Evaluation: Represented with 22,486 actual miles. Good original paint aside from a few small scuffs on the nose. Tight-fitting top with clean rear glass. Deep wrinkles to the seats but no issues to the interior. Lightly used, well-kept, and fast for a car from 1998. While the standard Mustang GT came with 225hp and 290 lb-ft from the 4.6-liter Modular V-8, SVT was able to milk out 305hp and 300 lb-ft in the Cobra.
Bottom Line: For the most part fourth gen Mustangs are just too new and too common to really be collectible, but brightly colored, low-mile performance variants like this Cobra are rare standouts and if this price is any indication they’re finally starting to catch on and swing upwards a bit. As always, though, it’s worth noting that this car’s sale price here is still short of its 28 grand original MSRP, and that’s before adjusting for inflation.