2021 Ford Explorer Prices and Deals

What's in store:

The carryover 2021 Explorer continues flowing into dealers across the country. The new year brings price cuts to all trims. The Limited sees the biggest reduction, just over $3,600. The mid-level XLT and Limited trims are easiest to find.

The 2020 Explorer has sold out.

Offers vary by region and are set to end March 31, 2021 unless otherwise noted. Examples listed here are for California. Ford often enhances incentives ahead of Presidents' Day weekend.

Lease: From $359 for 36 months

For the second month, you can lease a 2021 Explorer XLT from $359 for 36 months (10,500 miles a year) with $4,199 due at signing. This works out to an effective monthly cost of $476, a pretty good value for this class of vehicle.

This offer reflect a $500 Select Inventory bonus on vehicles in stock longer than 60 days. Without it, your total cost will be $500 higher.

Rebate: Up to $1,250 off

There is no standard rebate yet on the incoming 2021 Explorer, but buyers with a vehicle to trade are eligible for a $1,250 trade-in bonus.

We expect to see a rebate for all buyers by spring.

Finance: From 0% APR for 36 months

Promotional APR offers on the 2021 Explorer range from 0% for 36 months to 3.9% for 72 months. You remain eligible for the $1,250 trade-in bonus.