade-In | Private Party | Dealer Retail |
|---|---|---|---|
| Outstanding | $38,737 | $40,205 | $41,853 |
| Clean | $38,252 | $39,659 | $41,241 |
| Average | $37,443 | $38,749 | $40,220 |
| Rough | $36,392 | $37,566 | $38,894 |
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-$17,824
Based on Good Condition for five years
2023 Ford Explorer
Platinum Hybrid 4dr SUV (3.3L 6cyl gas/electric hybrid 10A) with no options
2024
$36,263
-$4,829
2025
$33,420
-$2,843
2026
$29,649
-$3,771
2027
$26,318
-$3,331
2028
$23,268
-$3,050
Value breakdown
2023 Ford Explorer
Platinum Hybrid 4dr SUV (3.3L 6cyl gas/electric hybrid 10A) with no options
| Year | Car Value | Depreciation |
|---|---|---|
| 2024 (2023 Ford Explorer) | $36,263 | -$4,829 |
| 2025 (2023 Ford Explorer) | $33,420 | -$2,843 |
| 2026 (2023 Ford Explorer) | $29,649 | -$3,771 |
| 2027 (2023 Ford Explorer) | $26,318 | -$3,331 |
| 2028 (2023 Ford Explorer) | $23,268 | -$3,050 |
Total Depreciation
Over five years
-$17,824
Helpful information about your 2023 Ford Explorer
Estimated Value Today
- $38,252 - $39,659
- 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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