Used 2016 Ford Mustang for Sale nearMoncton, NB

How much does the 2016 Ford Mustang cost?

Prices have softened 7.72% compared to this time last year, making it a favourable time to shop this model year.

There are 138 listings available, which suggests a modest amount of inventory for shoppers to compare.

Is the 2016 Ford Mustang a good car?

Yes — the 2016 Ford Mustang earns a 4.85/5 user rating, which points to strong owner satisfaction. Owners consistently praise its fun and smooth ride, performance, and handling, and many also like its stylish design and the value it offers compared with similar cars. If you want a rear-wheel-drive sports car that can work as an everyday driver or a more serious performance machine, the Mustang’s broad range of configurations makes it especially appealing. With 30.4% of listings marked as good or great deals, you still have room to shop carefully.

Is the 2016 Ford Mustang reliable?

Owners rate it 4.85/5, a strong signal of long-term satisfaction.

The owner feedback also points to a car that feels dependable in day-to-day use, with praise for its smooth ride, performance, and handling. That said, used buyers should still pay close attention to service records and condition, since a well-documented example matters more than a quick glance at the badge. Long-term ownership risk is best managed by choosing a carefully maintained car and avoiding examples with unclear history.

Is now a good time to buy a used 2016 Ford Mustang?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 30.4% of listings are priced as good or great deals.
• Inventory: There are 138 listings available.
• Price trend: Prices have softened 7.72% compared with last year.

If you find a listing below $21,220 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Ford Mustang's resale value?

The current average of $23,321 CAD sits slightly below last year's $25,270 CAD.

That price movement suggests the market has cooled a bit, which can make the car easier to buy now but may also limit short-term upside for a future seller. If you plan to resell later, buying at the lower end of the range gives you a better chance of protecting your equity. Strong demand can still help, especially for well-kept examples with desirable equipment and clear history.

Vehicles with strong owner satisfaction ratings, like this model year's 4.85/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Ford Mustang or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 30.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.72% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $23,831 CAD, the 2015 costs more than the current year's $23,321 CAD average.
• The 2015 offers a big redesign with stronger dynamics and more modern technology.

The bottom line: The 2016 is the better primary pick if you want the strongest mix of value, owner satisfaction, and current market softness. If you are price-sensitive, the 2015 can still make sense when you find a clean example with the right history and equipment, but you should expect to pay a bit more on average.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.