Used 2016 Ford Mustang for SaleNationwide

How much does the 2016 Ford Mustang cost?

Prices have softened 5.31% compared to this time last year, making it a favourable time to shop this model year.

There are 139 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 is a strong sign that owners are very satisfied with it. 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 an everyday driver or a more serious performance machine, this model year fits that brief well. With 28.8% of listings marked as good or great deals, you still have some room to shop carefully.

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 enjoy living with over time, especially because of its fun driving character and smooth ride. That said, the model year also has some known concerns in the broader ownership conversation, so a well-documented service history matters. For used buyers, the main long-term ownership risk is ending up with a poorly maintained example rather than a carefully cared-for one.

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’re patient.

• Deal availability: 28.8% of listings are priced as good or great deals.
• Inventory: There are 139 listings available.
• Price trend: Prices have softened 5.31% compared with last year.

If you find a listing below $21,240 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 $23,677 CAD sits slightly below last year's $25,005 CAD.

That softer pricing suggests the market has eased a bit, which can help you buy more selectively today. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and how well the car has been maintained. Well-kept examples should hold attention better than neglected ones, especially in a segment where buyers compare condition closely.

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:

• 28.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.31% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $23,735 CAD, the 2015 costs more than the current year's $23,677 CAD average.
• The 2015 brought a major redesign with stronger dynamics and updated technology.

The bottom line: If you want the better value play, the 2016 is the more appealing starting point because pricing has eased and owner satisfaction is strong. If you’re shopping mainly on price, the 2015 is still worth a look, but the 2016 gives you a slightly lower average cost with similar core appeal.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.