Used Ford Expedition Models Are Getting Even Cheaper
It could be a great time to consider buying a used Ford Expedition model because prices are dropping. But why is this three-row SUV becoming more affordable? Do used Ford Expedition models retain value? Is it a good idea to buy one?
Is buying a used Ford Expedition worth it?
Yes, buying a used Ford Expedition can provide your family with tons of value. It’s one of the best-used vehicles for the money. Plus, it’s capable, spacious, and pretty reliable. But why are prices dropping?
According to iSeeCars, the Expedition is one of the most value-packed used options with a significant price drop over the past few years. Over 1.9 million used vehicles from the last five years to discover the best deals.
The Expedition landed in second place on the list of used vehicles with the most substantial price decrease. Its prices primarily dropped during 2021 and 2022. It experienced an average price list drop of about $8,606 or 15.2 percent to span $48,137.
The Nissan Armada beat it with a year-over-year 16.9 percent price decrease, but the average used vehicle has only decreased by roughly three percent. But the Expedition has more space, a better fuel economy, and a more comfortable ride than the Armada.
Are used Expeditions reliable?
Used Ford Expedition models have an above-average reliability ranking. On the list of the most reliable SUVs expected to make it past 200,000 miles, the Expedition landed in sixth place. So, it’s not the most reliable SUV, but it should provide years of service.
The average Expedition model is expected to last between 200,000 to 300,000 miles. However, some Expedition models have passed 450,000 miles and are still going.
Once an Expedition falls in the 100,000 to 150,000-mile range, it’s considered to be high mileage. If you drive about 15,000 miles annually, then your Expedition could provide between 15 to 17 years of service on the road.
The key to a prolonged life involves proper care and regular maintenance. Change the oil and other fluids regularly, don’t skip routine maintenance, use smooth driving habits, and fix repairs immediately to prevent them from turning into larger problems.
The average yearly cost to maintain a Ford Expedition is $861, which is a bit higher than the annual cost of $784 to service other full-size SUVs.
What to look for with a used Expedition model
When shopping for a used Ford Expedition model, remember to look at the service history. See if the previous owner documented its regular care. Also, take it for a spin to listen for any weird noises.
Take a look under the chassis for rust. Rust can be a detrimental issue if it spreads. Examine the interior. Its condition could represent how well the previous owner cared for the vehicle. Also, look at how many people previously owned the vehicle. The fewer owners, the better.
Ford Expedition models built after 2014 come with the incredibly reliable 5.4-liter V8 engine. It’s one of the best engines for the Expedition. Also, models from 2015 to 2017 have zero recalls and modern tech.
The current generation made its debut in 2018 with crucial upgrades for space and comfort. The 2019 model has fewer recalls than the 2022 model. Also, the 2003, 2006, and 2007 Expedition models are the worst.
Used vehicles may have hit their peak, meaning prices for options like the used Ford Expedition could drop even more soon. Before making your purchase do your research!