Used 2023 Ford Mustang for Sale nearScarborough, ON

How much does the 2023 Ford Mustang cost?

Prices have softened 3.26% compared to this time last year, making it a favourable time to shop this model year.

There are 195 listings available, which suggests you have a modest 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, styling, and value, and many also highlight the sound system and convertible option as standout features. That makes it a strong fit if you want a rear-wheel-drive sports car with broad appeal and a classic Mustang formula. With 31.3% of listings marked as good or great deals, there is still some room to shop selectively.

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 feels dependable in day-to-day use, with satisfaction tied to performance and the overall ownership experience. The repeated praise for the driving experience and value suggests many owners feel confident living with it over time. For used buyers, the main long-term ownership risk is making sure any example you consider has been checked carefully for repair history and prior warranty work.

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

This looks like a moderate, selective buyer's market, so you can shop patiently and still find worthwhile listings.

• Deal availability: 31.3% of listings are priced as good or great deals.
• Inventory: There are 195 listings available.
• Price trend: Prices have softened 3.26% compared with last year.

If you find a listing below $42,849 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 $43,709 CAD sits slightly below last year's $45,182 CAD.

That softer pricing suggests the market has eased a bit, which can help you buy more carefully now but may also limit upside if you plan to resell soon. If prices remain stable, a well-kept example should still hold reasonable appeal because the Mustang name carries broad recognition and steady shopper interest. Strong owner satisfaction can also help support future demand when you decide to sell.

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:

• 31.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 3.26% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,946 CAD, the 2024 costs more than the current year's $43,709 CAD average.
• It brings major interior and technology upgrades.

The bottom line: Choose the 2023 if you want the stronger value play and are comfortable shopping the used market carefully. If you want the newer cabin and tech improvements, the 2024 is the better path, but price-sensitive buyers will likely find the 2023 easier to justify.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.