UPDATE – I just spoke with the seller of this sweet Mustang and they are lowering their asking price to $22,000! Be sure to take another look and be sure to contact Steve with any questions or to make an offer.

FROM 3/17/2021 – This 1994 Ford Mustang Cobra is a low mileage example and an early production model from the SN95 platform’s SVT-born offering. The SN95 Cobras essentially existed in two generations, and this being an earlier car came equipped with the venerable small-block V8 paired to a five-speed manual gearbox. The seller notes that this example comes with service records and the necessary documentation to back up the miles, and is listed here on Barn Finds Classifieds for $22,000 in Ridgefield, New Jersey. The Mustang doesn’t sport any apparent modifications and features a black/gray cloth interior.

When the SN95 cars debuted, Ford made it clear that it wasn’t strictly chasing the Camaro with its refreshed muscle car. Reading road tests and editorial reviews at the time that incorporated interviews with Ford’s head honchos revealed a desire to create a more refined muscle car, one that wasn’t solely chasing quarter-mile times as its primary measuring stick of worthiness. The Cobra was offered as a way to appeal to enthusiasts who wanted a vehicle that could do drag racing, track days, or simply drive it to work, all with the exclusivity that only a limited edition model can provide; hence why it was sold at just a few select dealers deemed qualified to work on SVT products.

The reality was, however, that the Cobra – despite its numerous modifications and enhancements over the standard GT – wasn’t appreciably different than the previous generation model. The small-block V8 was a carry-over from the last iteration of the Cobra, albeit with some enhancements to drive higher horsepower numbers, and the Cobra also received bigger brakes, some cosmetic enhancements, and adjustments to the chassis to support sharper handling without creating a harsh ride. The Cobra seen here also sports the correct Cobra wheels and apparently hasn’t been modified from stock, as the wheels and exhaust are usually the first things to go when tuning a muscle car like this.

White face gauges and a steering wheel stamped with the words “Cobra” greet you inside, and it’s surprising to see cloth buckets instead of leather in the higher-end Mustang offering. But it’s also not surprising given the SN95 was not a complete make-over of the ’93 models despite having a thoroughly refreshed exterior appearance. The Cobra was given mixed reviews, as it still couldn’t catch the Camaro of the same year and was only marginally faster than the standard GT – but limited production muscle cars rarely go unloved, and there’s still a strong following today for an early SN95 Cobra like this one – and few remain with this sort of mileage and bone-stock condition.