New Ford Mustang for Sale nearRichmond Hill, 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 $36,158 CAD, and its lowest point over the past year was $35,634 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 choice if you want a sports car with a clear identity, lively performance, and broad enthusiast appeal. The all-generations owner rating is 4.6/5 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, engine variety, and the emotional appeal of its V8 sound.

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 a cramped rear seat, limited cargo space, and a noisy cabin.

28.6% of listings are priced as good or great deals.

Are Ford Mustang models reliable?

Owners consistently describe the Mustang as exciting to drive, with strong performance and styling that keep it appealing year after year. Expert coverage also points to a broad range of engines and a familiar rear-wheel-drive layout that help define the car’s character.

• 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 carefully and focusing on well-kept examples, especially in years where known mechanical concerns are mentioned.

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

Key things to evaluate:

• Fuel efficiency: The 2024 Mustang 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, 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.

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; it suits you if you want the most accessible way into the lineup.
• EcoBoost with High Performance package: This 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 from the four-cylinder car.
• GT: The 5.0-litre V8 brings 480 hp and 415 lb-ft, plus a six-speed manual and rear-wheel drive; it suits you if you want the classic Mustang muscle-car experience.
• GT with Active Exhaust: This version increases output slightly to 486 hp and 418 lb-ft, adding a more intense V8 character for buyers who want the fullest GT experience.
• Dark Horse: At the top of the range, this trim produces 500 hp and adds several other performance enhancements for shoppers who want the most serious performance focus.

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 the easiest to shop because you get more choice in trims, colours, and equipment. They also usually give you a better chance of finding a well-priced example that matches your budget and feature priorities.

What is the Ford Mustang's resale value?

Most Mustang model years are down year over year, and several have seen fairly sharp drops. That creates more room for used buyers to find value, especially in recent years where prices have eased from their earlier levels. A few model years are closer to flat, and one has moved higher, which shows that demand remains healthy for certain versions.

The 2020, 2024, 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 −15.75% versus a year ago, and the 2024 model is at −2.16%.
• Deal availability: The 2025 model has 29.3% good and great deals, and the 2024 model has 30.5%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $47,324 CAD. The Ford Mustang offers a distinctive performance-car character that blends heritage, strong acceleration, and everyday appeal. 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, and the GT 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 2025 Ford Mustang compare to the 2025 Toyota GR86?

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.