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Need $$ advice on 98 Cobra Convertible

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Old 04-19-2010, 05:25 PM
  #1  
convict1
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Smile Need $$ advice on 98 Cobra Convertible

Here is the description from the Auction;

1998 Mustang Cobra Convertible; VIN 1FAFP46V0WF152517; 116,104 Miles showing - not guaranteed; V8 4.6L Gas Engine; 5 Speed Manual Transmission; Bucket Seats; Carpet Mats; A/C; PS; PB; PL; PW; Trunk Release; AM/FM Radio with CD and Cassette Tape Player; Dirty interior; Rear glass missing from top; Has crack in tail lamp; Paint peeling on passenger side; NO KEYS; Was not running when SEIZED; All original Cobra Parts appear to be present on vehicle - not guaranteed; THIS IS A SEIZED VEHICLE. WE HAVE NO HISTORY ON THIS ITEM AND WE CANNOT BE POSITIVE ABOUT THE AUTHENTICITY OF ANYTHING REGARDING THIS UNIT, INCLUDING MILEAGE OR IF ANYTHING WORKS OR IF THEY ARE RUNNING OR HAVE ANY/ALL PARTS INCL. ENGINE, TRANSMISSION, ETC. WE CANNOT AND WILL NOT GUARANTEE THAT THIS ITEM MAY NOT HAVE A SALVAGE TITLE. All information provided is believed to be correct but NO warranty as such is either intended or implied. All items are sold AS IS - WHERE IS AND WITH ALL FAULTS AND DEFECTS THEREIN.

What is this vehicle worth in the condition stated ? It is at $ 2800.00 now.

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Old 04-19-2010, 06:09 PM
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Mustang3GT07
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Are you buying this as a DD or Project Car?
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Old 04-20-2010, 07:25 AM
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convict1
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Was thinking of buying, fixing and reselling the vehicle. I think 3K is too deep to get into it for that...
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Old 04-20-2010, 03:34 PM
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sonicx
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HA HA, It doesn't sound like they're sure about too much huh. Just my 2cents for what its worth. If your looking for a quick flip, i wouldn't count on it. Having a "SEIZED VEHICLE" & "NO HISTORY" is going to scare away potential buyers even if everything checks out.
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Old 04-20-2010, 06:18 PM
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JC316
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What auction is this at? I would be interested in it for sure at that price and I am in Texas too.
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Old 04-20-2010, 09:30 PM
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SnakeConvert98
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looks just like mine,, i just went and looked in the garage to make sure my rear window was still in there,, it is!!!! Sounds like a good little diamond in the rough,, i would want to hear it run but, for the price, can't expect much better!!! I say go for it, if you don't you will always wonder, what if. Then again, you may wonder why the hell you bought it if you do. It's only money, right!!!!
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Old 04-20-2010, 10:38 PM
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SVTeeshirt
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**** that paint peeling? no keys (thats a $150 key not to mention you need the title) which you may have trouble with, doesn't run? Doesn't know whats wrong with it? **** 2800 for a ****ed up shell.
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Old 04-20-2010, 10:41 PM
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JC316
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Originally Posted by SVTeeshirt
**** that paint peeling? no keys (thats a $150 key not to mention you need the title) which you may have trouble with, doesn't run? Doesn't know whats wrong with it? **** 2800 for a ****ed up shell.
Not the way an auction works. If they don't have the key, they can't start it, thus they don't know. It was likely a repo and then it got sent to auction. It probably runs fine.
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Old 04-20-2010, 11:11 PM
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300Z5
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more then likley a repo, but then could be worse lol. good luck on fliping it if you do.
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