For Sale: 1994 Ford Mustang in Newfield, New Jersey

Few modern Mustangs combine rarity, documentation, mileage, and historical significance quite like the 1994 SVT Cobra Indy 500 Pace Car Convertible. Built to commemorate the Mustang Cobra serving as the Official Pace Car for the 1994 Indianapolis 500, Ford produced just 1,000 examples for public sale, all finished in the distinctive Rio Red, Saddle leather, and Saddle convertible top combination. This collector-quality example is individually numbered #356 and has traveled only 4,854 original miles since new.

Power comes from Ford's high-performance 5.0-liter Cobra V8 paired with the enthusiast-preferred five-speed manual transmission. A Traction-Lok rear axle helps put the power to the pavement, while an SLP cat-back exhaust has been added to give the car a deeper, more aggressive V8 sound. The SVT Cobra chassis also received performance-tuned suspension with variable-rate springs, gas-pressurized front struts and rear shocks, power rack-and-pinion steering, and four-wheel power disc brakes with ABS.

The Rio Red Tinted Clearcoat exterior remains one of the defining features of the Pace Car edition and is complemented by the Saddle power convertible top and unique Saddle Indy leather interior. Special leather sport seats feature embroidered Cobra Indy logos, immediately distinguishing the car from a standard Cobra. Seventeen-inch painted cast-aluminum wheels and P255/45ZR17 performance tires provide the proper SVT stance, while fog lamps and the rear spoiler complete the aggressive but factory-correct appearance.

Inside, this Mustang was ordered with Preferred Equipment Package 250P and Cobra Convenience Group #3, providing an excellent balance of performance and comfort. The articulated sport seats include power lumbar support, while additional equipment includes air conditioning, power windows, power door locks, remote keyless entry, illuminated entry, speed control, rear window defroster, and a leather-wrapped steering wheel. The Mach 460 premium sound system and compact disc player remain part of the car's well-equipped factory interior.

What truly separates this Cobra from most Pace Car examples is the level of documentation that has remained with it since new. The original window sticker is included and shows an original MSRP of $26,845, while the SVT Certificate confirms its special-production status. Also included are photographs of the car before dealer pre-delivery inspection, the original customer invoice, original inspection sticker, a copy of the original MSO, the original PDI checklist, and even factory assembly stickers that were typically removed during dealer preparation.

The documentation goes even further, including original correspondence from Ford to dealers concerning the Pace Car decals, the original insurance card, and additional paperwork accumulated throughout the car's history. Details like these are extremely difficult to recreate decades later and add tremendous value for collectors who appreciate having a complete historical record rather than simply a low-mileage car.

Garage kept since new and backed by a clean CARFAX, this Mustang has clearly been preserved with long-term collectibility in mind. With just 4,854 original miles, it remains an exceptionally low-mileage example of one of SVT's earliest and most recognizable special-edition Mustangs.

Combining production number #356 of only 1,000 built, 5.0-liter Cobra performance, a five-speed manual transmission, unmistakable Indy 500 Pace Car colors, and an extraordinary collection of original documentation, this 1994 Ford Mustang SVT Cobra Indy 500 Pace Car Convertible is a standout opportunity for the serious Mustang or SVT collector. It is a beautifully preserved piece of Ford performance history with the mileage, provenance, and paperwork to make it truly special.

South Jersey Classics is a 10,000-square-foot classic and specialty collector automobile dealer, featuring 50+ vehicles. This vehicle is located in our showroom in Newfield, NJ. Our Dealership is on US Route 40 just off New Jersey Route 55, Exit 39B heading towards Elmer, NJ; conveniently just 40 Minutes East of Philadelphia, 40 Minutes West from the Major New Jersey Shore Points, and 30 minutes North of the Delaware Memorial Bridge. Our Showroom is conveniently accessible from all major Southern New Jersey Roadways including New Jersey Turnpike, I-295, I-76, NJ Route 42, NJ Route 55, US Route 40, Atlantic City Expressway, and New Jersey Parkway. Our website is www.SJClassics.com and our phone number is (856) 521-0832. Don't hesitate to contact us anytime for more information or to come to see the vehicle in person. Please be sure to view all of our HD photos directly at our website www.SJClassics.com for the best viewing experience