192MPH & $62k Invested: 1998 Ford Mustang Cobra Racer

The Silver State Classic Challenge is a nutty twice-a-year event where roads are closed and people drive highly modified vehicles at highly modified speeds.  The event website says anyone can race, all you need is a car that can average 95mph or greater…but the truth is that you’ll want something that can go at least 190mph and full safety equipment to have a good time.  Like this 1998 Ford Mustang Cobra Racer here on eBay offered for $12,000 buy-it-now located in Sacramento, CA.

From the seller:

Car originally built by Richard Hille (look him up) for Silver State Run, NV. Car ran 192 mph with Sean Hyland Motorsports DOHC Cobra Motor. Over $28k in receipts from Richard, not including price of car or complete Griggs GR40 front & rear suspension. Richard sold to Armen (who I bought car from) in LA, who had shop do maintenance on car & they found low compression in one cyl.  He then paid race shop to completely rebuilt drivetrain with over $26k in receipts (included).



Fresh motor rebuild of Sean Hyland motor(less than 20 miles) Completely disassembled & gone through by Eds Speed Shop, Downey, CA (with engine machine work receipts for $7585.00)

Over $25k invested by Armen, who never got to track car.  Dyno tuned to 492 hp at rear wheels on 10 lbs boost with 100 Octane Race Gas. Engine built early 2014


Melling oil pump with billet gears and steel oil tensioners

Diamond Pistons

Fluidine aluminum racing radiator

Racing intercooler

Holley Big Stuff 3 Pro stand alone SEFI System with LS Coil Pakcsd

Rebuilt Areomotive fuel pump with all new supply & return lines & filter housing.

Rebuilt Vortec Supercharger

60 lb injectors

Oil cooler

Suspension: Full Griggs GR40 complete suspension with Koni Shocks (aligned & set up for road racing) Tubular K member, Severe Duty Control Arms, Frame Kit, Torque Arm, Panhard Assembly, Adjustable rear control arms, & coil overs 


Custom Currie 9″ 31 spline 3.70 true trac

Precision Shaft Technologies Carbon Fiber Driveshaft & safety loop

Mcleod Clutch Assembly, Mag Force Pin Drive, pilot bearing, pp, pivot ball & new fork.

Tremec T56 Magnum 6 spd trans


Brand new 16 gal Fuel Safe Fuel Cell with internal anti-slosh gas pickup

Rebuilt oil cooler

Kenisis rims with Hankook slicks (one session)

Stock Car Products Inc roll cage

MMR Delete plates

Lexan front & rear windows. Doors gutted.  

Manual steering rack & manual cobra brakes. Factory Hydroboost system deleted. 

Fully functional headlights, tailights, turn signals.

Engine runs like a beast & is crazy fast. Was tuned to modest 10 lbs boost with 100 octane race gas. With retune & 110 leaded race gas power level would be insane. 

I purchased car from Amen & then took it out once to the Shelby Mini-Nats 2016 at Sonoma Raceway. Previously installed (Richard) 40 gal cell only had one pickup on side, so when i went into a hard right hand turn caused fuel starvation, shutting off fuel to motor. Only went around track 3 laps, got black flagged for holding up traffic, ending my track day. After that I replaced cell with 16 gal fuel safe fuel cell with intregal fuel anti slosh box pickup.  

What car needs is some minor sorting. Brake Bias lever doesn’t turn so can’t adjust bias, needs replaced. Needs dummy pulley/idler installed where factory power steering/hydroboost set was. Current serpentine belt works fine, but really needs additional pulley to keep angle right on serpentine belt & not worrying about belt flying off. 

Change the oil, currently still has Joe Gibbs Racing Break-in Oil      

Over $55k in receipts, not including price of car & Griggs Suspension setup 


Why am I selling car? I am going another direction in racing, racing a Vintage C Production 240z race car. 

*Clean CA Title on CA Non-Op

*I will provide winning bidder contact info for both Richard & Armen & file folder with receipts for work done to car. 

*This is no where near a street legal car, car sold as is, where is, with no warranties expressed, written, or implied.   

*Kirkey Race seat currently in car will be removed upon sale, and another seat put in its place for transport. You really want a race seat that fits you perfectly. 

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