10k: Future Gold: 1998 Ford Mustang SVT Cobra, low miles

Ford’s Special Vehicle Team was the performance group assigned to turning the knob on the standard Ford offerings up to 11 and they started by creating a special Fox Mustang in 1993.  The modifications continued with the new Mustang body style (SN-95, a super lame name compared to the Fox) but the SVT Cobra had disappointingly low power levels from its ancient Windsor 302 V8.  When the GT Mustang switched from 302 to Modular 4.6 V8 it picked up a few ponies, but the Cobra got a major power increase from its DOHC powerplant.  Today the SN-95 Cobras are about as cheap as they will ever be, so pick one up before they start to become collector’s items.  Find this 1998 Ford Mustang SVT Cobra with 26k miles on the odo for sale in Columbia, SC for $11,000 via NASIOC forums.

It is important to note that while this car is offered for sale via NASIOC and SVTPerformance.com this same minty red Cobra recently failed to meet reserve on ebay at $8,000, so there will be some room to negotiate with the seller.  However, it is one of the nicer SN-95 Cobras with the Modular V8…so its gonna be a lot of car for the money no matter what.

The Modular V8 in the Cobra starts with an all-alloy block that was cast in Italy by Fiat subsidiary Teksid S.p.A. and hand assembled by SVT technicians in Michigan with 4-valve DOHC heads.  The resulting engine was good for 305 horsepower and 300 ft-lbs of torque.

Of course this Cobra is equipped with the Borg Warner T-45 5-speed manual transmission, as the Cobra was never available with a slushbox.  The inside of this Cobra looks good, but you would expect such from a car with only 2 years of normal use.

The market for SN-95 Cobras is very favorable for buyers right now because they are in the no-man’s-land between new drivers and collectible classics. Rest assured the limited edition SVT Cobra will be collected someday, just not this week.

See a better V8 powered Pony? email us here: tips@dailyturismo.com