2003 Cobra to buy?

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.

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...

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!

zredfire04 said:

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...

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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.

COOL COBRA said:

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!

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

I think the owner will ask $30+

2003FordCobraTerminator said:

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

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Try mid to upper 30’s

Here is a lot of good info from my Terminator FAQs as far as things to look for and questions to ask when buying a used 2003-2004 Cobra.

2003FordCobraTerminator said:

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

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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.

2003FordCobraTerminator said:

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

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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!

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.

zredfire04 said:

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.

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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.”

Goose17 said:

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!

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

zredfire04 said:

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.

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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.

Goose17 said:

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

2003FordCobraTerminator said:

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

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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.

2003FordCobraTerminator said:

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

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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!

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

He’s a car theif at that price

25 is a gift.

Good luck