- A near-perfect 1993 Mustang SVT Cobra is being auctioned online.
- The original owner stored the car carefully, before selling in early ’26.
- An original 302 cu-in V8 with factory Cobra components makes 235 hp.
Is there any car that sums up simpler times better than the Fox-body Mustang? Fast, affordable and tuneable, it was and still is, a hero car for many American drivers. What isn’t necessarily simple, is finding a good, unabused one in 2026. This Mustang SVT Cobra up for grabs on Bring a Trailer is one rare exception. It’s covered just 66 miles (106 km) from new.
The ’93 Cobra was bought new from Roy Raymond Ford of Twin Falls, Idaho, and instead of immediately throwing on a load of bolt-on tuning goodies and terrorizing his local roads, the first owner parked it in his garage and left it there for 33 years. Which is why it looks almost as good underneath as it does on top.
Related: Ford Showed Dealers An Off-Road Mustang V8 Coupe With AWD
Bar a couple of small scrapes underneath the front bumper, the Teal Metallic paint is immaculate. Same goes for the black leather on the ugly airbag steering wheel, and the Opal Grey leather on sports seats that look distinctly unsporty by modern standards.
Another sign of how times have changed is the power output of the 302 cu-in, 5.0-liter V8. Despite gaining a Cobra-specific intake manifold and cam over the regular 5.0, a 65 mm throttle body, GT40 cylinder heads and aluminium roller rockers, the Cobra made just 235 hp (238) and 280 lb-ft of torque. The base 5.0 cranked out 205 hp (208 PS) that year; a MY26 GT makes 480 hp (487 PS).
Cobra Chassis Tune
Power heads to the Traction-Lok LSD-equipped rear end through a five-speed manual transmission, and the chassis features four-wheel discs, Cobra-spec springs, dampers and anti-roll bars, and 17-inch Turbine alloy wheels. And no, the center caps haven’t been pilfered. Thieves have never had the chance. The caps are stored safely in the trunk.
The window sticker shows the one-year-only Cobra package added $1,455 to the $18,505 base price, and the owner also splashed for a few other options, like the leather upholstery ($523) and CD radio ($321). The total bill came to $21,223 ($49,199 in 2026 dollars).
Déjà Blue
When we first came across this car’s listing on Bring a Trailer, I was sure it was the same car I wrote about back in 2022. That one was also dressed in Teal Metallic and had covered 33 miles (53 km), so I presumed the owner had added 33 miles more in the four years since. But a closer look confirms it’s an entirely different Mustang, even though their specs and fates were almost identical.
That 33-mile car sold for $94,000 in May 2022, but this new one has already sailed well past that point. With six days still to go on the auction, bidding has hit $105,000. That puts it in the same ballpark as the new Mustang Dark Horse SC, which has an MSRP of $108,485. But bidders are going to have to go crazy before they reach the $328,000 a new Mustang GTD costs.
Both Cobras were clearly bought with investment in mind, but it must be hard trying to work out when to sell if the option to cash-out early on for big bucks never materializes. Just look at what happened with the Dodge “Last Call” Chargers and Challengers. The two Mustangs ended up stored for decades, and while just owning these giant paperweights might have given their owners a kick, they missed out on the chance to enjoy driving them.
Should Have Driven It
They weren’t even particularly great investments. If you’d put the $21,000 this latest Bring a Trailer car costs new in the S&P 500 in 1993 and left it there, you’d currently be sitting on almost $700,000. But if we were already sitting on $700k and obsessed with Fox Mustangs, this would make a great addition to your collection. Just remember to factor in another $50k for one you can drive. You can check out the fill auction listing here.
