As much moaning and compaining as I do I guess I was rather lucky because otehr people I knoe have had more problems...but here's mine.
My car was one of the first couple hundred built.. here are the problems I had
1. bad alignment problem...pulled to right real bad.. the dealer had to redrill the camber plates
2. three defective tires.(confirmed by high speed balancer).. dealer wouldnt help because the steering wheel vib happened at 80+..and i mean a serious oh SSSS vib that would be happening at athe end of the track
3. leaking....fog lights...could have been used for gold fish...actually filled up with water...
4. sqeaking...sqealing/..... windows
5. broken driver seat...two buttons and loose after 13,000 miles!
6. passenger seat sqeaks after someone sits in it....i think there is a tsb on that but not sure
7. clutch burnt up after I smoked it just a little...would barely shift into 1st or rev...dealer blamed it on modified shifter handle... (aka pro 5.0)
8. idler pulley literally blew up buut i guess thats from racing...all idler pulley bearings were going bad.
I guess I was lucky....no major problems... No Engine problems or tick or anything.... I guess you are really just paying for an engine with this car anyway....
I wouldn't recommend buying one new...is it were still possible...especially if you planned on being happy with it stock...without putting money into it yourself to get it right... As long as you really check it out a used cobra wouldnt be bad...as long as you are not that picky about your car.....
If I ever buy a fun car again...not to race but just a toy for the street....it will be an import...
hell my volvo with 250,000 miles has had fewer problems than the mustangs I have owned!