Used 2021 Ford Mustang for Sale nearMississauga, ON

How much does the 2021 Ford Mustang cost?

Prices have softened 3.97% compared to this time last year, making it a favourable time to shop this model year.

There are 144 listings available, which suggests you should have a reasonable range of options to compare.

Is the 2021 Ford Mustang a good car?

Yes — the 2021 Ford Mustang earns a 4.7/5 user rating, which points to strong owner satisfaction.

Owners consistently praise its performance, looks, and features, and many enjoy how fun and exciting it feels to drive. The Mustang’s broad range of versions also helps you match the car to your needs, whether you want a more approachable daily driver or a more performance-focused setup. For shoppers who want an iconic sports car with coupe or convertible body styles, that mix of heritage and versatility is a major part of the appeal.

With 31.9% of listings marked as good or great deals, there is still meaningful market opportunity if you shop carefully.

Is the 2021 Ford Mustang reliable?

Owners rate it 4.7/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that many drivers feel good about living with over time, especially because they value its performance and overall driving enjoyment. The recurring praise for its features and styling also suggests that many owners feel the car delivers on the experience they expected when they bought it.

For used buyers, the main long-term ownership risk is making sure the specific car you choose has been well maintained and checked carefully before purchase.

Is now a good time to buy a used 2021 Ford Mustang?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 31.9% of listings are priced as good or great deals.
• Inventory: There are 144 listings available.
• Price trend: Prices have softened 3.97% compared with last year.

If you find a listing below $38,747 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2021 Ford Mustang's resale value?

The current average of $39,116 CAD sits slightly below last year's $40,732 CAD.

That softer pricing can be helpful if you are buying now, but it also means future sellers may face a more competitive market if prices continue to ease. If demand stays steady, the Mustang’s strong enthusiast appeal should help support values better than a more ordinary used car. The broad interest in the nameplate also gives it a wider buyer pool when it is time to resell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.7/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2021 Ford Mustang or consider a different year?

If you're weighing the 2021 against nearby model years, here's how to think about it:

Choose the 2021 if:

• 31.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 3.97% compared with last year.
• Owners rate it 4.7/5 — a strong satisfaction signal.

Consider the 2020 if:

• At $39,020 CAD, the 2020 costs less than the current year's $39,116 CAD average.
• It offers strong value and engaging driving dynamics.

The bottom line: If you want the current-year Mustang with a solid mix of pricing, inventory, and owner satisfaction, the 2021 is the better default choice. If your priority is shaving a little more off the purchase price, the 2020 is the sensible secondary path.

How does the 2021 Ford Mustang compare to the 2021 Chevrolet Camaro?

Read our full side-by-side expert comparison here.

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