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Ford Expedition | Depreciation Rate & Curve Graphed

On average, the Ford Expedition loses 57.4% of its value in the first five years. Based on the depreciation curve and maintenance cost per mile, we place the ownership sweet spot for the Expedition as the 2003-2014 model years. To get at least five years in the sweet spot, do not buy anything older than a 2007.

Ford Expedition 2019 white Premium Family SUV isolated on white background. 3d rendering.
TABLE OF CONTENTS

Find the depreciation rate of your Ford Expedition in the graph below.

A chart showing the depreciation of the Ford Expedition. It shows the best time to own/purchase a Ford Expedition

A vehicle starts to depreciate, or lose value, the moment you purchase it. The Ford Expedition follows this same rule. Most of the depreciation occurs in the first year after you buy an Expedition. After the initial decrease in value over the first 12 months, it starts to depreciate more slowly each year until it reaches the seven-year mark. All makes and models depreciate at different rates. By learning the depreciation rate of a specific vehicle, you can understand its long-term value and the total cost of ownership.

Keep in mind that just because the vehicle costs the least to own in the sweet spot we have outlined here, you still may not want to own the vehicle during these depreciation sweet spot years. Although vehicles depreciate less as they get older, they have more repairs. Duh right? However, keep in mind that repairs don’t just cost you money, they cost you time. Reliability is the difference between being able to make it to your destination on time or missing an opportunity because the car broke down.

Check out our article on the best and worst years of the Ford Expedition to see our reliability ratings for all years of the Expedition between 2001-2022. We also cover MPG, safety ratings, and several other factors. We pulled data from Expeditions registered in our app and surveyed owners to get you data-backed answers on just how good or bad each year of the Expedition is.

If you want to know the depreciation and maintenance costs for your particular vehicle, use our free “Total Cost of Ownership” tool available in the FIXD App – Android or IOS.

If you like our online tools and articles consider purchasing our FIXD sensor for $19.99 (this is 67% OFF). It’s our flagship product. With it, you scan your car for common engine problems.

If our sensor detects any problems with the engine, our app will clearly explain:

  1. What could have caused it and
  2. How much the possible repairs may cost.

 

If you’d like, we’ll even show you trusted repair shops in your area where you can get your ride fixed through RepairPal. The total cost of ownership feature within the app totals your maintenance costs, repairs, and depreciation (Sensor + App). This is free on the app.

Ford Expedition Depreciation

Model YearsMileageAmount DepreciatedResidual Value PercentageResale Value
2001264,000$ 36,920.991.3%$479
2002252,000$ 38,866.340.0% 
2003240,000$ 38,862.531.5%$610
2004228,000$ 43,265.221.8%$801
2005216,000$ 44,233.861.4%$639
2006204,000$ 45,239.091.6%$717
2007192,000$ 38,096.852.8%$1,106
2008180,000$ 38,756.284.6%$1,878
2009168,000$ 43,637.594.6%$2,116
2010156,000$ 42,362.546.4%$2,911
2011144,000$ 40,505.989.3%$4,164
2012132,000$ 39,117.3812.7%$5,708
2013120,000$ 41,633.0716.1%$7,968
2014108,000$ 41,837.3118.1%$9,265
201596,000$ 42,306.5221.6%$11,656
201684,000$ 39,635.2627.8%$15,273
201772,000$ 39,031.7930.3%$16,970
201860,000$ 36,126.7942.6%$26,804
201948,000$ 28,875.7954.3%$34,348
202036,000$ 23,931.0463.6%$41,830
202124,000$ 17,799.3570.8%$43,077
202212,000$ 8,242.4686.1%$51,063
2023N/AN/AN/AN/A
2024N/AN/AN/AN/A

This chart shows the approximate Ford Expedition depreciation rate. It’s based on Kelley Blue Book data since 2001, assuming a vehicle in standard trim, a generic color such as black or white, and a mileage of 12,000 per year.

