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Ford Mustang, Convertible
#1 of 54 Curious about high mileage Cobra
Oct 16, 2002 (9:52 am)
I'm in the market for a 1998 or 1999 Cobra. I love the body on the 1998, but also like the IRS on the 1999. Anyway, I've found a convertible 1998 that is VERY affordable, but it has 100,000+ miles. Is this something that I should avoid completely, or would I be able to maintain it at a reasonable cost? What about the performance? How long can I expect the engine to last? At the price, it would leave some money in reserve.
#3 of 54 RE:HI MILE COBRA
Oct 16, 2002 (2:31 pm)
I'LL BET FESTUS'S MULE WAS TREATED BETTER THAN THOSE COBRAS...
#4 of 54 I wouldn't touch it
Oct 16, 2002 (4:08 pm)
unless you are a mechanic.
Oct 16, 2002 (9:22 pm)
The drivetrain can be rebuilt but I'd be worried about body rigidity. Those aren't the tightest cars in the world, even in coupe form, even with low miles. I've had two loose convertibles and all that flexing takes a lot away from the experience.
Of course nothing could be like the '89 Camaro convert I drove once. Those cars came from the factory clapped out and this one had 60k hard miles. Boy what a ride that was. Must be like what you'd get if you strapped a small block to a shopping cart.
I'm not so sure a Cobra convertible has necessarily been driven hard, at least not by its original owner. Most Mustang 'vert owners I see are guys having a midlife crisis.
Oct 16, 2002 (9:32 pm)
I suppose it would be okay if you got it really dirt cheap. Figure 2/3 of the car's useful life is gone, and it's the best 2/3, too.
So figure out how much the leftover 1/3 senior citizen years are worth to you.
Oct 16, 2002 (11:31 pm)
The more I think about it the more I like it, assuming you get it for the right price and that you're okay with the idea that after you're done with it it'll be virtually worthless.
Those cars weren't cheap when they were new and if that didn't keep young hotshoes out of the driver's seat the insurance premium would. So assuming you're buying from the original owner I think you're dealing with someone with some maturity--some, anyway. Enough to maintain it and not beat it senseless.
I drove a Mustang LX 5.0 convertible once, a '90 or so, and it was a righteous experience. The '93-up lost some of the fun factor but gained some rigidity and refinement. That's important in a convertible.
Oct 17, 2002 (4:01 pm)
I agree with SS. Your question here revolves around price as much as anything. High mileage cars like this should sell at a distress price or forget it.
You can buy lots of new things for your used car, but you cannot buy back the miles without a complete restoration.
#9 of 54 High mileage mustang cobras
Oct 24, 2002 (6:49 pm)
Check availability of service records, how often the oil/filter were changed and type of oil,(conventional or synthetic)I have a 97 GT purchased new and now has 93,000 miles and kept the oil/filter changed (synthetic oil and sometimes regular conventional oil) and have not experienced any engine problems (ie; leaks or excessive oil consumption) And I do drive the car resonably hard.
#10 of 54 Synthetic vs Regular Oil in High Mileage Situations
Oct 25, 2002 (1:17 pm)
Do you think synthetic oil makes a big difference when putting high miles on a performance car like a Cobra vs regular changes with regular oil?