This is quite an honest seller. He clarifies that this 1977 Mustang Cobra II is almost a barn find, simply because it has already been removed from the barn in which it was stored. Those clarifications aside, this rough-looking Cobra is said to be fairly solid underneath that tired paint, and runs well enough that cosmetics are its greatest needs. Find it here on eBay where there’s no bidding activity yet with a $4K opening bid.
The seller says this Mustang II runs pretty well and that the automatic transmission still shifts through the gears with ease. Given it looks like it has been laid up for many years, I’m surprised to learn it still runs. The key Cobra bits are mostly still there, including the aero kit like this rear spoiler and the front air dam. It even comes with the very period-correct rear window louvers, though it is missing two of the sweet mesh wheels standard to the Cobra. No problem there – I hopped on car-part.com and found two yards with the correct wheels.
Interior cosmetic are also tatty, with a new dash pad a requirement for whomever owns this car next. The seller says the floors are solid but it will need new carpets. The seats are in good condition for the most part, but the driver’s seat is said to be worn. Overall, this ‘Stang feels like it just became a tired used car but was never hacked up parts or modified to be something more fierce than Ford’s most unloved Cobra. With some suspension tweaks, these Mustang II’s can be made into competent handlers – and the 302 will do just fine for weekend cruising.
With fresh paint, two new wheels and the interior sorted, this Mustang Cobra II would be transformed from barn-stored recluse to a semi-rare driver that you won’t be afraid to use. Though there wouldn’t be much financial upside to the project, there’s a lot to be said for a car that you can clearly see what you’re getting into, and this Cobra doesn’t appear to hide many secrets. If bidding stays at or below $5K, would this forgotten Cobra be worth rescuing?