Keep in mind that the auto market was heavily affected in 2020 and beyond. Automakers selling new cars during the COVID pandemic raised prices which caused a spike in demand in the used car market as people tried to save money. Many automakers, however, did not drop prices after the pandemic. They kept them so they could make a larger profit.

This is why the most recent years of many vehicles have seemingly experienced less depreciation. Some, such as 2004, may have even appreciated due to the heightened levels of inflation created.

Factors That Impact the Ford Expedition Depreciation Rate

Miniature car model on growing stack of coins money on nature green background, Saving money for car, Finance and car loan, Investment and business concept

Henry Ford revolutionized transportation when he released the Model T to the masses in the early 20th century. Since then, the American automaker has continued to build a reputation for making reliable, affordable vehicles. In recent years, however, quality issues have plagued Ford, with the Blue Oval ranking behind other car companies in reliability ratings. These quality problems may affect the resale value of Ford vehicles, especially in the long term. Besides the company’s reputation, here are other factors that may affect the depreciation and resale value of your Ford Expedition.

The model year of your Expedition can be one of the biggest factors affecting its depreciation rate. A vehicle’s model year refers to its generation, including its features and pricing. It’s not the same as the manufacture year, which is why some automakers release next-year vehicles before the calendar turns to January.

Not surprisingly, older vehicles have a higher depreciation rate than newer models, as they lose value over time. In particular, outgoing model years usually depreciate the quickest after a new model replaces the previous version. Since each Ford Expedition model year has different features, safety technologies, and reliability ratings, some years may be better than others. That’s why age can affect the resale value of your Expedition.

A vehicle’s body type is another factor that can determine its depreciation. Body type, also known as body style, refers to the size and shape of a vehicle. Common body types include sedans, hatchbacks, convertibles, station wagons, sport-utility vehicles, minivans, and pickup trucks. Today, there’s a demand for trucks and SUVs, so they usually depreciate more slowly than other types of vehicles. Luxury cars, which cost more, tend to depreciate the quickest.

The Ford Expedition is a full-size SUV with three rows of seats. Vehicles in this class usually hold their value better than compact cars and luxury vehicles. If market trends change and the demand becomes lower for full-size SUVs, the Expedition may start to depreciate at a faster rate.

Like older cars, high-mileage vehicles usually have a high depreciation rate. That’s because a vehicle typically requires more maintenance and repairs as the mileage increases. The average person drives more than 1,000 miles each month, so we base our models on 12,000 miles of driving per year. If you drive less than that, your Expedition may depreciate more slowly. Conversely, if you put more miles on your Expedition, it can increase the depreciation rate.

The condition of a vehicle refers to its mechanics and appearance, including both the exterior and interior. All vehicles require routine maintenance to continue running their best. A well-maintained vehicle usually has fewer mechanical problems and minimal signs of wear and tear, which can improve its resale value. On the other hand, a vehicle in poor condition will usually be worth less.

If you follow the recommended maintenance schedule for your Expedition, avoid major accidents, and generally take care of the vehicle, you might get a higher price for the SUV when you’re ready to sell. However, it’s important to remember that at some point, it might cost more to maintain or repair your Expedition than the vehicle is worth. In that case, it might be better to sell the vehicle rather than continue to invest money into it.

When you purchase a new vehicle, color may or may not be an important factor in your purchasing decision. But it can affect a car’s resale value. According to a study from iSeeCars, yellow vehicles hold their value better than any other color. Other vibrant hues, such as green, orange, and red, also have lower depreciation rates, because fewer vehicles are available in those colors. Vehicles in gold, brown, black, and silver have faster depreciation rates, according to the study.

While you may not base your entire car-buying decision on the color of a vehicle, it’s worth considering if you want to slow the depreciation rate. Purchasing a color that depreciates slower may help you get a better price for the vehicle down the road.

