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Discussion Starter #1
Hey all,

I just picked up a 1994 Mustang Cobra SVT (VIN #: 1FALP42D2RF218585). I know absolutely nothing about Mustangs and thus I have no idea what I'm about to get myself into.
This car has a few issues, let's first start at it's past. It has a branded title because the guy I had bought it off of had purchased it from a privately ran used car dealership. He had purchased it at "148k miles". Turns out this dealership months later was involved in a big odometer roll back scandal (look up Albany car dealership roll back scandal, happened around 2016). And this car was victim to the rollback. Piecing together old maintenance records, and trying to do as much deductive detective work I can this car right now realistically has around 195-200k miles.

Second, it has a few running issues. At start up it will surge (I think I've figured out at this point it's something in the idle control for start up, maybe the little idle start up blade is stuck open). The biggest concern is it has a bit of valve chatter which is most noticeable between 1000-2000 rpms.

Third it has worn out suspension. The shocks I believe are the original factory and are definitely blown, and the bushings have a toooon of play in them.

I wanted to dispel any myths too I've been told about this car. Previous owner claims the oem crank shaft will handle up to '1000 horsepower', the connecting rods are forged, and the only weak point on these cars when looking for power is the Pistons.

I paid only $2k for it. Previous owner put brand new Cooper tires on it so it's like I only paid $1500 for it or so. The car engine wise seems like a stock 5.0 cobra outside of a header, h-pipe, and aftermarket lightweight engine pulleys. I literally don't know what direction to go with this car. One second I'm thinking build a 12ish sec drag car and the next second I'm thinking building something for CAM class racing or American Iron racing. Then I just want to fix it up and keep it as is and try and flip it for a profit or something along those lines.

Anyways any advice would be great or any bits of information on these cars is much appreciated. Thanks for taking the time to read.
 

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Welcome aboard.

It sounds like you have decisions to make. Personally, I don't believe there will be much in the way of profit margin if you fix and flip it. That car, with it's history, or lack there of, will only bring a certain dollar in "nice" condition. What is that dollar? What someone will pay. You may get $6k for it or pour a bunch in and only get $3500. I would fix it, drive it and have fun with it. Unless you have another fun street car you can do OK with the Cobra as a tire burner around town. If you want to build any sort of race car out of it then you have many other decisions to make. What kind of racing? How much power? Suspension? Brakes? Drivetrain? It get's expensive quick.
 

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Welcome to the forum. It sounds like you got a car that can be fixed up with aftermarket parts that will make it a fun car and a good performer.Roger
 

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Discussion Starter #4
I'm thinking replacing my 2016 Miata for track day bro stuff with this car. I've already blown 3 transmissions on the Miata because Mazda can't get their #### together. When I was approached about for this car I was in the market for a 370Z Nismo/S2000/C5 Corvette for a track car but this offer was too good to pass up.
 
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