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Chevrolet Equinox vs Ford Explorer: 5-year value retention (57% vs 57%), resale value, and cost of ownership head-to-head. Chevrolet Equinox holds its value better.
On five-year value retention the Chevrolet Equinox comes out ahead, holding about 57% of its value versus 57% for the Ford Explorer. Over the first five years the Chevrolet Equinox loses roughly $12,150 while the Ford Explorer loses about $16,694 — a gap near $4,544.
First-year drop is the biggest factor: the Chevrolet Equinox sheds about 13% in year one versus 4% for the Ford Explorer. If you buy used, the steeper early drop is what the original owner absorbs.