Other Costs of Ford Expedition Ownership

The depreciation rate of your Expedition is just one cost of owning the vehicle. Here are some other ownership costs to consider.

Insurance

Auto insurers charge different rates for different vehicles, so some may be more costly to insure than others. Typically, vehicles with good ratings and more safety features have lower premiums since insurance companies consider them less risky.

On average, it costs slightly more to insure an Expedition than other vehicles. It costs about $160 per month for full coverage on an Expedition, amounting to an average of $1,920 per year. That’s about $161 more than the average annual insurance costs of all vehicles. Insurance premiums can also vary based on other factors, including your location and driving history.

Maintenance

Regular maintenance can keep your Expedition in good shape throughout your ownership. The average maintenance cost of a Ford Expedition is $674 per year. That’s slightly less than the average maintenance cost of all vehicles, which is $694 per year. You can use our graph to compare the maintenance costs of each Ford Expedition model year.

Keep in mind, however, that some Ford Expedition model years may cost more to maintain than others. These model years in particular have known issues, including engine and transmission problems, that may cause them to depreciate more quickly:

  • 2001-2008
  • 2011-2014
  • 2020

The Best Model Year To Buy a Ford Expedition

Based on factors including price and reliability (but not depreciation), our choice for the best Ford Expedition model years to buy are 2021, 2018-2019, 2015-2017, and 2009-2010, but check out our article on the best and worst years of the Ford Expedition to get the whole story.

Buying a Ford Expedition New vs. Used

20-Year Projection Table

20-Year Projection
Years Since PurchasedDepreciated ValueWith Inflation
1$47,463$52,396
2$39,029$45,607
3$35,060$41,183
4$29,933$35,293
5$23,483$27,555
6$16,703$19,551
7$15,325$17,965
8$11,907$14,040
9$9,978$11,805
10$8,875$10,613
11$7,001$8,511
12$5,127$6,407
13$3,528$4,487
14$2,536$3,259
15$2,536$3,210
16$1,544$1,935
17$882$1,103
18$772$971
19$992$1,242
20$827$1,019

A new Ford Expedition has a starting MSRP of $55,525. Within three years of ownership, an Expedition accumulates $20,065.50 in depreciation, making it worth around $35,060. A three-year-old Ford Expedition has a current value of $41,830 after adjusting for inflation, accumulating depreciation of $23,931.04. For that reason, it’s worth purchasing a used Expedition for the slower depreciation rate.

As you make your car-buying decision, do some research to understand the average depreciation rate of the vehicle you’re considering. Online resources like Kelley Blue Book can provide the resale value of a Ford Expedition for specific model years. In addition, you should consider other costs of ownership, including insurance and maintenance, as you decide what used car to buy.

Methodology

The data in this article is based on the base-model trim for the Ford Expedition with standard options. Different trims may have varying depreciation rates. Specifically, Expedition models with advanced options or packages may retain their value better over time. Some factors affecting the depreciation rate, such as the COVID-era chip shortage, may be beyond your control. Additionally, the condition of the vehicle and how you sell it — whether privately or through a trade-in at a dealership — can also impact the resale value.

Keep in mind, there are large economic factors at play here too and the sale of new cars has caused shifts in the used market too. There is a stark difference in the cost of vehicles due to car manufacturers seeking higher profit margins after COVID as detailed by CNN and posted by CBS channel 58:

“… (T)he auto industry saw sky-high profits even as sales plummeted. Domestic manufacturers of cars and car parts saw a profit of $32 billion through the third quarter of 2022 (the latest data available) — their largest profit since 2016. Car dealerships also reported record-breaking profits through Q3, according to auto-retail advisers Haig Partners.

That’s because pandemic-era pent-up consumer demand remained strong as supply shifted, allowing automakers to increase their prices and their profit margins. Cars and trucks were sold nearly as soon as they hit dealership lots, and the average price paid for a vehicle in December soared to a near-record high of $46,382, according to J.D. Power.

