What To Do

You've got a wide decade there. There's a big differance in the 4 cobras produced during that time. I've seen 94-95's go for as low as $6k, 96-98 $8k, 99-02 $10, and the Terminators still up around $15k or more. Personnally I'd hunt for the 03-04 terminator. They're stout cars and tend to be low miles. On average they say 10k-12k miles a year is normal. That said my 98 GT is 15 years old with 147k miles on it so is valued slightly higher. If you find one with low miles, you'll most likely pay for it. Higher miles mean it might need a little more love. I seem to recall fuel pump issues on the 5.0 Cobras in 94-95.