In the history of the Ford Mustang, it’s likely that the 1994-1998 model won’t go down as one to remember — largely due to its mediocre interior, its average performance and its relatively dull styling. There was, however, a bright spot: the 1996-1998 Mustang Cobra.
The Mustang Cobra first made its debut along with the rest of the ’94 models, but the original ’94 and ’95 Cobra models had just 240 horsepower from their V8 engines — not enough to really provide thrilling performance. But in 1996, Ford replaced the Mustang’s old-school 5.0-liter V8 with a new 4.6-liter unit, and performance was increased from 240 hp to 305. The result was, finally, a desirable high-performance Mustang.
If you missed out on this Mustang back when it was new, now’s your chance to get a new one all over again. This particular 1996 Mustang Cobra is finished in red with a black interior, and it’s traveled just 556 original miles from new. That means it’s basically a brand-new car, as it was driven only a few times and then stored away, preserved for future Mustang lovers. That could be you.
This Mustang is, indeed, immaculate, with a fantastic interior that shows basically zero wear. The odometer reading verifies the mileage in the ad, the engine bay is incredibly clean and the body looks totally untouched. It’s a time capsule back to the very best version of the 1994-1998 Ford Mustang.
Not surprisingly, this Cobra is a one-owner model, and it’s currently offered by Houdek Auto Center in Marion, Iowa, near Cedar Rapids, for $22,995 — a lot less than the inflation-adjusted price for a new Cobra back in 1996.