Used 2016 Ford Mustang for Sale near Ontario

Summary

• With 146 currently listed for sale and an average price of $23,747 CAD, 27.4% of 2016 Ford Mustangs for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2016 Ford Mustang 4.85 / 5 stars.

• 100.0% of 2016 Mustang models on CarGurus are accident free.

Why it stands out

The 2016 Ford Mustang stands out because it combines the Mustang’s long-running rear-wheel-drive formula with a more modern, global-era design. This generation brought a sleeker, smoother look, coupe and soft-top convertible body styles, and an independent rear suspension as part of a ground-up redesign. It was also the first Mustang Ford produced and marketed for a global audience, which helped broaden its appeal without abandoning the car’s familiar character.

For 2016, the Mustang offered Ford’s EcoBoost turbocharged 2.3-litre inline four-cylinder engine in base trims, while other available engines included a 3.7-litre V6, the 5.0-litre Coyote V8, and two versions of the 5.2-litre V8 exclusive to the Shelby GT350 and the GT500. Transmission choices varied by engine and included two six-speed manuals, six- and 10-speed automatics, and a seven-speed dual-clutch automatic. That breadth of choice is a major part of the car’s appeal, and it helps explain why the Mustang can suit buyers looking for anything from everyday usability to serious performance.

There are a few cautions to keep in mind. EcoBoost models are known for oil consumption and potential head gasket failure, and the transmission may be prone to slippage. The generation also has a reputation for powertrain issues in general, so a well-documented example matters. Even so, the 2016 Ford Mustang remains attractive for shoppers who want an iconic sports car with strong performance, distinctive styling, and a wide range of configurations.

Other model years to consider

• 2025 Ford Mustang

  • Average price: $46,280 CAD
  • Good/great deal percentage: 36.6%
  • User rating: 5 / 5
  • Total listings: 224

• 2023 Ford Mustang

  • Average price: $45,109 CAD
  • Good/great deal percentage: 36.1%
  • User rating: 5 / 5
  • Total listings: 202

• 2018 Ford Mustang

  • Average price: $25,995 CAD
  • Good/great deal percentage: 29.6%
  • User rating: 4.61 / 5
  • Total listings: 189

This analysis is based on CarGurus' proprietary market data from September 7, 2026, CarGurus experts' opinions, and generative AI.