Data from the Labor Department’s November Consumer Price Index shows American consumers are paying about 20% more for cars than they were in 2019.

The trend could continue into next year — research website Edmunds expects new-car sales to hit 14.8 million in 2023, a marginal increase from last year but well below pre-pandemic levels.

The auto industry has entered a new era: Less choice, higher prices and larger profit margins. So far it seems to be working for them.”

This shift by car companies to create higher profit margins by taking advantage of the heavily-reported-on chip shortage panic of COVID has had rebounding effects upon the value of used cars.

Be aware that newer years (the latest 3-4 model years) may be inflated in price because of this and depending on how big this problem is for the model you are considering – it may even be inflating the price of the older model years.

Frequently Asked Questions About Vehicle Depreciation

In general, the Ford Expedition loses value more quickly than other SUVs on the market. However, the depreciation rate of a specific vehicle can vary based on several factors, including its age, condition, mileage, and color. How you choose to sell your Expedition can also influence the value you receive for it.

For example, according to Kelley Blue Book, a white 2021 Ford Expedition in good condition with standard equipment will be worth $43,181 if you sell it privately. The same vehicle has a resale value of $39,401 if you trade it in at a dealership.

Based on our analysis, the best Ford Expedition model years to buy are 2009 and 2010. These model years have high safety ratings, and they experience a low chance of engine repairs. Their reasonable costs of ownership, plus their depreciation rates, make these Expeditions a good value for the money.

As you shop for a used Ford Expedition, it’s a good idea to avoid these model years:

  • 2001-2008
  • 2011-2014
  • 2020

These model years have different issues, including low safety scores, high ownership costs, and a greater chance of repairs. In particular, the 2020 model year may have a higher probability of engine and transmission problems. Other newer model years offer good safety scores and lower maintenance costs but are outside the sweet spot for depreciation.

Large SUVs are sure to get used heavily because many are family vehicles. However, it’s difficult to estimate the average mileage for the Ford Expedition. With proper maintenance and controlled driving practices, the SUV could easily last more than 200,000 miles. Yet, these SUVs are prone to failing early if they aren’t maintained. Based on our data, high mileage could be considered anything over 175,000 miles.

Older Expedition models (2001-2013) show an average mileage range between 141,667 and 212,500. Our data shows several Expedition models exceeding 200,000 miles. Yet, past 175,000 miles, the resale value drops significantly, leaving the owner to junk the car at the first expensive repair bill.

Newer models may be built better and last longer, but it could take several more years to see if this assumption is true. Our initial reliability studies suggest that the latest Expedition models may exceed the mileage of older SUVs.

Excluding reliability, purchasing a Ford Expedition between the model years 2003 and 2014 to get the best depreciation rate. For the lowest overall costs of ownership within the sweet spot, buy a 2009 or 2014 Expedition.

References

(2023.) Ford Company Timeline. Ford Motor Company. Retrieved Aug. 25, 2023, from https://corporate.ford.com/about/history/company-timeline.html

(2022.) Ford Ranked 18th in 2022 Consumer Reports Reliability Survey. Ford Authority. Retrieved Aug. 25, 2023, from https://fordauthority.com/2022/11/ford-ranked-18th-in-2022-consumer-reports-reliability-survey/

(2023.) What Is Car Depreciation? Car and Driver. Retrieved Aug. 25, 2023, from https://www.caranddriver.com/research/a31481267/car-depreciation/

(2023). 2024 Ford Expedition. Ford Motor Company. Retrieved Aug. 25, 2023, from https://www.ford.com/suvs/expedition/

FIXD Research Team

At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.

We’re here to help you simplify car care and save, so this post may contain affiliate links to help you do just that. If you click on a link and take action, we may earn a commission. However, the analysis and opinions expressed are our own.

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FIXD Research Team

FIXD Research Team

At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.

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