Cheap collector cars are a bit of an oxymoron, but the concept does come to life on occasion. In this instance, we have a 1993 Ford Mustang Cobra with 92,000 miles on the clock that’s being offered with a very reasonable Buy-It-Now of $24,000. The Cobra of the Fox body years was a solid performance car all-rounder and lately has been surging in popularity as limited production models from the 80s and 90s come back into style. This one has a few modifications, mostly to the chassis, and presents well. Find it here on eBay with bidding to $17,800 and the reserve unmet.

As noted here previously, everyone who owns a Fox-era Cobra seems to be putting it up for sale lately. I suspect there’s some realization that these cars will never achieve the same greatness as a genuine Shelby Cobra, which for years set the standard in muscle car benchmarks. The 90s-era Cobra also had stiff competition from foreign and domestic makes alike, giving buyers plenty of options when searching for an epic 90s performance car. The Cobra as seen here looks completely stock from the outside, but it does have an aftermarket exhaust and rides on an aftermarket coil-over suspension. All body panels are said to retain original VIN stickers.

The interior isn’t described as being anything other than OEM correct, but right away, you can tell that those seats are not the ones it left the factory with. They actually look like the buckets from a later Cobra, and whoever did the swap also transplanted the back seat from a later car as well. I’m on the fence with these adjustments, as on the one hand, at least it’s still in the family, but on the other hand, I can’t help but think I’d like the Cobra more with its original interior intact. To the automaker’s credit, the seat design generally correlates with the era in which the car was made, so I like to think they know best about which upholstery pattern matches the car’s personality.

The engine bay remains stock, in the sense, there are no cold air intakes or superchargers installed. The seller does note a few more tweaks, including thicker sway bars on the front and rear and a tubular K member. I really like the mixture of modifications on this Cobra, aside from the interior, as you can’t help but put an exhaust on a V8-equipped Fox body, and the suspension and chassis tuning should address the one weakness most muscle cars have when leaving the factory: lack of sharp handling. This Cobra is likely a hoot to drive with those tweaks and the coil-over suspension, and is an absolute bargain at the current bid price – hopefully, the reserve is still somewhat below the Buy-It-Now.