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2003 Cobra to buy?

Discussion in 'Terminator Talk' started by 2003FordCobraTerminator, Feb 10, 2019.

  1. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    All,

    First post, happy to be here. Thanks.

    Question.. I have an opportunity to buy a 2003 Cobra, red in color, 6 speed, all options, all documentation. Car has 2,000 original miles, totally original, no scratches, mint.. Original owner since 03. Car has been cranked every 6 months or so with a short drive. What should I check for upcoming issues? Inter Cooler? Also, what is a good price you think? Thank you.
     
  2. zredfire04

    zredfire04 Active Member Established Member

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    the #1 suggestion is get a compression test. cars could be modded, run into the ground, then put back to stock. those 2000 miles could have come 1/4 mile at a time...
     
  3. COOL COBRA

    COOL COBRA Hell Yes! Premium Member Established Member

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    Do basic homework. Can you see the car in person? If it's from the original owner, the questions you need to ask should be answered quickly.
    Check it out, then jump on it if the price is right!
     
  4. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    The only item non original under the hood is the battery and the oil. Car has been cherished, just not driven.
     
  5. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    Yes, I've seen and it is perfect every way. Does mid $20's sound right?
     
  6. im-1

    im-1 Premium Member Premium Member

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    I think the owner will ask $30+
     
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  7. dom418

    dom418 Well-Known Member Established Member

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    Try mid to upper 30’s
     
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  8. CobraBob

    CobraBob Authorized Vendor Premium Member

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  9. COOL COBRA

    COOL COBRA Hell Yes! Premium Member Established Member

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    If the car is as you say, mid 20's would be considered a low ball offer.
    If mid 20's is his asking price, that'd be the deal of a lifetime for a 2k mile never modded car.
     
  10. Goose17

    Goose17 SVT collector nut Established Member

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    Sounds like a fantastic car! Don't shoot him an offer. Ask him what his asking price is and then decide a course of action. If it is in the 20s, the seller does not know the value of what he has. If it is in the low to mid 30s, it's still a good deal for what you are getting. There aren't too many low-mile unmolested Terminators left. This sounds like a good find!
     
  11. zredfire04

    zredfire04 Active Member Established Member

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    Also consider what you want it for. If you want to drive it, pass. Nearly $10k of it's value is due to low miles. If you want it as a collector, could be a good buy. Red isn't a high demand color. Of it were MC, CO, or SB I could see mid $30k. For red, high $20k is where it should be IMO.
     
  12. Goose17

    Goose17 SVT collector nut Established Member

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    While I agree a color like Mystichrome will command a higher price, a 2000 mile virgin Terminator in any color is kind of a rare find. If it’s priced in the 20s, it’s a steal! zresfire04 brings up a good point though... if the car is going to be modded and driven extensively, you might as well not pay the low-mile virgin price and find one more well “used.”
     
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  13. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    Asking $25K.. I'm going to try at $23
     
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  14. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    Sunday grocery getter with a drive to work once a month. I'd put less than 2,000 a year. Keep for a few years then move on to a different Stang. Goal would be to still sell, if I did, with less than 10k miles.
     
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  15. 2003FordCobraTerminator

    2003FordCobraTerminator New Member

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    I'll plan no mods. Enjoy it exactly as it is.
     
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  16. COOL COBRA

    COOL COBRA Hell Yes! Premium Member Established Member

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    Consider yourself very luck to find that car @25. Shoot him the offer, all he can say is no.
    At 23 or 25, you'll get your money back with your plan going forward as long as the car is kept up. Good luck, post some pics once you nab it.
     
  17. Goose17

    Goose17 SVT collector nut Established Member

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    WOW! Did you check the Carfax and did you take it for a spin? That’s a hell of a deal if it’s all good!

    Congrats in advance!
     
  18. 3xBlackCobra

    3xBlackCobra Active Member Established Member

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    Damn if everything is in the up n up, I'll buy it if OP doesn't. That's a steal
     
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  19. TK1299

    TK1299 Foamer Premium Member Established Member

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    He’s a car theif at that price
     
  20. hotcobra03

    hotcobra03 Well-Known Member Established Member

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    25 is a gift.

    Good luck
     

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