How much does the 2023 Ford Explorer cost?

Prices have softened 4.90% compared to this time last year, making it a favorable time to shop this model year.

With 9,688 listings available, you have a healthy amount of inventory to compare across trims and conditions.

If you find a listing below $32,150.57, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Ford Explorer a good car?

Yes — 4.75/5 is a strong user rating for this model year.

The 2023 Explorer stands out as a midsize SUV that blends rear-wheel-drive-based handling with family-hauling versatility. It also brings strong available power, a well-equipped cabin, and modern convenience features that make it appealing if you want a capable daily driver with room for up to seven.

With 29.7% of listings marked as good or great deals, you have a meaningful chance to find a competitive offer if you shop carefully.

Is the 2023 Ford Explorer reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 Explorer’s overview points to a well-rounded SUV with a refined driving feel, broad capability, and strong equipment content. It also notes that the model’s earlier gremlins were concentrated in the initial 2020 versions, which is useful context when you’re evaluating a later used example.

For used buyers, the main long-term ownership risk is paying extra for a nicer trim without getting a cleaner or better-maintained vehicle in return.

What should I look for when buying a used 2023 Ford Explorer?

Accident-free inventory is solid at 89% — always verify the vehicle history report.

You should still check the report carefully, because a clean listing percentage does not replace a documented history. Prioritize a pre-purchase inspection, especially if you’re considering a higher-mileage example or a vehicle with more equipment to inspect.

Focus on overall condition, signs of prior damage, and whether the SUV’s features and drivability match the seller’s description. A careful walkaround and test drive matter here because you want the best-maintained example, not just the cheapest one.

Is now a good time to buy a used 2023 Ford Explorer?

This is a moderate market, so you can shop selectively without expecting a deep buyer’s market.

• Deal availability: 29.7% of listings are priced as good or great deals.
• Inventory: There are 9,688 listings available.
• Price trend: Prices have softened 4.90% compared with last year.
• Clean inventory: 89.0% of listings are accident-free.

If you find a listing below $32,150.57, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Explorer's resale value?

The current average of $32,250 sits slightly below last year's $33,910.

That price movement suggests the market has cooled a bit, which can help you buy more confidently now, but it also means a future sale may not recover as much as a stronger-trending model. If you plan to resell later, the key is to buy well and keep the vehicle in strong condition so you preserve as much value as possible.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Explorer or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 29.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89% — always verify the vehicle history report.
• Price trend: Prices have softened 4.90% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $28,347, the 2022 costs less than the current year's $32,250 average.
• It offers broad family-friendly versatility with a wide range of trims and configurations.

The bottom line: If you want the stronger current-market balance of price, inventory, and buyer confidence, the 2023 is the better default choice. If your priority is spending less upfront, the 2022 is the more budget-friendly path and still gives you the Explorer’s core strengths.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.