Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 FORD EXPEDITION's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2024 FORD EXPEDITION in 2024 was $61,900.
The average price for used 2024 FORD EXPEDITION nowadays in 2024 is $78,888 which is 127% from the original price.
Estimated mileage driven per year is 12,517 miles.
The graph below is a depreciation curve for 2024 FORD EXPEDITION. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2024 FORD EXPEDITION in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $61,900 | — | — | 100% | 0% |
| 2024 | 12,517 mi | $78,888 | −$16,988 | −27.44% | 127.44% | -27.44% |
| 2025 | 25,034 mi | $69,900 | +$8,988 | +11.39% | 112.92% | -12.92% |
| 2026 | 37,551 mi | $51,483 | +$18,417 | +26.35% | 83.17% | 16.83% |
| 2027 | 50,068 mi | $43,995 | +$7,488 | +14.54% | 71.07% | 28.93% |
| 2028 | 62,585 mi | $39,395 | +$4,600 | +10.46% | 63.64% | 36.36% |
| 2029 | 75,102 mi | $34,990 | +$4,405 | +11.18% | 56.53% | 43.47% |
| 2030 | 87,619 mi | $29,999 | +$4,991 | +14.26% | 48.46% | 51.54% |
| 2031 | 100,136 mi | $20,000 | +$9,999 | +33.33% | 32.31% | 67.69% |
| 2032 | 112,653 mi | $17,798 | +$2,202 | +11.01% | 28.75% | 71.25% |
| 2033 | 125,170 mi | $16,500 | +$1,298 | +7.29% | 26.66% | 73.34% |
| 2034 | 137,687 mi | $13,996 | +$2,504 | +15.18% | 22.61% | 77.39% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the FORD EXPEDITION’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2024 FORD EXPEDITION. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 FORD EXPEDITION by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $79,980 | 288 sales |
| 5,000 mi | $77,991 | 185 sales |
| 10,000 mi | $74,589 | 41 sales |
Frequently asked questions
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Other years of FORD EXPEDITION
2001 FORD EXPEDITION
$4,995 average used price
2,500+ sales records
2004 FORD EXPEDITION
$5,000 average used price
7,100+ sales records
2012 FORD EXPEDITION
$10,998 average used price
14,700+ sales records
2016 FORD EXPEDITION
$17,798 average used price
25,400+ sales records
2019 FORD EXPEDITION
$34,990 average used price
108,600+ sales records
2021 FORD EXPEDITION
$43,995 average used price
68,000+ sales records
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2024 FORD EXPEDITION on BADVIN
