Used 2016 Ford Mustang for Sale nearPeterborough, ON

How much does the 2016 Ford Mustang cost?

Prices have softened 5.49% compared to this time last year, making it a favourable time to shop this model year.

There are 146 listings available, which suggests a modest amount of inventory 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, while also appreciating its stylish design and the value it offers compared with similar cars. For you, that makes it a compelling choice if you want a sporty coupe or convertible with broad appeal and everyday usability. With 24.7% 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 4.85/5, a strong signal of long-term satisfaction.

Owner feedback also points to a car that many drivers find dependable over time, with praise centred on its fun driving character, smooth ride, and overall satisfaction. That said, used buyers should still pay close attention to service records and inspection results, because long-term ownership risk is best managed by choosing a well-documented example.

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

This looks like a moderate market for selective buyers, so you can shop patiently but should move quickly on the right car.

• Deal availability: 24.7% of listings are priced as good or great deals.
• Inventory: There are 146 listings available.
• Price trend: Prices have softened 5.49% 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 $23,976 CAD sits slightly below last year's $25,368 CAD.

That softer pricing can work in your favour if you buy now, but it also means future resale gains may be more limited unless the car is especially well kept. If you plan to sell later, condition, documentation, and trim desirability will matter more when the market is already leaning lower. Strong owner satisfaction can help support demand when it is time to list.

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:

• 24.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.49% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $23,567 CAD, the 2015 costs less than the current year's $23,976 CAD average.
• The 2015 is a redesigned anniversary model with broad appeal and a more modern feel.

The bottom line: Choose the 2016 if you want the stronger current-market balance of price, inventory, and owner satisfaction. If your priority is saving a bit more upfront, the 2015 is the better price-sensitive alternative and still delivers the Mustang’s core appeal.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.