Used 2016 Ford Mustang for Sale near Ontario

How much does the 2016 Ford Mustang cost?

Prices have softened 3.76% compared to this time last year, making it a favourable time to shop this model year.

There are 142 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2016 Ford Mustang a good car?

Yes — the 2016 Ford Mustang earns a 4.8/5 user rating, which points to strong owner satisfaction. Owners consistently praise its fun and smooth ride, performance, handling, and stylish design, and many also like the value it offers compared with similar cars. For you, that makes it a compelling choice if you want a rear-wheel-drive sports car that still feels more refined and usable day to day. With 27.5% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2016 Ford Mustang reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that many drivers find dependable and enjoyable over time, especially when it comes to its smooth driving character and lasting appeal. That said, used buyers should still inspect carefully for model-specific issues and confirm maintenance history before committing to long-term ownership.

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 are patient.

• Deal availability: 27.5% of listings are priced as good or great deals.
• Inventory: There are 142 listings available.
• Price trend: Prices have softened 3.76% compared with last year.

If you find a listing below $21,243 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 $23,791 CAD sits slightly below last year's $24,719 CAD.

That softer pricing can be helpful if you are buying now, but it also means future sellers may face a more competitive market if prices continue to ease. The current range still leaves room for well-kept examples to hold value better than average, especially if they are priced near the lower end of the market. Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, 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:

• 27.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 3.76% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $22,665 CAD, the 2015 costs less than the current year's $23,791 CAD average.
• It brought a major redesign that improved dynamics and technology.

The bottom line:
Choose the 2016 if you want the stronger current-market balance of price, inventory, and owner satisfaction. If your priority is spending less up front, the 2015 is the better value-oriented alternative, especially if you find a clean example with the features you want.

How does the 2016 Ford Mustang compare to the 2016 Chevrolet Camaro?

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.