Used 2016 Ford Mustang for SaleNationwide

How much does the 2016 Ford Mustang cost?

Prices have softened 3.31% compared to this time last year, making it a favourable time to shop this model year.

There are 135 listings available, which gives you a solid amount of choice in the used market.

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, 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 a coupe or soft-top convertible, this model year fits that brief well. With 28.9% of listings marked as good or great deals, you also have a decent chance of finding a competitively priced example.

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 in day-to-day use, with praise for its smooth driving character and overall enjoyment. That said, used buyers should still pay close attention to maintenance history and condition, especially if they are considering higher-mileage examples or versions with known trouble spots.

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

This is a moderate market for selective buyers, so it rewards shoppers who compare listings carefully and move quickly on well-priced examples.

• Deal availability: 28.9% of listings are priced as good or great deals.
• Inventory: There are 135 listings available.
• Price trend: Prices have softened 3.31% compared with last year.

If you find a listing below $21,245 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 $23,521 CAD sits slightly below last year's $24,327 CAD.

That softer pricing suggests the market has become a bit more buyer-friendly, which can make it harder for a future seller to command top dollar immediately. Even so, the Mustang's broad appeal and strong enthusiast following help support demand. If you buy well and keep the car in good condition, you should be in a better position when it comes time to resell.

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:

• 28.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 3.31% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $23,052 CAD, the 2015 costs less than the current year's $23,521 CAD average.
• It introduced the redesign with a big step forward in dynamics and technology.

The bottom line:
Choose the 2016 if you want the newer-year value balance and a healthy pool of listings to compare. If your priority is saving a bit more upfront, the 2015 is the better secondary path, especially if you find one with the right condition and equipment.

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

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.