The value of a 2018 Ford Explorer with around 40,000 miles and exterior damage generally varies based on the extent of the damage and local market conditions. Here are the key findings based on current data:

Estimated Value

1. General Price Range:

   • Trade-in values for a 2018 Ford Explorer can range from $11,411 to $26,287, depending on the model and condition (Edmunds).
   • Specific models may have more precise estimates; for example, the average resale value is around $14,769 to $17,850 for models in good condition (Kelley Blue Book; CARFAX).

2. Impact of Exterior Damage:

   • Given the presence of exterior damage, the value is likely to decrease significantly. Such damage can reduce the vehicle's value by approximately 15-20% or more.
   • For instance, if we take an average good condition value of around $17,850, minor damage might lower the value to approximately $14,250 to $15,200.

Estimated Price Range

Considering the damage and mileage:

• The value of a 2018 Ford Explorer with 40,000 miles and exterior damage might reasonably be in the range of $14,000 to $16,000.

Additional Considerations

• Condition: The specific severity of the damage can affect this estimate, as can any additional factors like service history, accident history, and trim level.
• Local Market: Prices can fluctuate based on your geographical location and local demand for used SUVs.

For the most accurate assessment, it's advisable to consult valuation tools from Kelley Blue Book or Edmunds, or consider obtaining a professional appraisal for your specific vehicle.

Sources

2018 Ford Explorer Price, Value, Depreciation & ReviewsUsed 2018 Ford Explorer for Sale Near Me - Carfax2018 Ford Explorer Value - EdmundsUsed Ford Explorer for Sale Near Me - CARFAXUsed 2018 Ford Explorer Buyer's Guide - VehicleHistoryUsed 2018 Ford Explorer XLT Sport Utility 4D - Kelley Blue BookUsed 2018 Ford Explorer for Sale Near Me - Edmunds

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