2023 Ford Explorer PlatinumTrue Cost of Ownership in Canada
400 hp twin-turbo V6. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$69K
Base: $62K
Annual Total
$20K
Insurance + fuel + maintenance
Import Duty
$4K
6.1% of base price
VAT
$3K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$169K
Purchase + 5yr running costs
2023 Ford Explorer Platinum — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $62K |
| Import Duty (6.1%) | $4K |
| VAT / Sales Tax (5%) | $3K |
| Total Purchase Price | $69K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $3K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $20K |
| 5-Year Total Cost of Ownership | $169K |
| Cost Per Kilometer | $1.334 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ford Explorer Platinum Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,980
USD equivalent
Monthly Fuel Cost
$165
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$13.20
11L × C$1.20
Ford Explorer Platinum Depreciation Curve
The Ford Explorer Platinum loses approximately $30K (49%) of its value over 5 years.
Year-by-Year Value
| New | $62K | 100% |
| Year 1 | $50K | 80% |
| Year 2 | $43K | 70% |
| Year 3 | $38K | 62% |
| Year 4 | $35K | 56% |
| Year 5 | $32K | 51% |
Depreciation based on suv segment averages.
Ford Explorer Platinum vs. Competitors in Canada
How does the Ford Explorer Platinum compare to similar cars available in Canada?
Ford
Explorer Platinum
Base Price
$62K
Annual Cost in Canada
$20K
Toyota
RAV4
Base Price
$32K
Annual Cost in Canada
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Canada
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Canada
$7K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Expensive for Canada
Annual car costs = 42% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Ford Explorer Platinum in Canada — Frequently Asked Questions
Common questions about owning a Ford Explorer Platinum in Canada.
The 2023 Ford Explorer Platinum has a base price of $62,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $69,071 USD (C$69,071 CAD).
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Ford Explorer Platinum in Other Countries
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