The final model of the 5.0L V8-powered Cobra, distinguished from the 96-98 models by the standard Mustang hood and horizontal bar tail lights. The signature SN95 Cobra hood would not be found on it until the DOHC 4.6L models the next model year. The 5.0L Cobra was good for 240hp and this particular model is equipped with the tremec five speed manual transmission. The combo is capable of 0-60 in 6.3 seconds and a quarter mile of 14.1 seconds. At the time performance was comparable to the Z28 and Formula offered by the General.
The Mustang however came with a much more robust aftermarket, easier accessibility to the engine for modifications and a serious upgrade in interior build quality. This all came at the cost of less aggressive looks in contrast either of the F-body twins or the boxy fox predecessor. With an asking price of $49,900 in the non-auction section of Barrett-Jackson this car has only 106 miles on the odometer.