Used 2016 Ford Mustang for Sale nearWoodbridge, ON

How much does the 2016 Ford Mustang cost?

Prices have softened 5.27% compared to this time last year, making it a favourable time to shop this model year.

There are 143 listings available, which gives you 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, handling, and stylish design, and many also like the value it offers compared with similar cars. That makes it a strong fit if you want an iconic rear-wheel-drive sports car that can still work as an everyday driver. With 30.1% of listings marked as good or great deals, you have a decent chance of finding a competitive example.

Is the 2016 Ford Mustang reliable?

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

The owner feedback points to a car that many people find dependable enough to enjoy over time, especially when it comes to its overall driving experience and lasting appeal. The strongest reliability takeaway is that satisfied owners tend to keep recommending it, which usually reflects a trouble-free ownership experience for many examples. For used buyers, the main long-term risk is choosing a poorly maintained car, so service history matters a lot.

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 patiently and still find worthwhile listings.

• Deal availability: 30.1% of listings are priced as good or great deals.
• Inventory: There are 143 listings available.
• Price trend: Prices have softened 5.27% 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 $23,913 CAD sits slightly below last year's $25,244 CAD.

That price movement suggests the market has eased, which can make the car more attractive to buyers today but slightly less favourable for sellers trying to maximise return. If you plan to resell later, a softer current market means your upside may depend more on condition, mileage, and trim desirability. Well-kept examples should still hold attention because the Mustang name remains broadly appealing.

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:

• 30.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.27% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $23,503 CAD, the 2015 costs less than the current year's $23,913 CAD average.
• The 2015 brings a major redesign with stronger technology and broader appeal.

The bottom line:
Buy the 2016 if you want the stronger current-market value story and a wide pool of listings to compare. If you are more price-sensitive, the 2015 is the better alternative because it costs less and still delivers the redesigned Mustang experience.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.