Used Ford Mustang for Sale near Southwold, 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 $36,179 CAD, and its lowest point over the past year was $35,518 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 4.6/5 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, drivers also highlight the strong acceleration, engaging handling, and wide range of engine choices, with the V8 sound often singled out as part of the appeal.

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

The main trade-offs that come up in expert reviews are limited rear-seat space, modest cargo room, and a noisy cabin character in some versions.

29.1% 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 reviews reinforce its strong character and broad appeal. Across the model years, the car’s engaging powertrains and classic rear-wheel-drive formula are recurring strengths.

• 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 service history carefully and focusing on examples with documented repairs and maintenance.

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

Which Ford Mustang trim should I buy?

The 2024 Ford Mustang offers these trims:

• EcoBoost: The EcoBoost brings the 2.3-litre turbo four-cylinder engine, a 13.2-inch infotainment touchscreen, Sync 4, Apple CarPlay, Android Auto, and a digital instrument cluster. It suits you if you want the most accessible entry into the lineup with the core Mustang experience.
• GT: The GT adds the 5.0-litre V8, six-speed manual transmission, and a stronger performance focus. It suits you if you want the classic Mustang character with the most compelling powertrain in the range.
• Dark Horse: The Dark Horse adds 500 hp and several other performance enhancements, making it the most serious performance choice in the lineup.
• EcoBoost with High Performance package: This version adds a Torsen limited-slip differential, leather steering wheel, upgraded Brembo brake calipers, stickier and larger tyres, and a more responsive steering feel. It is the best-value choice if you want sharper handling without moving to V8 power.
• GT Premium: This trim adds the equipment needed for the GT Convertible and suits you if you want the V8 with a more upscale specification.
• Dark Horse Premium: This trim adds the Dark Horse performance hardware in a more fully equipped package for buyers who want the top-end Mustang experience.

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 attract more shoppers because they offer a strong mix of availability, newer features, and familiar Mustang performance. When more examples are listed, you also get a better chance of finding the right colour, trim, and price point.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, which creates better opportunities for used buyers. A few newer years are close to flat or slightly higher, showing that demand remains strong for recent examples. The biggest drops are concentrated in older and recent high-volume years, which can make the used market especially appealing if you want value.

The 2021, 2022, and 2024 model years are holding steady, with prices close to flat year-over-year.

The 2020, 2024, and 2021 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

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 −16.65% versus a year ago, and the 2023 model is at −3.46%.
• Deal availability: The 2025 model has 31.3% good and great deals, and the 2023 model has 34.6%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $46,615 CAD. The Ford Mustang offers iconic styling and a strong performance character that continues to define the nameplate.

Consider waiting if:

• Powertrain/efficiency: The EcoBoost 2.3-litre turbo four-cylinder produces 315 horsepower and 350 pound-feet of torque, while the GT’s 5.0-litre V8 makes 480 hp and 415 lb-ft, or 486 hp and 418 lb-ft with the optional Active Exhaust system.
• Tech: All 2024 Mustangs come with a 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 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 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 Subaru BRZ?

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.