14,900 Actual Miles: 1994 Ford Mustang Cobra

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.

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  1. Bob_in_TN Bob_in_TN Member

    Nice Cobra. Like the 1996 Cobra featured recently, these are desirable models which have a following but haven’t completely caught on yet. I like to see the cloth interiors. If you prefer the venerable 5.0 and are fine with the horizontally-styled taillights (they were not well-received at the time), this low-mileage unmodified example would suit you fine. Good to see a clean one like this.

    Like 8
  2. CCFisher

    In 1993, the Greater Pittsburgh Mustang Club hosted an introduction for the 1994 Mustang. Not sure how they did it, but they managed to get John Coletti, the program manager for the 1994 Mustang, at the event. He was asked why the Mustang GT wasn’t truly competitive with the Camaro Z28. We were told to be thankful that the Mustang exists at all. Didn’t matter much to me. I had already canceled my order for a 1994 Mustang GT convertible to take delivery of a 1993 Camaro Z28. I have no regrets.

    Like 1
    • Steve R

      If you remember the Ford Probe, introduced in 1988 which shared its platform with the Mazda MX-6, was supposed to replace the Fox body Mustangs. It was lucky to survive.

      Even though Ford produced some great limited edition Mustangs after 1994, the GT’s didn’t shine, performance wise until the Coyote engine was released, especially when compared to LS powder Camaros.

      Steve R

      Like 5
    • Bob_in_TN Bob_in_TN Member

      I have heard a presentation by Art Hyde, now-retired long-time Ford manager (and Mustang enthusiast) who at one time held the position of Mustang Chief Engineer. His presentation outlined the ***several*** times the Mustang almost died, always because it wasn’t making money for the company. And what happened, usually led by internal “car guys,” which allowed it to live on.

      Like 2
    • GroveMan

      I would say the Camaro wasn’t really competitive with the Mustang. People voted with their wallets, and the sales numbers don’t lie.

      Like 2
  3. Bob McK Member

    I love this car. So wish it were not black. I do love black cars, but I just can’t keep them clean for more than a minute.

    Like 3
  4. Superdessucke

    Close your eyes and picture you’re in a ’93 version, which won’t be hard since they’re pretty much the same mechanically. Then enjoy the $25,000 savings and feel like a rich man!

    Like 2
  5. Rob S

    This is a well preserved example. But to me, at least, these are the ugliest mustang ever built. Looked like a wedge with a bubble grafted to the top. Too soft at every angle Terrible design!!! I would rather have a 78 mustang to these. Current values reflect this. GLWTS

    Like 1

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