Ford Escape Cost: The Pricing & Ownership Expenses
If you want a compact SUV that offers a smooth and technologically advanced riding experience, then the Ford Escape is the one for you. Before purchasing a new Ford Escape, it’s important to understand the total cost of ownership. This includes the purchase price, insurance, depreciation, and maintenance costs. Crossroads Ford of Lumberton provides a comprehensive guide to help you make an informed decision. Let’s get started!
Initial Purchase Price & Incentives
The Ford Escape has a starting price range of around $30,000-41,000. The final cost depends on the trim level, options, and model year. Dealerships often offer incentives and discounts to lower the purchase price. When negotiating, consider the invoice price, current market value, and available rebates. Additionally, the initial purchase price can significantly impact the Ford Escape’s resale value over time, affecting how much it retains after ownership for a number of years.
Numerous Features to Enjoy: The Specs
When you first encounter the Ford Escape, you’re met with an eye-catching style that’ll complement the standard features, including 17-in. Shadow Silver-Painted Aluminum Wheels, a Power Liftgate, and a captivating silhouette. Optional features include a panoramic Vista Roof® and a striking LED Light Bar. Under the hood, the standard 1.5L EcoBoost® engine delivers a smooth and responsive ride with 180 horsepower and 199 lb.-ft. of torque. Paired with AWD, an impressive fuel efficiency lets you achieve up to an EPA-estimated 26 MPG in the city and 32 MPG on the highway. For even greater fuel economy, the available 2.5L I-4 hybrid engine boasts up to 42 MPG in the city and 36 MPG on the highway. You can also tow up to 3,500 lbs. for all your rugged needs with the available 2.0L EcoBoost® AWD engine and Class II Trailer Tow Package. Keep in mind that these enhancements will increase the cost of a Ford Escape.
The spacious cabin comfortably accommodates up to five passengers, making it perfect for daily commutes, weekend getaways, or family adventures. When you need extra cargo space, simply fold down the second-row seats to reveal a maximum cargo capacity of 65.4 cu.ft. Stay connected and entertained with the SYNC® 4 infotainment system, displayed on an 8-in. LCD touchscreen and compatible with Apple CarPlay® and Android Auto™. Ford Co-Pilot360® comes standard, offering a suite of driver-assistance features, including Blind Spot Information System (BLIS®), Pre-Collision Assist with Automatic Emergency Braking, and more.
Choosing the Right Ford Escape for Your Needs
Selecting the perfect Ford Escape for your needs involves several key considerations. Here are some tips to help you make an informed decision.
Determine Your Budget: Start by considering your purchase price, monthly payment, and interest rates. Knowing these will give you insight into how much you can afford to spend on a Ford Escape.
Assess Your Needs: Think about how you plan to use your Ford Escape. If it’s primarily for daily commuting, a base model might suffice. However, if you need a vehicle with more pep or style, upgrading to available features or higher models might be what you need.
Research Different Model Years: Compare depreciation rates, maintenance costs, and resale values for different model years. This will help you find the best value for your money.
Test-Drive Different Trims: Take various trim levels for a test drive to see which one best suits your needs and preferences.
Consider Ford Blue Advantage Options: If you’re looking for a used Ford Escape, consider Ford Blue Advantage certified pre-owned options. These vehicles have been thoroughly inspected across numerous categories by professionals, offering added peace of mind.
By taking these into consideration, you can choose the right Ford Escape that fits your needs and budget, ensuring you get the best value for your money.
Five Years of Ownership: The Costs Involved
The Ford Escape’s estimated five-year cost is between $43,000-57,000. This includes depreciation, fuel, taxes, fees, financing, and insurance. Comparing the Ford Escape’s costs with other cars over five years, as well as with other SUVs in its class, can provide a broader market context. Using an online calculator and comparing costs with similar vehicles can help you make a more informed decision.
The Cost of Insurance & Maintenance
Insurance for a Ford Escape costs around $4,000-14,000 for five years. This varies based on trim level, options, and driving history. Shop around for the best rates and consider bundling policies. If you’d like to stick to branded coverage, Ford offers Ford Insure for all your needs.
In five years of ownership, maintenance costs for the Ford Escape can range from $3,000 to $5,000, but repair costs can fluctuate depending on the vehicle’s age, mileage, and specific issues. If you consider extended warranties, they’ll help protect you from unexpected repairs. Additionally, researching the reliability and durability of the Ford Escape can help you anticipate potential long-term costs.
Extra Protection: Warranty & Extended Warranty
Ford offers a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty. This coverage can reduce the overall cost of ownership. If you’re concerned about future maintenance costs, consider Ford Protect, an extended warranty program with packages that are tailored specifically to your needs with plans that cover theft, dents, tires, vehicle components, and so much more.
Own Your Ford Escape Today
The Ford Escape is the preferred option for those wanting a blend of comfort, style, and performance. When you’re looking to buy one of these efficient compact SUVs, consider maintenance costs, insurance expenses, and overall value to ensure you’re making the best choice for you. By researching these, as well as the Ford Escape’s features, trim levels, and depreciation rate, you’re guaranteed to find your perfect match. That being said, the overall cost of owning this ride after five years is around $43,000-57,000. If you’re prepared for the cost of owning a Ford Escape, visit Crossroads Ford of Lumberton for a test drive today!
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