Vehicle Description

Nicely documented, exceptionally maintained, and a nearly impossible low mileage are awesome to have on any convertible. But it gets to a whole new level of rarity and desire when you find it on a 1994 Ford Mustang SVT Cobra that's also an official Indy 500 Pace Car Edition. So the total impression of this ultra-rare modern muscle machine is almost like you were getting this drop-top brand new from Ford.


1994 was the debut year for the new Mustang styling, and this style arguably started a revolution second only to the original cars launched three decades earlier. So a benchmark Mustang like this needs to have all the right touches in place. A great example is the factory Rio Red. It shows all signs of being the original paint, and it retains the kind of showroom-level shine that will give you pride at the car shows. This kind of presentation comes from a car where the 1978 miles on the odometer is believed to reflect the car's full actual mileage. The reason why something like this would be treated so special is because of its provable true lineage. Ford had not made a Mustang Cobra convertible in decades, and there were only a select few that were crafted to commemorate the 1994 Indy 500 pace car. There were only 1,000 example produced, and this one comes with its SVT certificate certifying it's number 618 of this specialty batch. In fact, these were so in-demand that while it was the most expensive Mustang from Ford, the original owner of this one still paid $7k over the sticker price! So you can understand how it has been cherished from day one. It's also why you'll see everything so well preserved - from the special Indy 500 decals to the elegant saddle tan roof.


Inside, this one retains its time capsule status and upper-class distinction. The premium feeling starts with the seats. These are covered in supple leather, and the drivers side power adjusts to the ideal comfort position. The ultra-low mileage feeling is reflected in factory-like condition of these bucket seats, and that's a good thing, because the special edition traded in galloping pony in the seatbacks for the exclusive Indy 500 logos. This has all the best luxury features, like power locks, keyless entry, power steering, tilt steering column, cruise control, dual airbags, anti-lock brakes, and the premium AM/FM/cassette/CD stereo. Power windows and a power convertible top mean never having to leave the driver's seat when opening this one up to the world, and cold-blowing air conditioning means staying cool even in the summertime. And while this one looks like has barely ever left the garage, it will be difficult to resist getting out on the road. A leather-wrapped steering wheel, sporty white-faced gauges, and the crisp action of the stick shift will get your enthusiast heart pumping.


Ford's iconic and powerful 5.0-liter V8 was revised and upgraded for 1994, giving the Cobra a total of 240 horsepower. The cast aluminum intake manifold was unique to this model, along with GT40 iron heads, roller rockers, and valve springs. This Mustang looks just like the day it left the factory, right down to the rubber boot over the distributor. So it's easy to believe this is an all original setup. In fact, it appears all the correct production markings and decals are still in place. It's a level of care and preservation that is becoming rarer every day. Of course, the exceptional performance of a fuel-injected V8 and the excellent control of the five-speed manual transmission come together to make sure this one is always ready for fun. Handling is also worthy the Cobra name thanks to the limited slip rear end, sway bars front & rear, and four-wheel power disc brakes.


The exceptional documentation on this car includes the original window sticker, bill of sale, dealer invoice, title docs, and owner's manual packet. There are even replacement Indy 500 decals that come with the sale (although the present ones already look excellent on the car!) From day one, this valuable rarity has been treated with respect it deserves. So if you're a true collector, call today!

Vehicle Details

  • Listing ID:CC-1352495
  • Price:$24,995
  • Location:Lutz, Florida
  • Year:1994
  • Make:Ford
  • Model:Mustang
  • Exterior Color:Rio Red
  • Interior Color:Saddle
  • Transmission:Manual
  • Odometer:1978
  • Stock Number:2313-TPA
  • VIN:1FALP45D1RF160562