The median 2005 Ford Mustang in the Canadian market sits at $19,950. That's your anchor number. Anything near it is a fair ask, and it gives you a clear reference point when a seller quotes something wildly off.
Most of these land between $13,500 and $21,500. That $8,000 spread is wide, and it tells you condition and history matter a lot on a car this old. A clean, well-kept example earns the top of the range. Something rough, high-mileage, or with gaps in its story drops toward the floor fast. If you're being asked above $21,500, the car needs to justify it with something concrete.
What mileage does to the price
Each extra 10,000 km knocks about $758 off. The median odometer reads 93,341 km, so that's the baseline a typical listing is priced around. A car showing 130,000 km should run roughly $2,800 under one near the median, all else equal. Run the math before you negotiate. If a higher-mileage car isn't discounted to match, you've got room to push.
We've flagged 4 of these as deals in the last 90 days. Not a flood, but enough to show priced-right examples do surface in the Canadian market. Patience pays here.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.