The Cobras are nice cars, really nice cars. The 4V motor rocks.
But, I know I'm going to catch hell for this, I'd probably go with the 01 GT. The after market for both cars is about equal, Stock Vs Stock, the performance is about equal.
Your getting a new car, you dont know how a used car was driven before, or how much the previous driver really babied the car. You dont know the maintance history of it.
I personally like the looks of the 99+ cars better. To me they look more aggressive and meaner. The 94-98 cars are pretty cars, dont get me wrong.
Now if it was a 99 or 2001 Cobra, then that would be diffrent.
On a side note, If Ford brings out the MACH 1 Mustang and its like the concept, then I'll probably be selling my 2000 GT (If I dont have it paid off by then) and getting one.
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64 1/2 "D" code Red Mustang Coupe. 289, C4, Mallory duel point. Ported & Polished 65 heads shaved .01 with 351 valves, 11:1 comp, 1.7:1 rockers, blue wolverine lumpy cam, modified 4100 Hipo 4 barrel. GT Apperance pkg. And to many others to list
2000 Perf Red Mustang GT. 5spd. BBK Underdrive pulleys, Flotech off-road H pipe. Hurst T-Handle, 40 series Flowmasters, Steeda Tri-Ax
64 1/2 red 6cyl coupe. Future resto.