Choosing between the 2023 Toyota Highlander and Ford Explorer involves more than just evaluating their features—it’s also about understanding the long-term financial implications. This comparison delves into how these two SUVs stack up over time in terms of affordability, offering insights to help potential buyers make a well-informed decision.
Cost and Efficiency: A Tight Race
The base models of the Toyota Highlander and Ford Explorer are similarly priced, with the Highlander starting at $36,620 and the Explorer at $36,700. Both SUVs also have comparable fuel efficiency; the Explorer achieves 21 mpg city and 28 mpg highway, while the Highlander delivers slightly better at 22 mpg city and 29 mpg highway. Notably, the Explorer comes with rear-wheel drive, whereas the Highlander features front-wheel drive, which might influence your choice depending on your driving style.
Five-Year Ownership Costs: A Closer Look
Over a five-year period, which encompasses depreciation, insurance, fuel, and maintenance, the Toyota Highlander is predicted to be more budget-friendly. Edmunds estimates that the Highlander will cost several thousand dollars less than the Explorer over five years. This savings is largely attributed to the Highlander’s lower repair costs and slightly superior fuel efficiency.
Choosing the Right SUV: Weighing Your Options
Even though the Highlander offers lower long-term costs, selecting the best SUV involves more than just financial considerations. Both the Highlander and Explorer have unique attributes that might cater to different preferences. Whether you value rear-wheel drive performance or enhanced fuel efficiency, it’s essential to assess each vehicle’s features and how they align with your personal needs and driving habits.