Used Ford Mustang for Sale nearAjax, ON

How much does the Ford Mustang cost in today's market?

Used Ford Mustang prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Mustang's current nationwide average price is $36,296 CAD, and its lowest point over the past year was $36,076 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Ford Mustang a good car?

Yes — the Ford Mustang remains a compelling used performance car thanks to its strong driving character and broad appeal. The all-generations owner rating is 4.62/5 across every model year in the data.

Owners consistently praise the Mustang for its powerful performance, fun driving experience, and iconic styling. Many also highlight the variety of engine choices and the sound of the V8 models, which adds to the car’s appeal.

Expert reviews rate the 2018 and 2020 models among the highest across all years.

The main trade-offs that show up in recent expert reviews are a cramped back seat, limited cargo space, and a noisy cabin. Those are the kinds of compromises you should expect if you want a used Mustang’s style and performance.

30.0% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners and experts consistently praise the Mustang for its strong performance, engaging driving experience, and distinctive styling. Across the years in the data, it also earns solid owner satisfaction scores, which points to a model that continues to resonate with used buyers.

• Owners rate the Ford Mustang between 4.42 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by choosing a well-documented example and reviewing service history carefully, especially on higher-mileage cars.

What should I look for when buying a used Ford Mustang?

Key things to evaluate:

• Safety package: frontal collision warning with automatic emergency braking, lane-keep assist, a blind-spot monitor with rear cross-traffic alert, rear parking sensors, rain-sensing wipers, and automatic high beams
• Infotainment: a large 13.2-inch infotainment touchscreen with the Sync 4 infotainment system, plus Apple CarPlay and Android Auto
• Fuel efficiency: The four-cylinder EcoBoost will return 10.8 litres per 100 kilometres in the city, 7.1 on the highway, and 9.2 in combined driving. The Performance Pack increases the numbers to 11.1/8.2/9.8 The V8-powered GT is rated at 15.8 L/100 km city, 9.8 hwy, and 13.1 combined with the automatic transmission. The manual transmission raises fuel consumption figures to 16.6/10.2/13.8.

Which Ford Mustang trim should I buy?

The 2024 Ford Mustang offers these trims:

• EcoBoost: The entry turbo-four trim brings 315 horsepower, rear-wheel drive, and the 13.2-inch touchscreen with Sync 4; it suits you if you want the most accessible way into the Mustang lineup.
• EcoBoost Premium: This trim adds a more upscale cabin presentation, with the single-enclosure screen layout and extra comfort and convenience features that make it the best-value choice for many shoppers.
• GT: The V8 GT adds 480 hp, a six-speed manual, and a more serious muscle-car character for drivers who want stronger performance.
• GT Premium: This trim builds on the GT with the convertible option and additional premium equipment, making it the right pick if you want V8 power with more comfort and flexibility.
• Dark Horse: The Dark Horse sits at the top of the range with 500 hp and additional performance enhancements for buyers who want the most focused factory Mustang.
• GT Convertible: This open-top version adds the convertible body style to GT Premium equipment and suits you if you want V8 performance with roof-down driving.

What Ford Mustang do most buyers choose?

The Ford Mustang years with the most listings are 2024, 2025, and 2023.

These higher-volume years tend to be popular because they give you more choice in trims, body styles, and prices. They also usually reflect the strongest mix of newer features and broader availability in the used market.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, which can work in your favour if you’re shopping used. The biggest drops are concentrated in newer and mid-cycle examples, while a few years are closer to flat or slightly higher. Overall, the pattern suggests there are opportunities for buyers across much of the lineup.

The 2024 model year is holding steady, with prices close to flat year-over-year.

The 2021, 2024, and 2019 model years have held their value best, with the smallest year-over-year price changes.

Is the Ford Mustang safe?

• 2024: 6/10
• 2020: 7/10
• 2019: 9/10
• 2018: 8/10
• 2015: 9/10
• 2014: 6/10

Standard safety features for all Mustangs include frontal collision warning with automatic emergency braking, lane-keep assist, a blind-spot monitor with rear cross-traffic alert, rear parking sensors, rain-sensing wipers, and automatic high beams.

For the safest used buy, the 2015 and 2019 models both post the highest confirmed score of 9/10.

Should I buy a used Ford Mustang now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −25.88% versus a year ago, and the 2024 model is at −0.19%.
• Deal availability: The 2025 model has 34.9% good and great deals, and the 2024 model has 33.6%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $52,469 CAD. The Ford Mustang offers iconic styling and a genuinely engaging driving experience that has made it a long-running favourite among performance-car shoppers.

Consider waiting if:

• Powertrain/efficiency: The new Mustang's entry-level engine is the EcoBoost 2.3-litre turbo four-cylinder that produces 315 horsepower and 350 pound-feet of torque. The V8-powered GT is rated at 15.8 L/100 km city, 9.8 hwy, and 13.1 combined with the automatic transmission.
• Tech: All 2024 Mustangs come with a large 13.2-inch infotainment touchscreen and a digital instrument cluster, and Apple CarPlay and Android Auto are standard along with Amazon Alexa integration.
• Safety: Standard safety features for all Mustangs include frontal collision warning with automatic emergency braking, lane-keep assist, a blind-spot monitor with rear cross-traffic alert, rear parking sensors, rain-sensing wipers, and automatic high beams.
• Starting price: The base 2024 Ford Mustang EcoBoost has a new vehicle starting price of $39,195 CAD.

If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.