2016 Ford Mustang GT Buyer's Guide: The Coyote V8 Sweet Spot

- S550 platform (2015+) dramatically improved over previous generation
- Best value: GT Premium with manual ($26,000-$32,000)
- 5.0L Coyote V8 makes 435 HP with excellent reliability
- Performance Package adds meaningful upgrades worth seeking
- Avoid: Modified cars, accident history, high-mileage automatics
Reliability Rating
4/5
StableAvg. Price (GT Premium)
$29,000
DownAvg. Miles Available
58,000
Up0-60 Time
4.3 seconds
StableThe Modern Muscle Car
The 2016 Ford Mustang GT represents the refined second year of the S550 generation— Ford's most sophisticated Mustang platform ever. The controversial move to independent rear suspension (IRS) paid off: the 2016 GT handles better than any Mustang before it while maintaining the V8 muscle car character that defines the nameplate.
Nearly a decade later, the 2016 GT offers exceptional value. The 5.0L Coyote V8 produces 435 HP—serious power that satisfies without the maintenance complexity of forced induction. Prices have settled into the $25,000-$35,000 range for nice examples, making genuine American performance accessible.
Check for Modifications
Mustang GTs are frequently modified. While some modifications are quality improvements, many indicate harder use and potential reliability concerns. Prioritize stock vehicles with documented service history. Modified cars should be thoroughly inspected by a knowledgeable mechanic.
Trim and Package Guide
| Trim | Transmission | Key Features | Avg. Price | Recommendation |
|---|---|---|---|---|
| GT | 6-speed Manual | Base V8, cloth seats, basic audio | $24,500 | Purist Choice |
| GT | 6-speed Auto | Base V8, automatic transmission | $25,500 | Daily Driver |
| GT Premium | 6-speed Manual | Leather, Shaker audio, SYNC 3 | $29,000 | Best Value |
| GT Premium | 6-speed Auto | Full features, automatic | $30,000 | Comfortable GT |
| GT + Performance Pack | Manual | Bigger brakes, LSD, cooling | $32,000 | Track Ready |
GT Premium: The Best Choice
GT Premium adds meaningful content over the base GT: leather seating, heated/cooled front seats, Shaker Pro audio (excellent quality), SYNC 3 infotainment with navigation, and the ambient lighting package. These features transform daily livability without compromising performance.
At $27,000-$32,000, GT Premium offers the complete package. The $4,000-$5,000 premium over base GT is easily justified by the content and improved resale value.
Performance Package: Track Capability
The GT Performance Package is worth seeking for enthusiast buyers. Additions include:
- 6-piston Brembo front brakes (huge improvement over base)
- Torsen limited-slip differential (predictable, confidence-inspiring)
- Stiffer springs and unique damper tuning
- 3.73 rear axle ratio (more responsive acceleration)
- Larger radiator and oil cooler
- 19" wheels with summer tires
These aren't cosmetic upgrades—they fundamentally improve the car's capability. Performance Package cars command premiums but deliver genuine value.
The Coyote V8
Ford's 5.0L Coyote V8 is an engineering achievement: 435 HP and 400 lb-ft from a naturally aspirated engine, with 7,000 RPM redline, dual overhead cams, and Ti-VCT variable valve timing. It combines old-school V8 character with modern efficiency and reliability.
Maintenance is straightforward: oil changes every 7,500 miles (full synthetic), spark plugs around 60,000 miles, and normal wear items. No turbochargers to fail, no complex boost control systems. The Coyote rewards proper maintenance with exceptional longevity.
What to Inspect
Manual Transmission
The MT-82 6-speed can feel notchy, especially when cold. This is characteristic, not defective. Test 2nd and 3rd gear engagement specifically—these gears receive the most criticism. Some owners have installed aftermarket shifters that improve feel significantly. Grinding or difficulty engaging gears (beyond cold notchiness) indicates worn synchros.
Differential
Listen for whine or clunking from the rear differential during test drive. Performance Pack cars have the better Torsen unit; base GTs have an open diff or optional electronic LSD. Differential noise is manageable but should be reflected in pricing.
Suspension
Check for uneven tire wear indicating alignment issues. Listen for clunks over bumps suggesting worn bushings. The IRS system is more complex than the old live axle and has more potential failure points. Inspect shock absorber mounts for corrosion (in northern climates).
Accident and Modification History
Mustang GTs are frequently crashed (overzealous owners meeting crowds, etc.). Thoroughly inspect for accident damage: check panel gaps, look for overspray, verify frame rail alignment. Modifications should be evaluated by someone knowledgeable—quality upgrades can enhance the car; hack jobs create problems.
Ownership Costs
- Fuel Economy: 15 city/25 highway. Real-world: 18-22 MPG with mixed driving.
- Insurance: Higher than average. Young male drivers pay significant premiums.
- Maintenance: Reasonable for a performance car. Budget $1,000-$1,500 annually.
- Tires: Summer tires wear quickly. Budget $800-$1,200 for quality replacements.
- Brakes: Performance Pack brakes are expensive ($600-$800 front rotors alone).
Exceptional Value Performance
Pros
- Proven, reliable 5.0L Coyote V8
- Excellent handling with IRS
- Strong aftermarket support
- Classic muscle car character
- Performance Package transforms capability
- Values have stabilized—good time to buy
Cons
- MT-82 manual transmission has notchy reputation
- Fuel economy is poor
- Insurance costs elevated
- Many modified/abused examples exist
- Rear seat nearly useless
Recommendation
The 2016 Mustang GT delivers genuine American performance at accessible prices. The Coyote V8 is reliable and rewarding, the S550 chassis handles remarkably well, and the styling has aged gracefully. Target GT Premium with manual transmission and Performance Package for the complete experience. Verify stock condition or quality modifications, check for accident history, and budget for performance car ownership costs. At $26,000-$35,000, few vehicles offer this combination of power, handling, and character.
Frequently Asked Questions
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