The Ford Mustang has been around for 34 years. After receiving a dramatic redesign in 1994, and the 4.6-liter modular V8 in 1996, the Mustang design team has been quietly preparing for a freshening in 1999. The SVT (Special Vehicle Team) has been pretty busy as well; the Cobra received a hand-built, four-cam, 305-horsepower just two years ago, and as such stands pat this year.

We think that it's a good idea for Ford to take a year off from messing with things on its little hot rod. With all of the other changes taking place with the rest of its models, some of which haven't been well received, it seems like a good idea to follow the "if it ain't broke, don't fix it" rule. However, we would like to see traction control made available on the Cobra. Sure, it has Ford's "Traction-Lok" limited-slip axle, but it is still pretty darn easy to get the back end of the car pointed in the wrong direction. We think that a traction control system would make this car much friendlier in inclement weather conditions.

Speaking of friendly, we love the Mustang's interior, and think that it is the main reason that the 'Stang sells more models than Camaro and Firebird combined. The seats sit fairly high, giving drivers an outstanding view of the road; the dashboard has a nice two-toned, double bubble layout that is nicely textured; the gauges and controls are easy to view and manipulate; and the front bucket seats offer great lateral support. We won't dwell too much on the backseat, because no one in their right mind buys a sports car for rear-seat accommodations.

As you have undoubtedly read, the Mustang Cobra is a very driver-friendly car, plenty of power yet very easy to navigate around town and with a pretty forgiving ride on the freeways. We like its lively tail, but it can be disconcerting when traveling on twisty two-laners. If you are looking for a car to go canyon storming in, you may be more satisfied in a Chevy Camaro Z28. In the final analysis, though, the Cobra has the goods that most enthusiasts want -- a muscular V8 with a great exhaust note, a nice interior, supportive seats, aggressive styling and entertaining performance at a competitive price. It has long been Ford's recipe for success to provide cars that appeal to a wide range of people, and anyone looking for a fast, fun daily driver should take a look at the Cobra.

1998 Highlights

The Cobra sees virtually no changes as a heavily revamped version is due next year.

Consumer reviews

Read what other owners think about the 1998 Ford Mustang SVT Cobra.

Overall Consumer Rating

4.718 reviews

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5(67%)

4(33%)

3(0%)

2(0%)

1(0%)

Most helpful consumer reviews

What A Snake!

lvnnfstln,10/05/2008

Have had his car since new. Mods started within 200 miles, springs, caster camber plates, flowmasters, etc. I've done everything to this car over the years and drive it a bit aggressively (3 speeding tickets). It was purchased to use as weekend driver/car show duty. Everything is chromed, polished, powder coated, painted/waxed and very clean. Old p600 procharger (with inner cooler), 75

Arrest Me Yellow

8 Ball,10/03/2004

Have had this car for 1 year and 7 months. Car has been very reliable zero mechanical problems Tremic T-45 trans does like to rake at high rpms could use a better gear 3.73 or higher engine is silky smooth with very high rpm band was previous owner of LS-1 trans am. Trans am would eat it for lunch!!! Car is somewhat rattly could use better build quality.Handling is

my yellow cobra

stangmaster98,11/28/2004

great car. Easy to upgrade!! All around best bang for the buck!!

Bang for your Buck

Cobra,09/24/2002

First of all, if you plan on buying a GT, but decide to test drive a Cobra, you'll be leaving the dealership with the Cobra. My car has had no major problems, has always been reliable (although I wouldn't recommend using it in the snow), and has always turned heads on the road. It's not the best handling thing on the road, but for what you pay for it's definitely the

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Features & Specs

MPG

16 city / 24 hwy

Seats 0

5-speed manual

Gas

305 hp @ 5800 rpm

See all Used 1998 Ford Mustang SVT Cobra Coupe features & specs

Safety

NHTSA Overall Rating

The National Highway Transportation Safety Administration offers independent analysis.

Frontal Barrier Crash Rating
OverallNot Rated
Driver5 / 5
Passenger4 / 5
Side Crash Rating
OverallNot Rated
Side Barrier Rating
OverallNot Rated
Driver3 / 5
Passenger3 / 5
Combined Side Barrier & Pole Ratings
Front SeatNot Rated
Back SeatNot Rated
Rollover
RolloverNot Rated
Dynamic Test ResultNo Tip
Risk Of RolloverNot Rated

IIHS Rating

The Insurance Institute of Highway Safety uses extensive crash tests to determine car safety.

Side Impact Test
Not Tested
Roof Strength Test
Not Tested
Rear Crash Protection / Head Restraint
Not Tested
IIHS Small Overlap Front Test
Not Tested
Moderate Overlap Front Test
0

More about the 1998 Ford Mustang SVT Cobra

Used 1998 Ford Mustang SVT Cobra Coupe Overview

The Used 1998 Ford Mustang SVT Cobra Coupe is offered in the following styles: 2dr Coupe.

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Should I lease or buy a 1998 Ford Mustang SVT Cobra?

Is it better to lease or buy a car? Ask most people and they'll probably tell you that car buying is the way to go. And from a financial perspective, it's true, provided you're willing to make higher monthly payments, pay off the loan in full and keep the car for a few years. Leasing, on the other hand, can be a less expensive option on a month-to-month basis. It's also good if you're someone who likes to drive a new car every three years or so.

Used 1998 Ford Mustang SVT Cobra Coupe

Used