The median 2003 Mustang in the Canadian market sits at $14,000. That's your anchor. Pay much more and you'd better be getting something clean, low-kilometre, or a trim that justifies it.
Most of these land between $10,865 and $21,124. That's a wide spread for a car this age, which tells you condition is doing most of the talking. A tidy example near the bottom of that range is a solid buy. Anything pushing past $21K needs to earn it.
What the numbers mean for your offer
The typical car here has about 109,500 km on it. Use that as your reference point when you're reading a listing. A car well under that number carries some of what's driving prices toward the top of the range, and one well over it should sit closer to the floor.
We've flagged 4 deals on this model year in the last 90 days. Not a flood, so if you see one priced under that $14,000 median with reasonable kilometres, it won't sit around long. Line up your inspection before you go looking.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.