2024 Ford Explorer vs 2024 Toyota Highlander vs 2024 Honda Pilot

Value & Cost of Ownership

When considering value and long-term cost of ownership, the Toyota Highlander consistently stands out. Its strong reputation for reliability translates directly into lower maintenance costs over time and excellent resale value. Toyota models are known to retain their value exceptionally well, often leading the segment. Insurance costs for the Highlander are typically average to slightly below average. The Honda Pilot also offers very strong value, benefiting from Honda's reputation for reliability and solid resale value, though it usually trails the Highlander slightly. Maintenance costs are competitive and generally reasonable. Insurance rates are usually on par with the Explorer, possibly slightly lower. The Ford Explorer offers a competitive initial purchase price, especially considering its performance capabilities, but its long-term cost of ownership can be slightly higher than the Japanese rivals. While Ford has improved reliability, its resale value typically lags behind Toyota and Honda. Maintenance costs are generally competitive for the segment but may be marginally higher than the Highlander's. Insurance costs are typically average for a vehicle of its size and power.