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Cost to Own

2024 Ford Escape Cost to Own

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A 2024 Ford Escape will depreciate $18,714 after 5 years and have a 5-year residual value of $12,276. With out of pocket expenses at $35,420, the total Cost to Own of the 2024 Ford Escape is $54,134.

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Miles Driven / Year
Average Costs

The 2024 Ford Escape is in the middle 26-75% for Cost to Own among all Compact SUV/Crossovers.

5-Year Cost to Own: $54,134

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $35,420
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation
Depreciation (Loss in Value) $18,714
The car's estimated loss in value from the purchase date over 5 years.
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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

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Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Ford Escape photo
2024 Ford Escape

Cost to Own: $54,134

MSRP: $30,990

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Compare Out of Pocket Expenses

New 2024
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Ford Escape
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Total Out of Pocket Expenses
$35,420
-
-
Fuel
$4,729
-
-
Maintenance
$3,285
-
-
Insurance
$19,200
-
-
Repairs
$1,711
-
-
Financing
$3,759
-
-
State Fees
$2,736
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-

Compare 5-Year Depreciation

2024 Ford Escape
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5-year Cost to Own Breakdown

2024 Ford Escape
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,004
$954
$927
$924
$920
$4,729
Insurance
$3,840
$3,840
$3,840
$3,840
$3,840
$19,200
Financing
$1,304
$1,042
$766
$476
$171
$3,759
State Fees
$2,440
$74
$74
$74
$74
$2,736
Maintenance
$226
$767
$295
$1,771
$226
$3,285
Repairs
-
-
$395
$658
$658
$1,711
Depreciation
$9,161
$2,766
$2,588
$2,045
$2,154
$18,714
Cost To Own
$17,975
$9,443
$8,885
$9,788
$8,043
$54,134
2024 Ford Escape Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$18,714
5-Year Out of Pocket Expenses:$35,420
5-Year Cost to Own:$54,134
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FAQs

As of May 2025 insuring a Ford Escape 2024 will cost approximately $19,200 dollars to insure per year, or $1,600 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of May 2025 average annual maintenance costs for a Ford Escape 2024 run about $657 dollars, totaling approximately $3,285 dollars over five years.

As of May 2025 average annual depreciation for a Ford Escape 2024 runs about $3,742 dollars, totaling approximately $18,714 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Ford Escape 2024 can be expected to depreciate around $18,714 dollars over the course of 5 years, averaging $3,742 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Ford include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Ford Escape 2024 run about $657 dollars or $3,285 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Ford.

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