1998 Ford Mustang

SVT Cobra Coupe
GAA Classic Cars February 2021
Thursday, 25 February - Saturday, 27 February 2021
Sale Price
26 February 2021
Sold Date
Lot Number
GAA Classic Cars
Auction House
Chassis no. 6Y87Z107587. White over black leather. 281/305hp, 5-speed, side exhaust, fog lights, power windows, factory stereo.

Evaluation: Represented as one of 5174 SVT Cobra Coupes built for 1998 and with 56,264 original miles. Well cared for with no major scrapes or scratches on the body. Clean interior but the leather shows the serious wear and wrinkling commonly seen on ’90s Mustangs. A used but not abused SVT Cobra.

Bottom Line: Fourth gen Mustangs in general and even special high-performance versions like this car haven’t really come into their own as modern collector cars, even as people pay out the nose for clean Fox-bodies and other sporty ’90s cars. Limited-production, performance models like the SVT Cobra tend to stand out as the years go on, however, and it’s hard to imagine this car will ever be worth much less than it is right now. It’s a good value at this price in terms of rarity and performance. Its mileage is also low enough to be somewhat impressive but high enough that it can be driven casually.

by Andrew Newton
9 March 2021
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.