Used Ford Mustang for Sale nearPeterborough, 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 $36,790 CAD, and its lowest point over the past year was $35,571 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 has broad appeal because it blends strong performance, iconic styling, and a fun driving experience across generations. The all-generations owner rating is 4.6/5 across every model year in the data.

Owners consistently praise the Mustang’s power, handling, and distinctive looks, and many also highlight the variety of engine choices and the excitement of the V8 sound. Across the years, the car’s character comes through as engaging and memorable, with a strong enthusiast following.

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

The main trade-offs are a cramped back seat, limited cargo space, and a noisy cabin, with some recent years also drawing attention to build-quality concerns and powertrain-related issues. Even so, the Mustang remains a compelling used sports car if you want personality and performance in one package.

28.9% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners consistently praise the Mustang for its performance, styling, and driving enjoyment, and expert commentary repeatedly points to its broad range of engines and engaging rear-wheel-drive character. Across the years, it stands out as a car that delivers a strong sense of identity and a rewarding drive.

• Owners rate the Ford Mustang between 4.4 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by checking maintenance history closely and focusing on well-kept examples, especially on older or higher-performance versions.

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: Sync 4 infotainment system with a 13.2-inch touchscreen, digital instrument cluster, Apple CarPlay, Android Auto, and Amazon Alexa integration
• Fuel efficiency: Natural Resources Canada estimates 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 engine is the 2.3-litre turbo four-cylinder with 315 horsepower and 350 pound-feet of torque, paired with a 10-speed automatic and rear-wheel drive. It suits you if you want the most accessible way into the lineup.
• GT: The 5.0-litre V8 brings 480 hp and 415 lb-ft, plus a six-speed manual and available 10-speed automatic. This is the best-value trim if you want the classic muscle-car experience.
• Dark Horse: At the top of the range, this trim produces 500 hp and adds several performance enhancements for buyers who want the most serious track-focused character.
• EcoBoost Premium: This trim adds the more upscale cabin presentation with the single-enclosure screen layout and the same 13.2-inch infotainment touchscreen and digital cluster.
• GT Premium: This trim builds on the V8 GT and is the one used for the GT Convertible, making it the choice for buyers who want open-air performance.

What Ford Mustang do most buyers choose?

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

Higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right colour, trim, and price. They also often attract shoppers looking for a newer design with a broader mix of features and powertrains.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, which is good news if you are shopping used and want more car for the money. A few newer years are holding close to flat or moving up slightly, showing that demand remains strong for the freshest examples. The biggest drops are especially noticeable on older and recent high-volume years, which can create attractive buying opportunities.

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

The 2020, 2024, and 2021 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 −15.91% versus a year ago, and the 2023 model is at −5.16%.
• Deal availability: The 2025 model has 32.6% good and great deals, and the 2023 model has 33.2%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $46,957 CAD. The Ford Mustang offers a distinctive performance-car character with strong styling and an engaging driving feel.

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. That spec represents a 5-horsepower gain over the previous engine. It's paired with a 10-speed automatic transmission that sends power to the rear wheels.
• Tech: All 2024 Mustangs come with a large 13.2-inch infotainment touchscreen and a digital instrument cluster. 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.

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.

How does the 2025 Ford Mustang compare to the 2025 Toyota GR86?

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.