Used 2023 Ford Mustang for Sale near Ontario

How much does the 2023 Ford Mustang cost?

Prices have softened 2.16% compared to this time last year, making it a favourable time to shop this model year.

There are 174 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Ford Mustang a good car?

Yes — the 2023 Ford Mustang earns a 5/5 user rating, which points to very strong owner satisfaction.

Owners consistently praise its performance, driving experience, and styling, and many also highlight the convertible feature and sound system. That makes it a strong fit if you want a rear-wheel-drive performance car with broad appeal and a choice of body styles. Some owners do note a lack of luxury features, so it suits you best if driving enjoyment matters more than premium cabin polish.

With 29.9% of listings marked as good or great deals, there is still meaningful market opportunity if you shop carefully.

Is the 2023 Ford Mustang reliable?

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

The owner feedback points to a car that many people find dependable and enjoyable over time, especially for performance and everyday use. That said, the model-year overview also flags potential mechanical concerns, so a careful inspection matters if you want to reduce long-term ownership risk.

Is now a good time to buy a used 2023 Ford Mustang?

This looks like a moderate, selective buyer's market, so you have room to compare listings and wait for the right one.

• Deal availability: 29.9% of listings are priced as good or great deals.
• Inventory: There are 174 listings available.
• Price trend: Prices have softened 2.16% compared with last year.

If you find a listing below $42,177 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Mustang's resale value?

The current average of $42,721 CAD sits slightly below last year's $43,663 CAD.

That softer pricing can help you buy in at a more favourable point, but it also suggests resale values have eased compared with a year ago. If you plan to sell later, the current market indicates you may not see rapid appreciation, so condition and mileage will matter a lot. Strong owner satisfaction can still help support demand when it is time to list.

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

Should I buy a 2023 Ford Mustang or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 29.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.16% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,392 CAD, the 2024 costs more than the current year's $42,721 CAD average.
• It adds a significantly upgraded interior and technology.

The bottom line: Choose the 2023 if you want the better value and a wide pool of listings to shop from. If you are willing to pay more for newer tech and a more modern cabin, the 2024 is the stronger upgrade path. For price-sensitive buyers, the 2023 is the more practical buy.

How does the 2023 Ford Mustang compare to the 2023 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.