2021 Lincoln Navigator L loses 61% of its value in five years — here’s the breakdown

The 2021 Lincoln Navigator L, the long-wheelbase luxury SUV from Ford’s premium brand, has shed a staggering 61% of its original value in just five years.

When new, the Navigator L carried a starting MSRP of $83,870, but Kelley Blue Book’s current fair purchase price pegs it at $33,100. That’s a drop of nearly $51,000 compared with a brand-new model priced at $92,745.

The extended-length Navigator L has depreciated slightly more than the standard Navigator, which has lost about 58% of its original $80,670 starting price and now sits at roughly $34,100. The gap widens when comparing top-tier trims.

The 2021 Navigator Reserve started at $86,460 and now averages $38,900 (55% depreciation), while the Navigator L Reserve launched at $86,460 and is now valued at $38,000 (58% depreciation).

The biggest loser is the Black Label trim: the Navigator L Black Label debuted at $103,150 and now averages $39,700, a 62% plunge, compared with the regular Navigator Black Label’s 57% drop from $99,950 to $42,500. Today’s used prices vary widely based on mileage and condition.

Listings on CarGurus show a 2021 Navigator L Reserve with 138,593 miles priced just under $30,000, while a low-mileage Reserve L with 33,000 miles is listed at nearly $55,000.

On Edmunds, a high-mileage Navigator L is advertised for $25,999, and a low-mileage Black Label L with 32,000 miles is asking $57,998.

Despite the steep depreciation, the standard Navigator remains easier to park in urban environments, giving it an edge over the longer L model for city driving.