We appreciate Jeff A bringing this 1993 Ford Mustang SVT Cobra to our attention. The car has only 31 miles on the odometer which is basically delivery miles since new. So what is a brand new 1993 Ford Mustang Cobra worth? Well, we will find out when it is auctioned on Saturday, October 2, 2021, by Hayes Auction Services in Mechanicsville, Maryland. For more information, the car is listed here on Facebook Marketplace. The Cobra was delivered to the owner in 1993 on a roll back truck to his climate controlled garage.
The Ford Mustang SVT Cobra was produced from 1993 through 2004. SVT stands for Special Vehicle Team. The Cobra was considered the top of the pecking order in terms of performance and positioned above the Mach 1 and Mustang GT packages. The car was produced in limited numbers with just 1,355 Cobras produced in 1993. Ford’s 302 cubic inch V8 engine was rated at 235 horsepower and 280 lb ft of torque. This was achieved with high flow GT-40 heads and a special intake manifold and camshaft design. Exhaust from the engine was routed through low restriction pipes and tuned mufflers. The engine was backed by an upgraded Borg-Warner World Class T-5 transmission.
The MSRP on this car when new was $18,505 before any options were added. The Opal Gray interior looks brand new and is covered in protective plastic. If you always wanted one of these cars back in the 1990’s, this might be your chance to basically buy a new car like it was 1993. There is a 10% buyer premium for this auction so be aware of that as you place a bid. According to Jim Campisano’s book on SVT Mustangs, only 802 Cobras were built in 1993 in Teal Metallic with the Opal Gray Leather interior.
The 1993 Ford Mustang Cobra came in 4 exterior colors including Vibrant Red Clearcoat (ES), Vibrant Red (EY), Teal Metallic (RD) and Black (UA). For also produced a Cobra R in limited numbers. The R stood for race and the cars had no radio, air conditioning, sound deadner or power options besides power steering and brakes. For Mustang fans, this is a special find.
I suppose this car will be condemned to an eternity of static display.
That seems sad to me. I’ve driven a few of these — including an “R” model, which was downright brilliant — and have wanted one ever since.
I would be forced to drive it, hard and often. After replacing all fluids and the battery, cleaning all lines, replacing tires and probably renewing a myriad of gaskets, belts, hoses and seals. I just hope the original buyer drained the fuel tank, at least.
Don’t really enjoy being negative, especially when the subject is so desirable a car. But if you can’t jump in, fire it up and head for the back roads to give it the use for which it was originally designed, it’s not worth much to me.
The Time Capsule! crowd will probably go crazy over it, though.
I just did an online calculation. Not sure of it’s accuracy but, $18,000 invested in the stock market in 1993 would reportedly be worth “about” $280,000 today.
Pretty good plan not enjoying your new car.
“DAM SHAME” Not driving a car is like this is like not having sex with your wife / girlfriend. Keep it pure for the next guy. I’ld drive it like I stole it.
Nice but I bet I’ve had a lot more fun with my ’96 GT that has 185K miles on it. Except for wear items it’s original. Exhaust, clutch, wheels, stereo. Never driven in winter but driven.
Nothing says you can’t drive this one.
I feel kinda bad for these cars. Not the financial geniuses who have condemned them to a lifetime of being loaded on and off trailers. Not a great return on investment. The technology has been surpassed by most economy cars. Poor little car will probably never turn a tire in anger. What a waste, imho.
GTs were down right homely, if you ask me. Give me an LX any day of the week. A GT is like a woman who uses too much makeup and looks like a harlot for the effort. The LX is the pretty girl next door. Like Ginger vs MaryAnn, and we all know who won every time it was brought up. I also fully agree with Robj. Stupid investment, but I suspect anyone who can afford to do this 1) didn’t work too hard for their money, and 2), won’t even think a moment about the money they should have made in a better and (a no brainer) investment. Anyone who makes these poor investment choices, obviously is not a wise businessman, and probably got their money the old fashioned way.
I look at it another way. The original buyer always wanted this car. He worked hard and made enough money to fulfill his
dream. Wanted to keep this car to remember that the hard
work enabled him his luxury plus enough to buy other cars for daily use.
A smart and successful businessman.
I too would have driven it. Otherwise, tough crowd. Sure, it was a bad investment; what collector cars aren’t? One definition of “hobby” is something on which you spend your discretionary money, the key word being “discretionary.” I enjoy seeing no-mileage cars like this, to appreciate what they looked like when new. And I bet the owner enjoyed owning the car with the intent of preserving it.
Collector cars that aren’t a bad investment? Any car that you enjoy driving. Sure, if this were a ‘time capsule’ Ferrari or Porsche or any one of a number of internationally coveted marks, then maybe he’d have made money on it, but something that feels common to a non-specialist might as well have been a Hot Wheel.
The last ultra low mile 93 Cobra sold for $145,000, so no, it was not a bad investment at all. He will make over 125k, and had the enjoyment of owning this car for 28 years. My 93 Saleen has really low miles, and everytime I look at it or sit in it, it puts a smile on my face. Priceless. Cars are not investment portfolios, they are for enjoyment. People experience that joy in different ways.
Don’t forget capital gains tax and auction fees. That takes 1/2 the money
call me crazy but i understand having something that others will covet.
That is a childish and selfish emotion.
Thank you, Oprah.
Should have invested in Amazon stock.
and how many shares of a book store did you buy in 1993? hind sight is a wonderfully depressing capability.
I own a 1968 Shelby GT 500KR. A real one. The joy of owning a car like this is driving it!! Maybe not 5000 miles a year, but just turning the key and going for a drive puts a big smile on my face and brings me true joy. I have to concur with most of the comments I’m reading above on this low mileage 1993 Cobra. Drive the darn thing and enjoy it! You only live once and Hagerty Insurance covers the rest. Hit the road and have some fun, even in the rare Mustangs. Just my two cents.
I have a 2014 Mustang 6 cyl., 6 speed and I agree. I maybe put 5k on a year (it has 25k right now) but I smile every time I drive it.
Kudos to Sarah M. I agree completely. Tire smoke and edging out the other lane in the 1/8th mile are the best part of driving any performance car regardless of the value. I would drive it like I stole it regardless of what it’s worth just like I have my whole life. You’ll never hear any car guy or gal say, “ Man I wish I had driven that car less.”
Love the car. Went to the Facebook page…not sure how to register for the auction. Will probably be out of my price range but still interested. I owned a similar LX back in the day.
The truth is the seller will make money, which does not happen with many cars as investments, unless you bought an L88 Corvette in 1980. I know a guy that did. And while walking around the Carlisle Spring Meet in 1981, I saw a B5 Blue Hemi Cuda with the then ridiculous asking price of $13,500. I still have a photo of it. I knew then that certain cars would go to Pluto price wise. By 2005, that Hemi car was worth about $750,000. Not today, but that’s the price you pay. This Cobra will go for huge money based on two things, mileage and color. That color is the best for 1993. But, I drive my old Corvette every chance I get, not in rain or snow, but drive it at least once a week cause the wife loves riding in it. It’s amazing to me how many 93 Cobras were put away. Yes, behind in technology, but for those of us that love old cars, who gives a crap?
100% agree. The only thing that sucks about this car is how out of reach it is for a lot of folks who really love American muscle cars and would actually drive it. No amount of engineering that ever went into any car design was based on whether the gaskets would get hard and the oil start leaking out after the car sat 30 years.
I’m probably in the minority but I think its a 25k car at best. If I had 60, 70, 80k+ to drop on a car, seems like a 2021 Vette is a no brainer…not something with less than 300hp and one that I arguably couldn’t even drive.