2024 Ford Explorer: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Ford Explorer costs $50,817 to own over 5 years, or $847/month. The biggest expenses are depreciation ($19,210) and insurance ($11,940).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$50,817
$847/month • $1/mile
Cost Breakdown
Depreciation$19,210 (38%)
Insurance$11,940 (23%)
Fuel/Energy$9,625 (19%)
Maintenance$3,160 (6%)
Financing$6,522 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $7,300 | $2,388 | $1,925 | $632 | $12,245 |
| Year 2 | $2,978 | $2,388 | $1,925 | $632 | $7,923 |
| Year 3 | $2,978 | $2,388 | $1,925 | $632 | $7,923 |
| Year 4 | $2,978 | $2,388 | $1,925 | $632 | $7,923 |
| Year 5 | $2,978 | $2,388 | $1,925 | $632 | $7,923 |
Key Facts
1-Year Depreciation
19% ($7,300)
5-Year Depreciation
50% ($19,210)
Annual Repair Cost
$812
Annual Maintenance
$632
These are estimates based on state averages. Your exact rate depends on your specific profile.
✓ No spam calls · ✓ No personal info sold · ✓ Takes 2 minutes