Though the Ford Edge was recently recognized as one of the safest and most reliable used three-year-old vehicles on the market by Consumer Reports, the crossover hasn’t always presented buyers with the best value on the used vehicle market, with its prices rising at a rate faster than average. However, that doesn’t mean the Ford Edge isn’t a good buy by any means, as it has now made the cut as one of iSeeCars’ best 10-year-old SUVs for the money, joining the Ford Expedition in that regard.
iSeeCars recently released its list of the top 10 best 10-year-old used SUVs for around $15,000, a group it singled out by analyzing over two million used vehicle transactions. The company then identified the models with the longest lifespan and compared each with current used car values. The resulting list ranks 10-year-old vehicles by the price of their remaining potential lifespan – or the lowest price per remaining 1,000 miles of expected lifespan.
In that sense, the Ford Edge ranked tenth on this particular list with an average price tag of $12,741 and a remaining lifespan of 79,627 miles – which equates to $160 per 1,000 miles. iSeeCars estimates that 10-year-old Edge crossovers have a potential lifespan of 203,662 miles, with around 39.1 percent of that total remaining, on average. By comparison, the entire SUV segment averaged $16,201, with a remaining lifespan of 97,569 miles or more than 43 percent left in their total usable lifespan.
“Although used car pricing is slowly dropping, it remains near record levels, putting a serious financial pinch on first-time buyers or used car shoppers needing to replace their current vehicle. And new vehicle pricing is simply unrealistic for many consumers,” said Karl Brauer, Executive Analyst for iSeeCars.com. “But we now know shoppers can buy a 10-year-old car that costs substantially less than 1-5 year-old used models, yet these vehicles still have 80,000 or more miles of life left in them. All of these top 20 cars provide a potential lifespan above 200,000 miles.”