Why Is a 2022 Ford Explorer Platinum so Expensive?

The 2022 Ford Explorer is one of the most popular midsize SUVs available. There are many different versions, and some are better than others. If you choose to buy a range-topping Platinum model, you will break the bank. It’s far more expensive than other Explorer trim levels. Why is a 2022 Ford Explorer Platinum so expensive? Is it worth all the extra cost?

How much is a 2022 Ford Explorer Platinum?

According to Edmunds, a 2022 Ford Explorer Platinum costs $56,340. Although that isn’t as expensive as some other similarly-sized SUVs, it’s far more than cheaper Explorers. For example, the model starts at $35,040 for the Base model, which is almost half the price of a Platinum. Between the two bookend trims, there are eight other options, including the two hybrid models. Is opting for the most expensive Platinum model worth it?

Explorer Platinum exclusive features

A red 2022 Ford Explorer Platinum is an expensive midsize SUV
2022 Ford Explorer | Ford

The entire lineup of Explorers has excellent features. Even with the cheapest model, the SUV is loaded with numerous high-value amenities. However, a few options are exclusive to the fully loaded Platinum trim level. They are adaptive headlights, 21-inch wheels, an automated parking system, and extended leather upholstery. Moreover, these items are unavailable to the King Ranch model; however, the Platinum borrows from the King Ranch as well.

Features exclusive to the $55,990 King Ranch model make it unique but barely cheaper than an Explorer Platinum. Owners buying the King Ranch model gain a turbocharged V6 engine, a wood interior trim, a digital gauge cluster, unique leather upholstery, upgraded front seats with massage, a 10.1-inch touchscreen, a 14-speaker B&O sound system, and rear automatic braking.

For the most part, the King Ranch and Platinum models are very similar. However, the King Ranch has unique branding the Platinum trim doesn’t. Of course, the larger wheels and extra features also enhance the range-topping Explorer, making it worth the additional $250.

2022 Ford Explorer standard features

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Although the Platinum features are excellent, are they worth upgrading over the standard ones? For far less money, owners can get loads of amazing equipment with the Base and XLT trims. However, things like the engine see a downgrade, using a turbocharged 2.3-liter four-cylinder producing 300 horsepower.

However, the Base model comes with LED headlights, a power liftgate, tri-zone automatic climate control, an eight-inch touchscreen, Apple CarPlay/Android Auto, and a six-speaker sound system. Advanced driver aids like frontal collision mitigation, blind-spot monitor, rear cross-traffic alert, lane-keeping assist, and trailer sway control are also standard.

Next, for $39,550, the XLT trim gains even more. For example, roof rails enhance the exterior of the SUV. For the interior, a leather-wrapped steering wheel, upgraded trim, heated seats, a power-adjustable driver’s seat, second-row captain’s chairs, and second-row USB ports maximize comfort and luxury. With all this equipment for roughly $15,000 less, is the Platinum model necessary?

Why is the 2022 Ford Explorer Platinum so expensive?

Why is the 2022 Ford explorer platinum midsize SUV so expensive?
2022 Ford Explorer | Ford

In conclusion, the 2022 Ford Explorer Platinum is so expensive for several reasons. One of the most significant is the engine upgrade, which adds V6 power under the hood. However, amenities like massage seats, automated parking, and more make it a genuine luxury SUV competitor. While the Explorer Base and XLT models are excellent and affordable midsize SUVs, the Explorer Platinum is an amazing luxury midsize SUV.

RELATED: Is the Ford Explorer King Ranch Really Worth $54K?