It might be a great time to consider buying a used Expedition model because prices are coming down. But why is this three-row SUV becoming more affordable? Do models retain value? Is it a good idea to buy one?
Is it worth buying a used Ford Expedition?
Yes, buying one can provides your family with tons of value. It is one of the best used vehicles for the money. Plus, it’s capable, roomy, and quite reliable. But why are prices going down?
, Expedition is one of the most value-rich used options with a significant price drop in recent years. Over 1.9 million used vehicles from the last five years to discover the best offers.
The Expedition came in second place in the list of used vehicles with the largest price drop. Its prices declined primarily during 2021 and 2022. It experienced an average list price drop of about $8,606 or 15.2 percent to $48,137.
The Nissan Armada beat it with a 16.9% year-over-year price drop, but the average used vehicle was down only about 3%. But the Expedition has more room, better fuel economy and a more comfortable ride than the Armada.
Are used shipments reliable?
The used models have an above-average reliability ranking. In the list of the most reliable SUVs expected to exceed 200,000 miles, the Expedition came in sixth place. So, it’s not the most reliable SUV, but it should give you years of service.
The average Expedition model should last between 200,000 and 300,000 miles. However, some Expedition models have exceeded 450,000 miles and are still on the road.
Once a shipment is within the 100,000 to 150,000 mile range, it is considered high mileage. If you drive about 15,000 miles a year, your expedition could provide between 15 and 17 years of road service.
The key to extended 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 bigger problems.
The average annual cost to maintain a Ford Expedition is $861, which is slightly higher than the $784 annual cost to service other full-size SUVs.
What to look for with a used Expedition model
When buying a used Ford Expedition model, remember to look at your service history. Check if the previous owner has documented its regular care. Also, walk around to listen for any strange noises.
Check under the frame for rust. Rust can be a damaging problem if it spreads. Examine the inside. Its condition could represent how well the previous owner has taken care of the vehicle. Also, look at how many people previously owned the vehicle. The fewer owners, the better.
built after 2014 are equipped with the incredibly reliable 5.4 liter V8 engine. It is one of the best engines for shipping. Also, 2015 through 2017 models have zero recalls and modern technology.
The current generation debuted in 2018 with crucial updates 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 reached their peak, which means prices for options like the used Ford Expedition could fall even sooner. Before making your purchase, do your research!