Depreciation
The depreciation graph and accompanying table on our page detail how the 2007 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) 2007 FORD EXPLORER in 2007 was $43,180.
The average price for used 2007 FORD EXPLORER nowadays in 2024 is $7,918 which is 18% from the original price.
Estimated mileage driven per year is 10,414 miles.
The graph below is a depreciation curve for 2007 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 2007 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 | ||
|---|---|---|---|---|---|---|
| 2007 MSRP | 0 mi | $43,180 | — | — | 100% | 0% |
| 2007 | 10,414 mi | $46,166 | −$2,986 | −6.92% | 106.92% | -6.92% |
| 2008 | 20,828 mi | $38,000 | +$8,166 | +17.69% | 88% | 12% |
| 2009 | 31,242 mi | $34,383 | +$3,617 | +9.52% | 79.63% | 20.37% |
| 2010 | 41,656 mi | $30,995 | +$3,388 | +9.85% | 71.78% | 28.22% |
| 2011 | 52,070 mi | $28,998 | +$1,997 | +6.44% | 67.16% | 32.84% |
| 2012 | 62,484 mi | $23,988 | +$5,010 | +17.28% | 55.55% | 44.45% |
| 2013 | 72,898 mi | $21,500 | +$2,488 | +10.37% | 49.79% | 50.21% |
| 2014 | 83,312 mi | $18,995 | +$2,505 | +11.65% | 43.99% | 56.01% |
| 2015 | 93,726 mi | $16,999 | +$1,996 | +10.51% | 39.37% | 60.63% |
| 2016 | 104,140 mi | $15,000 | +$1,999 | +11.76% | 34.74% | 65.26% |
| 2017 | 114,554 mi | $13,800 | +$1,200 | +8% | 31.96% | 68.04% |
| 2018 | 124,968 mi | $11,973 | +$1,827 | +13.24% | 27.73% | 72.27% |
| 2019 | 135,382 mi | $11,163 | +$810 | +6.77% | 25.85% | 74.15% |
| 2020 | 145,796 mi | $10,000 | +$1,163 | +10.42% | 23.16% | 76.84% |
| 2021 | 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 2007 FORD EXPLORER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2007 FORD EXPLORER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 25,000 mi | $16,900 | 12 sales |
| 40,000 mi | $14,979 | 10 sales |
| 50,000 mi | $12,990 | 17 sales |
| 55,000 mi | $10,998 | 17 sales |
| 60,000 mi | $12,975 | 35 sales |
| 65,000 mi | $14,995 | 28 sales |
| 70,000 mi | $13,689 | 67 sales |
| 75,000 mi | $11,990 | 53 sales |
| 80,000 mi | $11,618 | 60 sales |
| 85,000 mi | $10,955 | 79 sales |
| 90,000 mi | $10,975 | 91 sales |
| 95,000 mi | $9,999 | 97 sales |
| 100,000 mi | $9,990 | 133 sales |
| 105,000 mi | $10,000 | 122 sales |
| 110,000 mi | $10,109 | 114 sales |
| 115,000 mi | $10,882 | 122 sales |
| 120,000 mi | $9,423 | 176 sales |
| 125,000 mi | $10,387 | 163 sales |
| 130,000 mi | $9,247 | 152 sales |
| 135,000 mi | $8,785 | 144 sales |
| 140,000 mi | $8,988 | 169 sales |
| 145,000 mi | $7,995 | 204 sales |
| 150,000 mi | $7,000 | 158 sales |
| 155,000 mi | $7,899 | 162 sales |
| 160,000 mi | $6,997 | 194 sales |
| 165,000 mi | $6,515 | 120 sales |
| 170,000 mi | $6,977 | 109 sales |
| 175,000 mi | $5,999 | 92 sales |
| 180,000 mi | $6,300 | 109 sales |
| 185,000 mi | $5,997 | 108 sales |
| 190,000 mi | $6,990 | 101 sales |
| 195,000 mi | $5,995 | 75 sales |
| 200,000 mi | $4,995 | 73 sales |
| 205,000 mi | $5,000 | 48 sales |
| 210,000 mi | $4,999 | 40 sales |
| 215,000 mi | $4,993 | 32 sales |
| 220,000 mi | $4,990 | 28 sales |
| 225,000 mi | $4,500 | 27 sales |
| 230,000 mi | $4,997 | 30 sales |
| 235,000 mi | $4,800 | 21 sales |
| 245,000 mi | $5,994 | 17 sales |
Frequently asked questions
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.
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.
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.
Depreciation directly affects the resale value of a 2007 FORD EXPLORER, with faster depreciating vehicles typically having lower resale values over time.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
Other years of FORD EXPLORER
2000 FORD EXPLORER
$4,000 average used price
3,100+ sales records
2002 FORD EXPLORER
$4,995 average used price
10,700+ sales records
2003 FORD EXPLORER
$5,888 average used price
10,500+ sales records
2004 FORD EXPLORER
$5,988 average used price
12,100+ sales records
2011 FORD EXPLORER
$10,000 average used price
26,600+ sales records
2013 FORD EXPLORER
$11,973 average used price
89,800+ sales records
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2007 FORD EXPLORER on BADVIN
