Mustang Owners Club Australia Forum
Technical & General Discussion Area => Mustang Chat Room => Topic started by: GregBA on June 22, 2021, 01:33:39 pm
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I'm looking at buying this vehicle, a 2003 Mustang Cobra SVT V8 Supercharged Manual 5 speed. The vehicle was originally purchased and shipped by the current owner in 2007 from the USA and converted to right hand drive. A RAW Scheme Inspection Certificate was also provided.
The question I have is what do you think this vehicle is worth on the open market. It owes the owner $70,000 with the original purchase price, shipping and RHD Conversion. A high price for it I think due to probably over capitalised. You comments will be appreciated.
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Australian delivered 2002/2003 SVT Cobras on carsales.com.au are going for roughly half that price.
But they were probably purchased originally for the same or more than the capital that the seller has in this one.
The quality of the RHD conversion will be an unknown, whereas an Aust delivered one was at least commissioned by Ford.
The Aust delivered ones have some known issues - one being that the clutch cable stretches, as it is very long and runs right around the front of the motor (presumably to avoid a tight radius). Cables are hard to come by - have to be custom made. Whether this one suffers the same will depend on how the manual clutch mechanism has been modified.
Search for SVT on this forum and you might find out more, plus be able to contact some owners.
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I have a Australian delivered 2002 Cobra, I installed a 2003 S/C Cobra drivetrain from a wreck in the US.
The engine/gearbox etc has about 65+K on it now, it cost about $20K to swap out everything out - it's also had the seats swapped, gauge cluster, exhaust, fuel system, trunk & spoiler/hood/bumpers/scoops, wheels and Brembo brakes from a Cobra R etc. It's as close as I could get to a Terminator Cobra in Australia without going through everything your seller did.
I upgraded the Eaton to a Whipple and it's a monster 425rwkw/971NM - they're cool cars and 7/800hp with the right add-ons is reliable due to the forged internals and Manley Rods as standard items.
In the US the value of the 03/04 cars is going up - they're knocking on the door of $30KUSD for a great, low-mileage example now, but the market here in Oz if different and people think of the Tickford Cobra not the Terminator Cobra.
I'd value my car at around $40K on a good day and a Convertible slightly less - although the fact that your car is an original 03 would negate that.
Just my opinion...
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Thank for your input Scollist and Jiffy. $40 to $45K seems to be about the mark. Hard to price when there isn't much exactly the same. Jiffy, I though a convertible might be more, not less?
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Interesting point - I think a Conv is "cooler" to cruise around in especially on a warm day, but a Coupe/Fastback is generally thought to be "tougher" due to it's inherent chassis strength. A S/C Cobra is a tough car
This is certainly borne out via sellers in the US...
FWIW, a guy I know also sold a Black 2003 Cobra Convertible in Australia about a year ago - very nice car and he got mid-30's for it.
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