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Potentially purchasing 1993 Mustang Cobra

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Old 08-11-2014, 05:55 AM   #1
leftyatm
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Default Potentially purchasing 1993 Mustang Cobra

I am looking to buy a cobra. 57,000 original miles. New factory cobra crate motor new t-5 transmission king cobra clutch gt 40 head and intake. New cobra radiator rebuilt rear with 3:73 and cobra discs front and rear. The car was rebuilt new 3 years ago including suspension, new ac that was converted to r134 new heater core factory interior. New carpet. Ac blows cold. It pulls nice. Has electric dumps. The car was gone over front to back new steering rack and power steering pump. Only catch is it had a crash in 2002 with airbag deployment. It was repaired. One area on the passenger side strut tower has me concerned. It was cut out and a new botched job welded in. The torque boxes were reinforced. It is a little rusty after the rebuild from 3 years ago. But I think it's ok. What do you guys think about the history with crash and the damaged strut tower. He was asking $12,500. I got him down to $11,000 with throwing in a new factory oem apron, spare 10th anniversary cobra wheel, doors, and many other parts. What do you guys think of this deal? Sorry for long post. Outside needs a new paint job and body work but it will get by eventually I'll get it done!
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Old 08-11-2014, 06:08 AM   #2
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Sorry for poor photos. Please help me decide to get this or not. I am looking to pick it up Wednesday. I attached photos in my profile. Can you please take a look in there and help me before I make a large investment. The photo of the strut tower is tough to see but if you look close you can see the shoddy job of welding with a hole still. Any and all advice input or opinions are extremely welcomed!
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Old 08-11-2014, 07:11 AM   #3
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Dont think id give any thing over $10k for it. 93 cobras are valuable but having a crate engine may hurt that some.
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Old 08-11-2014, 07:18 AM   #4
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It is a factory oem cobra crate motor with matching numbers you can't get this crate motor anymore but it is a direct cobra crate motor replabement
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Old 08-11-2014, 08:02 PM   #5
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Dude to me 12 grand for any fox is to much. But your describing a less than perfect car. The crate motor is still a stand issue 302.
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Old 08-12-2014, 03:14 AM   #6
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A less than perfect car meaning it sounds like a pretty decent car?
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Old 08-12-2014, 03:17 AM   #7
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And it was a cobra long block with gt 40 heads and 1:7 roller rockers
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Old 08-12-2014, 11:57 AM   #8
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Quote:
Originally Posted by bluebeastsrt View Post
Dude to me 12 grand for any fox is to much. But your describing a less than perfect car. The crate motor is still a stand issue 302.
if it's a correct replacement cobra motor, it's not a regular 302 h.o.....if the car is clean and relatively unmolested, cobra's of that vintage fetch 13-18k, but that one depending on how botched stuff is, value is hard to determine without pics....maybe 9-11k max with wreck issue.
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Old 08-12-2014, 04:29 PM   #9
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Quote:
Originally Posted by mjr46 View Post
if it's a correct replacement cobra motor, it's not a regular 302 h.o.....if the car is clean and relatively unmolested, cobra's of that vintage fetch 13-18k, but that one depending on how botched stuff is, value is hard to determine without pics....maybe 9-11k max with wreck issue.
Trying to access value is hard but the above decribed car in my area goes for about $7500. I guess we're just not impressed with gt40 heads. LOL
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Old 08-12-2014, 06:24 PM   #10
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Seems to have a lot of work done and parts replaced for a 57k original mile car. You would think with that low of mileage, the car would have been in better condition. Did you check the title to make sure it is clean, along with carfax?

Did you even check the vin to make sure it is a real Cobra?

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Old 08-12-2014, 09:52 PM   #11
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It's been wrecked and needs a complete paint job. Lots of issues for that kind of coin, IMO.

If I had my heart set on a '93 Cobra, I'd probably wait for a cleaner one and pay a little more. (ya get what ya pay for, and pay for what ya get)

YMMV, good luck with whatever you do.
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Old 08-13-2014, 01:19 AM   #12
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We'll i do have a carfax. It was stolen in 93 from dealer for a day. It was in a crash in 2002 sustaining front driver side damage. It did some of it's life as a drag car with a big blower set up. Hence why the passenger side strut tower was cut and when the blower was removed, they welded a replacement piece of steel to it. It is a poor job. But with the sale comes an oem replacement inner apron and strut tower. Per carfax, it is a true 57,000 mile car. It does need a paint job as do most 21 year old vehicles. The drivetrain is new. The body needs redone. I'm more worried about drivetrain being new replaced and sound. The owner I am buying from has complete photos of the build. You guys don't think it is a sound purchase? That is the theme I am getting. Look at my profile and album. I uploaded some photos into it.
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Old 08-13-2014, 01:21 AM   #13
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Vin is true for a cobra. He doesn't know number and does not have SVT certificate.
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Old 08-13-2014, 04:58 PM   #14
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Regarding the paint, most Cobras were garage queens and weekend cars, so one needing complete paint is rare I think, but I could be wrong.

In my opinion this car has had a rough 21 years, *I* would probably steer clear of it. YMMV

I know from experience. Years ago, I bought what I thought to be a steal of a deal on an '87 Grand National. It had been my dream car for years, and I finally found one that I could afford. Well, there was a reason I could afford it. The thing was a freakin' basket case when I got it. It had a very rough life. ( I found out it was even used as a construction site car, why, I have no idea)

I was eventually able to square away most of the issues, and it turned into a mid 11 sec car, but only after a lot of time and a WHOLE lot of money.

Sounds like you have your heart set on it, go for it if you're up for the challenge. It sounds like an interesting project that's for sure!
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Old 08-13-2014, 06:00 PM   #15
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Unless you can do all the work yourself, the amount of money you will spend to straighten out the problems it still has, on top of the cost to buy it, you could buy a clean one.
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Old 08-13-2014, 09:50 PM   #16
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We'll I bought it. Drove it an hour and change home. It drove great. Strong shifted well. Smooth handled bumps well very little rattling here and there. No vibrations. Didn't't pull while driving down highway. It drove like I expect a 21 year old car to. I mean maybe I got lucky? Maybe it is waiting to be catastrophic???? I hope not. But wouldn't an hour commute home have shown issues? I drove it all day. It grinded going in reverse then remembered reverse in the z spec transmission does not have syncros and I have been putting it in 5th gear first and all is well. Did I get lucky and get a good buy? Or do you think my luck is going to run out? It definitely was not a garage queen unfortunately. He did keep it in garage over winter but in summer he kept it covered out in front of his house. So it shows the natural age of sitting in the sun. It is now going to be garage kept and could certainly use a hell of a detail inside and outside/underneath. But zi let my family drive it and they were all grinning like idiots! As was I. Lol
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Old 08-15-2014, 08:14 PM   #17
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Congrats!

New foxbody day is always a good day.
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Old 08-24-2014, 06:53 PM   #18
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Is all still well?
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Old 08-28-2014, 09:09 PM   #19
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Quote:
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Is all still well?
Thanks for checking!

Yes. It is great love it. It brings me back to my youth. And I shake when I drive it. I did notice a leak in my garage the other night but the wife has me so busy I haven't had a chance to get under and look. Honestly I am not even worried, it is 21 years old. I don't expect a perfect car. But thanks for checking. I am hoping to get my terminator rims on this thing soon. They are sitting in my garage.
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Old 08-30-2014, 05:45 PM   #20
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Sweet! Glad you're happy with it.

Ya might have to sneak out when she's asleep to put the rims on. Wives and other female significant others only have to come first when they're awake, lol.
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Old 08-30-2014, 05:45 PM
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