The 2018 Ford Edge was a very popular SUV when it came out. With an MSRP starting at $29,000 and up to $40,000, this Ford SUV was a first choice for many car buyers who wanted a wholesome SUV.
But as time goes by, despite its initial appeal for fuel efficiency and comfort, the vehicle has reported various problems. For this reason, probably, the price of a used 2018 Ford Edge has dropped significantly in the last months, even more than 30%. We're talking about problems that can scare every driver or discourage them from buying a used car.
In any case, it is good to remember that each vehicle is different from the others, and the price can vary according to many factors. But now let’s go into more detail and talk about the 2018 Ford Edge and its recent price drop.
How Much Does A 2018 Ford Edge Go For Today?
If you wanted to sell this car a little less than a year ago, you would certainly have made a deal. On the other hand, if you bought a 2018 Ford Edge at the same time, the deal was made by the one who sold it to you. Let us be clear, these are not personal considerations, but statements based on concrete data. According to Edmunds.com, the price of the 2018 Edge has dropped significantly in the last 8 months.
In May 2022, selling this car would have yielded you about $22,000. Definitely an interesting haul. And yet, by selling it a month later, you would have made about $1,000 less. By August, the value had fallen again. A drop from three months before, but still a good figure.
However, things started to get worse with the advent of September, when the 2018 Ford Edge value dropped below the $20,000 mark for the first time, costing an average of $19,000. This continued to drop from month to month, almost a loss of $1,000 every four weeks. Today, January 2023, this car is worth just $16,000. The price of this car, like some other cheap models you should avoid, is in free fall. We believe that in the coming months, the price could continue to fall further.
What Are The Major Issues With The 2018 Ford Edge?
Faced with such a large price drop, it is impossible to hide. Yes, the 2018 Ford Edge over the years has reported various problems. These have made the owners increasingly unhappy and, therefore, willing to sell their vehicles. But what problems are we talking about? Beyond the small malfunctions that all cars can have, there are problems that seem to be very common with Ford, and this model is no exception.
One of these concerns the headlights, a fundamental element in driving safety. These don’t seem to offer enough lighting for night driving. It seems that it is often difficult even to identify the boundaries of your lane. As you can imagine, this problem can scare a driver a lot, especially one who is often forced to drive in the dark. It seems then that it is impossible to adjust the headlights and therefore solve this problem independently.
But it’s not over here. The battery is no less. Many users have reported too short battery life, which tends to run out too early. After only 1500 miles, it often dies. Then it seems that substitution doesn’t really solve the problem, and this keeps repeating itself. Do you think that’s all? The NHTSA has even issued an official recall regarding the power cables on the alternator and the starter motor. These, from the factory, have not been fixed in the right way. In the worst case, they can even generate a fire. Are you beginning to see what’s behind the price drop?
Is The 2018 Ford Edge Worth Buying In 2023?
Despite all the problems listed, this car also has its merits. Driving the 2018 Ford Edge is distinguished by its responsiveness, comfort of the interior, and the power of the Ford 2.0L I-4 EcoBoost engine. In addition, considering its purchase price, it was named among the best-used SUVs with the best fuel economy by Consumer Reports.
This has an average fuel economy of 22 miles per gallon. Not bad, actually. And yet, considering all the flaws we’ve talked about, the scales seem to be tilting more on the other side. For this reason, perhaps, if you own this car and are looking forward to getting rid of it, it might be convenient for you to sell it.
If you are looking for an SUV that can offer you good performance and reliability, looking elsewhere might be a good choice for you. There are many similar SUV models that you can buy used. For example, the Honda CR-V is a good car if you are looking for reliability and durability.
But also other models on the market can suit your needs, like the Toyota RAV4 (even though you should avoid some years). Last but not least, the Mazda CX-5 may be a good option if you need a used compact SUV. Don’t forget that if you are fond of Ford, especially this model, you can take a look at the 2016 Ford Edge, an underrated model.
We hope we have been helpful with this analysis, and for the bucket of your finances, we hope that your Ford Edge can be sold again at higher prices.
Sources: Edmunds, Car Complaints, Ford, NHTSA