I am looking to buy a 03- 04 Cobra and was wondering if one year is preferred over the other?Were there any significant changes, upgrades, better peformance,recalls, etc...... I am leaning towards a convertible.

Thanks

 

Coupe ftw! But there is no drastic difference man, all on what you can afford. Some early 03 Cobras had a recall with the head tick, but the later ones, and 04's did not have it. Here is a site that tells you EXACTLY the differences:

Changes were mainly limited to color and trim. New exterior paint offerings for 2004 were Torch Red (re-introduced after being discontinued mid-year on the 2003), Screaming Yellow and Competition Orange. An optional Mystichrome package with an exterior paint treatment that changes color when viewed from different angles was offered for 2004. Inside the Mystichrome Cobra, the leather seat inserts and the steering wheel cover also shift colors. Interior wise, the 2004 Charcoal Gray seating added dark gray inserts. 2003's were lighter gray. Other differences:
* The 2003 radio decks came with an AUX 20 pin port in the back and the '04 had the SAT button.
* The door lock on the drivers side on '03 Cobras were black, 04 Cobras were chrome
* The 2004 the cats were bigger
* The 2003 had a small interior headliner cargo net. It was deleted for 2004.
* The computer codes were different between the model years

Anymore questions go here:

http://stangshiftergaskets.com/2003_2004faqs.htm