The median 2018 Mustang sits at $34,995 in live Canadian listings. Most of what you'll find lands between $24,888 and $38,998, so if a car is priced above $39,000 you're paying a premium for something, and below $25,000 you're either looking at a base engine or higher miles.
Median mileage across the market runs about 79,312 km. That's a useful anchor. A car with a lot less than that should cost more, and a car with a lot more should cost less, and the numbers back that up.
What mileage does to the price
Every extra 10,000 km knocks roughly $1,245 off the asking price. So a Mustang with 120,000 km on it should sit around $5,000 under one at 79,000 km, all else equal. Run that math before you fall for a low sticker on a high-mileage car. The discount might be smaller than it should be.
The trim split is where this gets interesting. The GT runs a median of $37,725, with the bulk of listings between $35,995 and $40,499. The EcoBoost is a different animal on price: median $23,495, and almost nothing above $25,720. That's a $14,000 gap at the median.
If your budget tops out in the mid-$20s, the EcoBoost is the honest play here, and it's priced tightly enough that overpaying is easy to spot. Want the V8, and you're committing to the high-$30s. Just don't drift past that $40,499 ceiling without a reason. We've flagged 8 deals on this model year in the last 90 days, so cars priced under the market do surface.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| GT | $37,725 | $35,995–$40,499 |
| Ecoboost | $23,495 | $21,207–$25,720 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.