How much does the 2016 Ford Mustang cost?

Prices have softened 3.52% compared to this time last year, making it a favorable time to shop this model year.

There are 1,888 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $18,415.57, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Ford Mustang a good car?

Yes — the 2016 Ford Mustang earns a 4.85/5 user rating and a 7.5/10 expert rating. The standout strength is Safety at 9/10.

Owners consistently praise its fun and smooth ride, performance, handling, and stylish design. The overview also points to strong value compared with similar cars, while noting that some shoppers may miss features like Apple CarPlay and may see mixed fuel-economy results depending on the model.

For you, that means this Mustang makes the most sense if you want a sporty car with heritage appeal, everyday usability, and a strong enthusiast following. It also looks like a relatively attractive buy if you want a pony car that still feels special without chasing the newest badge.

25.6% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2016 Ford Mustang reliable?

Owners rate it 4.85/5, a strong signal of long-term satisfaction.

The owner summary points to a car that feels fun, smooth, and satisfying to live with, while also highlighting value and strong performance. That kind of feedback usually lines up with a model that owners feel good about keeping and recommending over time.

The expert driving notes also emphasize that the Mustang is capable, agile, and confidence-inspiring, which supports the idea that it can be a dependable long-term companion if it has been cared for properly. The cost-effectiveness notes add that it remains one of the better deals in its class, which can help ownership feel more manageable.

For used buyers, the main long-term risk is less about the badge and more about how the car was driven and maintained before you buy it.

What should I look for when buying a used 2016 Ford Mustang?

At 56.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the car has been modified or driven hard. Focus on condition, signs of prior damage, and whether the equipment on the car matches the trim and options you expect.

Key things to evaluate:

• Trim level: The base V6 comes with 17-inch alloys, automatic xenon headlights and LED taillights, keyless entry and ignition, a tilt and telescoping steering wheel, and MyKey, while higher trims add features like power front seats, unique wheels, LED fog lights, leather upholstery, heated and ventilated seats, and dual-zone automatic climate control.
• Powertrain: You can choose from the V6, the turbocharged EcoBoost four-cylinder, or the V8, with the EcoBoost offering the best fuel economy and the V8 delivering the strongest performance.
• Safety package: Premium models can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while all Mustangs can add optional front and rear parking sensors.
• Infotainment: Sync 3 brings an 8-inch touchscreen on upgraded setups, and the system is quicker than the previous setup; the upgraded infotainment system also adds a larger screen.
• Fuel efficiency: The V6 returns 17 mpg city/28 highway/21 combined with the manual or 22 combined with the automatic, the EcoBoost returns 22/31/26 with the manual or 21/32/25 with the automatic, and the V8 returns 15/25/19.

Which 2016 Ford Mustang trim should I buy?

The 2016 Ford Mustang is offered in 5 trim levels: V6, EcoBoost, EcoBoost Premium, GT, GT Premium.

Here's the short version:

• V6: This is the most affordable way into the Mustang and still gives you a strong feature set, including 17-inch alloys, automatic xenon headlights and LED taillights, keyless entry and ignition, and MyKey. It suits you if you want the classic Mustang look and feel without stretching for extras.
• EcoBoost: This trim adds the turbocharged four-cylinder and brings power front seats, unique 18-inch alloys, a rear spoiler, and LED fog lights. It’s the best-value pick if you want a more modern powertrain and a good balance of performance and efficiency.
• EcoBoost Premium: This is the trim to choose if you want the most complete small-engine Mustang experience, because it adds Sync 3, leather upholstery, ambient lighting, heated and ventilated seats, heated rear-view mirrors, a rear diffuser, multiple drive modes, dual-zone automatic climate control, and an upgraded 9-speaker infotainment system with an 8-inch touchscreen.
• GT: If you want the V8, this is the straightforward performance choice, with the bigger engine, bigger brakes, and available electric line-lock and launch control on the manual. It’s the trim for you if outright muscle matters more than premium comfort features.
• GT Premium: This is the trim that restores the premium equipment while keeping the V8, making it the most complete and desirable version for many shoppers. It also pairs well with the available California Special package if you want extra style.

Premium Mustangs can also add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning.

Is now a good time to buy a used 2016 Ford Mustang?

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile options.

• Deal availability: 25.6% of listings are priced as good or great deals.
• Inventory: There are 1,888 listings available.
• Price trend: Prices have softened 3.52% compared with last year.
• Clean inventory: 56.5% of listings are accident-free.

If you find a listing below $18,415.57, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Ford Mustang's resale value?

The current average of $19,792 sits slightly below last year's $20,515.

That price movement suggests the Mustang has softened, which can be good news if you’re buying now but less favorable if you’re planning to sell soon. If you own one, you should expect value to depend heavily on condition, mileage, and whether the car has been modified.

Because the market has already moved down, a clean, well-kept example is more likely to hold buyer interest than one with questionable history or heavy customization. That matters especially for a car like this, where enthusiast demand can be strong but selective.

Vehicles with strong owner satisfaction ratings, like this model year's 4.85/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Ford Mustang safe?

It earns a five-star rating from NHTSA and a Good rating from IIHS.

It earns a 9/10 safety score from our experts.

Standard antilock brakes, traction and stability control, and a full suite of airbags help support that result. Premium Mustangs can also add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while all Mustangs can add optional front and rear parking sensors.

That means you do not have to give up safety to get performance here, especially if you shop for a better-equipped trim. If you want the most confidence on the road, look for the available driver-assistance features and verify that they’re actually installed on the car you’re considering.

Should I buy a 2016 Ford Mustang or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 25.6% of listings are priced as good or great deals.
• At 56.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 3.52% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.
• The 2016 adds heritage touches and fresh packaging, including hood-mounted turn signals, Black Accent and California Special packages, and convertible GT Performance availability.

Consider the 2015 if:

• At $20,264, the 2015 costs more than the current year's $19,792 average.
• It was a redesigned anniversary model with a big improvement in dynamics and technology.

The bottom line: If you want the better-value buy, the 2016 is the stronger starting point because prices have eased and the car still brings strong owner satisfaction, solid safety, and broad trim choice. If you’re shopping purely on price and find a cleaner 2015 example with the right equipment, that earlier model can still make sense, but the 2016 is the more compelling default pick for most used-car shoppers.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.