Ford Bronco Depreciation (2024)

A Ford Bronco will depreciate 35% after 5 years and have a 5 year resale value of $30,955.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $47,440 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Ford Bronco.

Ford Bronco Depreciation (1)

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Ford Bronco Depreciation

Years OldDepreciationResidual ValueResale ValueMileageResale Year
1$3,55892.50%$43,88212,0002022
2$5,91687.53%$41,52424,0002023
3$8,92881.18%$38,51236,0002024
4$11,57175.61%$35,86948,0002025
5$16,48565.25%$30,95560,0002026
6$21,06355.60%$26,37772,0002027
7$23,45950.55%$23,98184,0002028
8$26,03045.13%$21,41096,0002029
9$28,64039.63%$18,800108,0002030
10$31,45333.70%$15,987120,0002031

Ford Bronco Depreciation

Years OldDepreciationResidual ValueResale Value
1$3,55892.50%$43,882
2$5,91687.53%$41,524
3$8,92881.18%$38,512
4$11,57175.61%$35,869
5$16,48565.25%$30,955
6$21,06355.60%$26,377
7$23,45950.55%$23,981
8$26,03045.13%$21,410
9$28,64039.63%$18,800
10$31,45333.70%$15,987

Buying a Ford Bronco New vs Used

If you purchase a used Ford Bronco that is 2 years old, then you could save $5,916 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $10,569. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Bronco models become available.

What About Ford Bronco Insurance Costs?

The average cost to insure a Ford Bronco is about $0 per year.This adds up to around $0 after 5 years of vehicle ownership.Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums.Comparing quotes will ensure that you are not overpaying if you already own a Ford Bronco. Or, if you are just researching, then it would be money-wise to know this cost before buying.Try our Competitive Quote Tool or the form below to get free quotes.Advertising Disclosure

Ford Bronco Depreciation Rankings

Other Ford Bronco Costs of Ownership

Finding a car or truck that saves on depreciation costs is important.But, it's also imperative to view all major Ford Bronco costs.This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost.We've created tools that will also help you to save on the following ownership expenses:

Ford Bronco Depreciation (2024)

FAQs

Does a Ford Bronco hold its value? ›

In the first year of ownership, it will depreciate around 8% and will continue to drop from there. A typical Ford Bronco should be able to sell for more than half its original price after the first five years of ownership, which is an excellent feat.

How much will a Ford Bronco depreciate? ›

The Ford Bronco holds the 17th position in Ford's lineup and has a resale value of 50.6%, indicating that it may not be the most popular vehicle in its class, but it still retains over half of its value after five years. This is a reasonable depreciation rate for cars of its kind.

What is the residual value of the 2024 Ford Bronco? ›

A 2024 Ford Bronco will depreciate $14,463 after 5 years and have a 5-year residual value of $27,062. With out of pocket expenses at $29,847, the total Cost to Own of the 2024 Ford Bronco is $44,310.

Are Ford Broncos expensive to maintain? ›

Estimating Ford Bronco Maintenance Costs

The cost of maintaining and repairing a Ford Bronco can vary widely, but owners can generally expect to spend between $95 and $404 per service visit, with an average of $134.

Why is everyone buying Ford Bronco? ›

Part of why the new Bronco is so popular is simply that it's a unique vehicle. In an age where manual transmissions are being phased out, the Bronco offers it as an option. The Bronco doesn't forget its off-road roots either. The off-road-focused Sasquatchpackage can be added to any trim level.

What are the cons of the new Ford Bronco? ›

Cons for Buying a Ford Bronco

Comfortable Seats, Not So Comfortable to Move Them: It's mostly common by now that popular models of vehicles include the function to electrically adjust the seat, but Ford's Bronco doesn't have this feature.

What year is Bronco most reliable? ›

Out of all the years of the first-generation Bronco, 1977 is widely considered to be the best year although anything from 74 is not only sought after, but more widely available.

What year is Bronco worth the most? ›

For example, Early Bronco models (those produced from 1966-1977) are typically more valuable than later models. Similarly, Broncos with rare features such as the Half Cab or Roadster can also fetch higher prices.

What is the average life of a Ford Bronco? ›

The specific lifespan is a mystery as there are many factors that are bound to influence how long will a Bronco last. With proper maintenance and care, the new Bronco should last anywhere from 150,000 to 200,000 miles or more.

Is the Ford Bronco selling well? ›

The Bronco and Mustang are trending downward. The Bronco is way off the mark, sliding 25.8 percent with 24,066 sales compared to the same period last year.

Why is the Bronco markup so high? ›

With the Bronco, there is a high demand and long waiting lists with consumers, so dealers are charging a premium, but as those orders catch up with customers, demand will fall and so will the value.

Is the Bronco reliable? ›

While the 2.7-liter engine is rated at 17-18/17-20 mpg. When it comes to reliability, it is not the best. Consumer Reports rated the 2022 Ford Bronco reliability rating at 30/100.

Is insurance high on Broncos? ›

Ford Bronco auto insurance at a glance:

Average car insurance cost for a 40-year-old driver: $1,966 a year. Cheapest insurance companies for Ford Bronco auto insurance: Nationwide, Erie, USAA* Lowest-cost state for Bronco insurance: Vermont. Most expensive state for Bronco insurance: Louisiana.

Do Ford Broncos retain value? ›

Now, the Ford Bronco has repeated that feat for 2024, too. The 2023 Ford Bronco finished fourth among all new vehicles with an estimated five-year resale value of 65.4 percent, but this year, it fared even better, ranking first with a score of 66.7 percent.

Are Broncos more expensive than jeeps? ›

Winner: 2024 Jeep Wrangler

For 2024, the Jeep Wrangler starts at $31,895 for two-door versions. That's less than the Ford Bronco's starting price of $39,870.

What year is Bronco most desirable? ›

The Most Desirable Year for Vintage Broncos

When it comes to the most desirable year for the Ford Bronco, many enthusiasts point to the 1977 model year. This was the last year of the first-gen Broncos, and it perfectly blends classic style with modern features.

Are Ford Broncos reliable vehicles? ›

Quality and Reliability 75.0/100

The 2024 Ford Bronco has a predicted reliability score of 75 out of 100. A J.D. Power predicted reliability score of 91-100 is considered the Best, 81-90 is Great, 70-80 is Average and 0-69 is Fair and considered below average.

How long should a Ford Bronco last? ›

With proper maintenance and care, the new Bronco should last anywhere from 150,000 to 200,000 miles or more.

Which Broncos are valuable? ›

For example, Early Bronco models (those produced from 1966-1977) are typically more valuable than later models. Similarly, Broncos with rare features such as the Half Cab or Roadster can also fetch higher prices.

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