Just bought a 97 Cobra now what?

[StoplightWarrior]

Congrats! You've got yourself a great platform to work with. You can start small, and go the bolt on route with great results. If I were you, though, I'd keep it really simple. My bud has a 98 Cobra and his only mods are Bassani X-pipe and a Vortech Blower. Total cost was about 4500 and there's not a car around that touches him. If that's too much, your cobra will respond very well to bolt ons. Try these:

4.10 gears at the least. $450
Longtube headers and offroad Hpipe $600-1000
Some kind of catback, maybe Dynomax $300
Underdrive Pulleys $200
C&L Meter $300
Sticky tires $300

With those mods, at about $2500 (including install prices) you could be in the high 12's!

Good luck