Used Ford Mustang for Sale nearLondon, 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 $35,679 CAD, and its lowest point over the past year was $35,609 CAD. Recently, prices have come down for the 2023 and 2025 models, making now a good time to shop recent model years.

Is the Ford Mustang a good car?

Yes — the Ford Mustang continues to earn strong owner approval across the lineup. 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. Across the years, the car’s acceleration, handling, and engine variety come up again and again, along with the emotional appeal of the V8 sound.

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

The main trade-offs in recent expert-tested years centre on rear-seat space, cargo room, and cabin noise, while some buyers may also want to pay close attention to build quality and powertrain behaviour on newer examples.

29.1% 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. The strongest feedback also points to a car that feels engaging and memorable, with broad engine choice adding to its appeal.

• 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-maintained example and checking that any warranty work has already been completed.

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, Apple CarPlay, Android Auto, and Amazon Alexa integration
• 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 point with the 2.3-litre turbo four-cylinder, 315 horsepower, and a 10-speed automatic; a strong choice if you want the most accessible way into the lineup.
• GT: adds the 5.0-litre V8, 480 hp, and a six-speed manual, making it the best-value trim for buyers who want the classic Mustang performance experience.
• Dark Horse: brings 500 hp and several other performance enhancements for shoppers who want the most serious performance focus.
• GT Premium: builds on the GT and is the trim used for the GT Convertible, making it the one to consider if you want open-air V8 driving.

What Ford Mustang do most buyers choose?

The Ford Mustang years with the most listings are 2025, 2024, and 2018.

These higher-volume years tend to be the easiest to shop because you get more choice in trims, colours, and equipment. They also tend to attract more cross-shopping, which helps keep the used market active.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, which creates better opportunities for used buyers. The biggest drops are concentrated in older and recent high-demand years, while a few newer model years are still edging up or staying close to flat.

The 2020 and 2024 model years are holding steady, with prices close to flat year-over-year.

The 2021, 2022, and 2024 model years have held their value best, with prices flat to rising year-over-year.

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 −19.13% versus a year ago, and the 2023 model is at −3.26%.
• Deal availability: The 2025 model has 32.8% good and great deals, and the 2023 model has 31.3%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $46,194 CAD. The Ford Mustang offers an iconic, recognisable driving character that has kept it appealing across generations.

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 is good for 480 hp and 415 lb-ft of torque.
• Tech: All 2024 Mustangs come with a large 13.2-inch infotainment touchscreen and a digital instrument cluster, and Apple CarPlay, Android Auto, and Amazon Alexa integration 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.

If you're buying used today, the 2025 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 October 13, 2026, CarGurus experts' opinions, and generative AI.