New Ford Mustang for Sale near Lundar, MB

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 $35,879 CAD, and its lowest point over the past year was $35,535 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 remains a compelling used sports car thanks to its strong owner satisfaction, broad trim and engine spread, and unmistakable character. The all-generations owner rating is 4.62/5 across every model year in the data.

Owners consistently praise the Mustang’s powerful performance, fun driving experience, and iconic styling. Across the years, the car’s acceleration, handling, and engine sound come through as recurring highlights, along with the appeal of having multiple engine choices and body styles.

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

The main trade-offs show up in the rear seat, cargo space, and cabin noise, while some recent years also bring reported build-quality and powertrain concerns. Even so, the Mustang’s mix of performance, style, and value keeps it near the top of many used-car shopping lists.

30.5% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners and experts consistently praise the Mustang for its performance, driving enjoyment, and distinctive styling. The car’s broad range of engines and trims also gives you plenty of choice, which helps it fit different budgets and preferences.

• 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 with documented maintenance and completed warranty repairs where applicable.

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

Key things to evaluate:

• 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-level 2.3-litre turbo four-cylinder pairs with a 10-speed automatic, and it suits you if you want the most accessible way into the refreshed Mustang lineup.
• EcoBoost Premium: This trim adds the more upscale cabin presentation and the larger single-screen interior layout, making it the best-value choice if you want extra comfort and tech.
• GT: The 5.0-litre V8 brings 480 hp, a six-speed manual, and the classic muscle-car character many shoppers want most.
• GT Premium: This trim builds on the GT with the more upscale interior treatment and is the one to choose if you want the V8 experience with a richer cabin.
• Dark Horse: At the top of the range, this trim adds 500 hp and several performance enhancements for buyers who want the most serious track-focused Mustang in the lineup.

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 places to shop because you get more inventory to compare and a wider spread of prices and trims. They also tend to attract more buyers, which usually makes them the most visible used picks.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, which is good news if you’re shopping used and want more room to negotiate. A few newer years are holding close to flat or edging up, so the market is still rewarding the most recent examples.

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 −17.56% versus a year ago, and the 2023 model is at −2.91%.
• Deal availability: The 2025 model has 35.3% good and great deals, and the 2023 model has 30.7%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $46,325 CAD. The Ford Mustang offers a distinctive blend of heritage styling and everyday drivability 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. The GT is good for 480 hp and 415 lb-ft of torque, and with the optional Active Exhaust system, output increases slightly to 486 hp and 418 lb-ft.
• 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 20, 2026, CarGurus experts' opinions, and generative AI.