Used Ford Mustang for Sale near Terrace Bay, 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 $35,920 CAD, and its lowest point over the past year was $35,565 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 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 engaging sound and the variety of engine choices. Across the years, the car’s character, performance feel, and overall driving enjoyment come through as the most repeated strengths.

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

The main trade-offs that show up in recent expert coverage are the cramped back seat, limited cargo space, and a noisy cabin character.

28.6% 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 coverage repeatedly highlights its strong road manners and broad powertrain choice. Across the years, the car’s appeal is reinforced by its engaging character and the way it delivers classic sports-car fun.

• 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 paying close attention to any example with reported repair work already 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: 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, a 10-speed automatic, and the best-value starting point for shoppers who want Mustang style and everyday usability.
• GT: adds the 5.0-litre V8, six-speed manual, and a stronger muscle-car character for buyers who want the classic Mustang experience.
• Dark Horse: brings the top-end performance focus with 500 hp and additional performance enhancements for shoppers who want the most serious track-leaning version.
• GT Premium: builds on the GT with the convertible option and the highest-priced open-air version in the lineup.

What Ford Mustang do most buyers choose?

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

These higher-volume years tend to attract more shoppers because they offer a strong mix of availability, newer features, and a wide spread of prices. More listings also give you more room to compare trims, colours, and equipment before you buy.

What is the Ford Mustang's resale value?

Most model years in the table are down year over year, which creates better opportunities for used buyers. A few newer years are flat to slightly higher, showing that demand remains strong for recent Mustangs with newer features and lower mileage.

The 2020 and 2022 model years are holding steady, with prices close to flat year-over-year.

The 2021, 2024, and 2020 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 −16.99% versus a year ago, and the 2023 model is at −2.82%.
• Deal availability: The 2025 model has 32.7% good and great deals, and the 2023 model has 30.5%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $46,495 CAD. The Ford Mustang offers iconic styling and a strong performance character that make it easy to shop across trims and years.

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 Coyote 5.0-litre V8 in GT models 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 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 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 2021 Ford Mustang compare to the 2021 Chevrolet Camaro?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.