Depreciation
The depreciation graph and accompanying table on our page detail how the 2003 FORD EXPLORER'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) 2003 FORD EXPLORER in 2003 was $43,180.
The average price for used 2003 FORD EXPLORER nowadays in 2024 is $5,888 which is 14% from the original price.
Estimated mileage driven per year is 10,414 miles.
The graph below is a depreciation curve for 2003 FORD EXPLORER. 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 2003 FORD EXPLORER 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 | ||
|---|---|---|---|---|---|---|
| 2003 MSRP | 0 mi | $43,180 | — | — | 100% | 0% |
| 2003 | 10,414 mi | $46,166 | −$2,986 | −6.92% | 106.92% | -6.92% |
| 2004 | 20,828 mi | $38,000 | +$8,166 | +17.69% | 88% | 12% |
| 2005 | 31,242 mi | $34,383 | +$3,617 | +9.52% | 79.63% | 20.37% |
| 2006 | 41,656 mi | $30,995 | +$3,388 | +9.85% | 71.78% | 28.22% |
| 2007 | 52,070 mi | $28,998 | +$1,997 | +6.44% | 67.16% | 32.84% |
| 2008 | 62,484 mi | $23,988 | +$5,010 | +17.28% | 55.55% | 44.45% |
| 2009 | 72,898 mi | $21,500 | +$2,488 | +10.37% | 49.79% | 50.21% |
| 2010 | 83,312 mi | $18,995 | +$2,505 | +11.65% | 43.99% | 56.01% |
| 2011 | 93,726 mi | $16,999 | +$1,996 | +10.51% | 39.37% | 60.63% |
| 2012 | 104,140 mi | $15,000 | +$1,999 | +11.76% | 34.74% | 65.26% |
| 2013 | 114,554 mi | $13,800 | +$1,200 | +8% | 31.96% | 68.04% |
| 2014 | 124,968 mi | $11,973 | +$1,827 | +13.24% | 27.73% | 72.27% |
| 2015 | 135,382 mi | $11,163 | +$810 | +6.77% | 25.85% | 74.15% |
| 2016 | 145,796 mi | $10,000 | +$1,163 | +10.42% | 23.16% | 76.84% |
| 2017 | 156,210 mi | $9,786 | +$214 | +2.14% | 22.66% | 77.34% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the FORD EXPLORER’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 2003 FORD EXPLORER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2003 FORD EXPLORER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 55,000 mi | $11,285 | 20 sales |
| 60,000 mi | $9,488 | 16 sales |
| 65,000 mi | $9,999 | 23 sales |
| 70,000 mi | $7,550 | 30 sales |
| 75,000 mi | $8,209 | 28 sales |
| 80,000 mi | $6,995 | 33 sales |
| 85,000 mi | $7,495 | 49 sales |
| 90,000 mi | $8,995 | 68 sales |
| 95,000 mi | $7,987 | 81 sales |
| 100,000 mi | $7,495 | 91 sales |
| 105,000 mi | $6,498 | 74 sales |
| 110,000 mi | $6,995 | 82 sales |
| 115,000 mi | $6,699 | 97 sales |
| 120,000 mi | $7,100 | 71 sales |
| 125,000 mi | $5,980 | 123 sales |
| 130,000 mi | $5,998 | 117 sales |
| 135,000 mi | $6,197 | 116 sales |
| 140,000 mi | $5,995 | 96 sales |
| 145,000 mi | $5,995 | 125 sales |
| 150,000 mi | $5,450 | 112 sales |
| 155,000 mi | $4,997 | 103 sales |
| 160,000 mi | $4,999 | 131 sales |
| 165,000 mi | $4,995 | 128 sales |
| 170,000 mi | $4,999 | 141 sales |
| 175,000 mi | $4,995 | 117 sales |
| 180,000 mi | $4,968 | 127 sales |
| 185,000 mi | $4,500 | 114 sales |
| 190,000 mi | $4,320 | 92 sales |
| 195,000 mi | $4,200 | 65 sales |
| 200,000 mi | $3,995 | 95 sales |
| 205,000 mi | $3,995 | 67 sales |
| 210,000 mi | $4,290 | 59 sales |
| 215,000 mi | $3,875 | 46 sales |
| 220,000 mi | $3,995 | 52 sales |
| 225,000 mi | $4,055 | 46 sales |
| 230,000 mi | $3,790 | 42 sales |
| 235,000 mi | $3,999 | 22 sales |
| 240,000 mi | $3,149 | 24 sales |
| 245,000 mi | $3,999 | 37 sales |
| 250,000 mi | $3,995 | 20 sales |
| 255,000 mi | $4,888 | 21 sales |
| 270,000 mi | $3,995 | 20 sales |
| 300,000 mi | $4,625 | 12 sales |
Frequently asked questions
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Other years of FORD EXPLORER
1995 FORD EXPLORER
$3,500 average used price
540+ sales records
2001 FORD EXPLORER
$5,482 average used price
4,300+ sales records
2006 FORD EXPLORER
$5,600 average used price
12,700+ sales records
2010 FORD EXPLORER
$9,786 average used price
19,300+ sales records
2017 FORD EXPLORER
$18,995 average used price
248,000+ sales records
2019 FORD EXPLORER
$23,988 average used price
103,500+ sales records
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