The old and new stangs are really different animals.
I like my '65 fastback (302) for different reasons than the '95 cobra (5.0). I learned on the '65 and it is alot easier to work on and diagnose problems. No computer, only a couple vacuum lines, probably 1/100th of the wires running around, no smog equipment,no power steering, no AC. The '65 is great for straight-line power and turns way more heads that the '95 cobra convertible. If the '65 breaks down, I fix it myself with the tools I have.
For the '95, the thing handles corners like you wouldn't believe. The AC is great. If it breaks down, I pay a mechanic to fix it, but it doesn't break down very often.
With some engine/drivetrain work the '65 is as fast as the factory original '95 cobra in the quarter mile.
I would go with the one you can get more local help with. You will always need a spare set of hands and it helps if they are knowledgeible and interested. Either way, it will be a great experience.
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