Used Ford Mustang for Sale near Hay Lakes, AB

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 $35,983 CAD, and its nationwide average price reached a low of $35,894 CAD over the past year. 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 sports car because it blends strong performance, iconic styling, and a wide range of engine choices. The all-generations owner rating is 4.62/5 across every model year in the data.

Owners consistently praise the Mustang for its powerful acceleration, fun driving experience, and distinctive looks. Many also highlight the V8 sound, handling, and the broad spread of trims and powertrains that let you tailor the car to your preferences.

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

The main trade-offs across recent expert-reviewed years are a cramped back seat, limited cargo space, and a noisy cabin, with some model years also bringing build-quality and powertrain concerns.

28.0% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners and experts consistently praise the Mustang for its performance, styling, and driving enjoyment. Across the years in the data, it also earns strong owner satisfaction scores, which points to a car that tends to deliver the experience shoppers expect.

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

For long-term ownership, a used Mustang is best approached with a careful inspection and service-history review, especially on higher-performance or higher-mileage examples.

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

Key things to evaluate:

• Fuel efficiency: The EcoBoost 2.3-litre turbo four-cylinder returns 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, while the V8-powered GT is rated at 15.8 L/100 km city, 9.8 hwy, and 13.1 combined with the automatic transmission, or 16.6/10.2/13.8 with the manual.

Which Ford Mustang trim should I buy?

The 2024 Ford Mustang offers these trims:

• EcoBoost: The entry engine is the 2.3-litre turbo four-cylinder with 315 horsepower and 350 pound-feet of torque, paired with a 10-speed automatic; this is the best-value choice if you want the Mustang experience at the lowest starting price.
• GT: The 5.0-litre V8 brings 480 hp and 415 lb-ft, plus a six-speed manual and the option of a 10-speed automatic; it suits you if you want the classic muscle-car character.
• Dark Horse: The top performance model produces 500 hp and adds several performance enhancements for buyers who want the most serious track-focused version.
• EcoBoost Convertible: This adds open-air driving to the EcoBoost formula and suits you if you want the Mustang shape with a more relaxed touring feel.
• GT Convertible: This combines V8 power with the convertible body style and is offered only in Mustang GT Premium trim.

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 the most popular used picks because they give you more inventory to compare, more pricing spread to work with, and more chances to find the trim and body style you want. They also tend to be the easiest years to shop if you want a balance of availability and current-market pricing.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, and several recent examples have seen meaningful price drops. That creates better opportunities for used buyers, especially if you are shopping newer model years that have already moved off their peak pricing. A few years have softened only slightly, while one has edged up, so the pattern is mixed rather than uniform.

The 2021, 2024, and 2022 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 −24.66% versus a year ago, and the 2024 model is at −1.25%.
• Deal availability: The 2025 model has 35.1% good and great deals, and the 2024 model has 33%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $52,302 CAD. The Ford Mustang offers iconic styling and a genuinely engaging driving character that has made it a long-running favourite.

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, while the GT's 5.0-litre V8 makes 480 hp and 415 lb-ft.
• 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.
• 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 22, 2026, CarGurus experts' opinions, and generative AI.