New Ford Mustang for Sale near Connaught, 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 $35,727 CAD, and its lowest point over the past year was $35,727 CAD. 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 is a strong used-car pick if you want performance, style, and a car with real personality. 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 iconic styling. Across the years, the car also earns repeat praise for its handling and the variety of engine choices, while the V8 sound is a recurring highlight for many shoppers.

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

The main trade-offs in recent expert-reviewed years centre on rear-seat space, cargo room, and cabin noise, with some models also drawing attention for build-quality concerns and a busy driving character. 29.4% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners and experts consistently praise the Mustang for its strong performance, engaging driving feel, and broad range of engine choices. The car’s appeal also comes through in its styling and the way it delivers a classic sports-car experience across many model years.

• 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 checking service history carefully and focusing on examples that have already had any reported issues addressed.

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

Key things to evaluate:

• Fuel efficiency: The 2024 Ford Mustang EcoBoost returns 10.8 litres per 100 kilometres in the city, 7.1 on the highway, and 9.2 combined; 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 EcoBoost 2.3-litre turbo four-cylinder, paired with a 10-speed automatic, and it suits buyers who want the most accessible path into the Mustang lineup.
• EcoBoost with High Performance package: This version adds a Torsen limited-slip differential, leather steering wheel, and upgraded Brembo brake calipers, making it the best-value choice for shoppers who want sharper handling and stronger hardware.
• GT: The Coyote 5.0-litre V8 brings 480 hp and 415 lb-ft of torque, plus a six-speed manual, and it suits buyers who want the classic muscle-car experience.
• GT Premium: This trim adds the GT Convertible body style in the source content and is the step to consider if you want open-air driving with V8 power.
• 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 factory performance.
• Dark Horse Premium: This trim adds the Premium treatment to the Dark Horse formula for shoppers who want the most fully equipped version of the high-performance model.

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 popular because they give you more inventory to compare, which can make it easier to find the right trim, colour, and price. They also often sit in the sweet spot between newer features and used-car value.

What is the Ford Mustang's resale value?

Most Mustang model years in the table are moving lower year over year, which is good news if you are shopping used. The biggest drops are concentrated in the newer and mid-cycle years, while a couple of recent model years are still edging up. Overall, the pattern favours buyers who want more negotiating room on many trims.

The 2021, 2022, and 2023 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 −22.27% versus a year ago, and the 2024 model is at −2.04%.
• Deal availability: The 2025 model has 34.3% good and great deals, and the 2024 model has 33.6%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $45,910 CAD. The Ford Mustang offers iconic styling and a classic rear-wheel-drive sports-car 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 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.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.