Thinking about buying a Cobra

[parchisi]

At a local mustang shop, they got a black 1993 Cobra. It has 121,000 miles, and it runs great.

As far as engine work, its got long tube headers, O/R H, and unknown cat-back, but it sounds bad-ass. I'm pretty sure its cammed, stock everything else.

The interior is gray and it needs a decent amount of work. Exterior needs a paintjob.

It's had the 5 lug conversion done to it and its currently sporting 17x9 03 cobra wheels with 275's all around, and its been lowered.

The guy is asking $7,000 for it. I think that if I buy it, spruce it up, compression test the engine and rebuild if necessary, and give it a new paintjob, I can sell it for a decent profit. It would be a fun project to just work on. Any thoughts?

Edit: Maybe I should post this in the Fox section also. I've just never post anywhere else but the 94-95 section.....I'm scared...

 

[MI95Cobra]

buy it...the car is work more then that...its the last of the fox body's and its the first year of the cobra....with a few mods already on it....you can always rebuild the interior later....check the history first though.....just to be safe....

 

[sage2k]

compression test it BEFORE you buy it
use it as leverage if its bad lol

 

[trav_19]

seems pretty fair i would be interested in it paint dosent look terrible if i bought it i wouldn't want to sell that though hahah im sure something else in my stable would loose its spot...nice find though

 

[99FiveOh]

Wow! Good find, but for the life of me, why in the hell would someone let a 93 Cobra go down hill like that?? I guess it's good in a way that people actually "drive" these cars, this way normal, everyday people can have a chance to own one!

 

[trav_19]

i hate low miliage cars and people who dont drive what they have it seems stupid to me its not going to be that big of a investment later on in life might as well enjoy it ...i drive the wheels off whatever i own and always will its what there made to do

 

[final5-0]

For around here ... I would say that is too much

To my way of thinking .... Too many miles and too many mods
and
From how you describe it ... It has seen a hard life with not much if any loving care

I'd pass on it ...

Grady

 

[99FiveOh]

i hate low miliage cars and people who dont drive what they have it seems stupid to me its not going to be that big of a investment later on in life might as well enjoy it ...i drive the wheels off whatever i own and always will its what there made to do

Not that big of an investment?? Are you crazy!? I take it you don't watch the auto auctions on TV. These 93 Cobras will be worth more and more as the years go by. Check out this auction:

http://cgi.ebay.com/ebaymotors/1993...oryZ6236QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Now I know the car costed a few more thousand bucks new, but look at the GT, it's cost was right up there with the Cobra and the same example of a GT would be worth half of what that Cobra is going for.

 

[trav_19]

michigans pretty low when it comes to price also

 

[trav_19]

Not that big of an investment?? Are you crazy!? I take it you don't watch the auto auctions on TV. These 93 Cobras will be worth more and more as the years go by. Check out this auction:

http://cgi.ebay.com/ebaymotors/1993...oryZ6236QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Now I know the car costed a few more thousand bucks new, but look at the GT, it's cost was right up there with the Cobra and the same example of a GT would be worth half of what that Cobra is going for.

if i cant drive it ..its not worth anything to me

 

[95five-oh]

I'd get it for sure, try to talk him down a bit though because of the mileage and interior. Those things are pretty hard to come by...i think only about 3000 made. BTW, '93 cobras came stock with a 5 lug / 4 wheel disc setup.

 

[parchisi]

I know they came with 4 wheel disc brakes, but I think they were still 4 lug.

I'm really torn guys, too many differing opinions on it. i think I may try to talk him down to $6,000 and see what happens, but he doesn't seem to be in too much of a hurry to sell it and he said he's posting a paper ad next week for it and he seems confident that it'll be gone in a heartbeat.

 

[Venom351R]

Even if it needs a little work as long as it runs good and the compression is ok then Id jump on it.

 

[Pokageek]

Man I love those 93's.. I have never been in one but I heard one when they first came out. They sound sick! I dunno if that is the sound the engines make or the factory mufflers or what but the one I heard was years ago, brand new. It was orange (my favorite color for that year. I would definitely take those wheels off and put back on the factory rims and fix it up keeping it as close to factory looks as possible.

I would never change the engine out or anything either..I would put on a superchaeger but those cars are meant to be kept original in my o. Also, they would be putting out 250hp from the factory with fords 94 rating system.

 

[Nik_95Cobra]

Damn I love those!

 

[parchisi]

I was thinking of just rebuilding the engine, keeping it stock though...except it'd be a 306 rather than a 302 since the cylinders would probably have to be bored a bit. Would that hurt its "Cobraness" any?

 

[Pokageek]

I would rebuild but KEEP the original block. You will be thanking me at Barrett Jackson one day!

Don't bang it out to a 347 either. Keep it original. Asupercharger can be taken off easily and everything would look factory..

..Put in a 347 or something? ...No way not me..it takes AWAY fron it. Just my o.

 

[Nik_95Cobra]

I'd buy that Mofo right now if I didn't already have an 87 Monte SS lined up

 

[parchisi]

Screw it. I've decided that I'm buying it and I'm going to have fun working on it. If I can sell it again for a profit, that's just icing on the cake. I definitely don't think a 93 cobra is going to go DOWN in value.

 

[Venom351R]

That it will not. Congrats once you get it home post up some more pics