Used 1998 Ford Mustang SVT Cobra Coupe

1998 Ford Mustang SVT Cobra
List price range
1998 Ford Mustang SVT Cobra


  • Looks great, handles well, very comfortable for a sports car.


  • Still gets its butt whipped by the 5.7-liter Camaro and Firebird twins.

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Edmunds' Expert Review

vehicle overview

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

Most helpful consumer reviews

What A Snake!
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 shot NOS, DVD, Subs, upgraded stereo, race seats, no rear seats, Lambo doors, carbon fiber hood (same cobra style) interior done with real cobra snakeskin accents carbon fiber, polished billet, etc, etc, too much more to list. Bottom line never really had any problems with it, other than normal.
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 good, cupholder position isnt, cd player likes to skip on bumpy roads.
my yellow cobra
great car. Easy to upgrade!! All around best bang for the buck!!
Bang for your Buck
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 best car you can buy for the money from a performance and styling standpoint. If you can afford to, buy the new 2003 Cobra. More horsepower, and much better handling and ride!!
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Features & Specs

16 city / 24 hwy
Seats 0
5-speed manual
305 hp @ 5800 rpm
See all Used 1998 Ford Mustang SVT Cobra Coupe features & specs


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

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.

What's a good price on a Used 1998 Ford Mustang SVT Cobra Coupe?

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Simply research the type of used car you're interested in and then select a prew-owned vehicle from our massive database to find cheap used cars for sale near you. Once you have identified a used or CPO vehicle you're interested in, check the Carfax and Autocheck vehicle history reports, read dealer reviews, and find out what other owners paid for the Used 1998 Ford Mustang SVT Cobra Coupe.

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Can't find a used 1998 Ford Mustang SVT Cobra Mustang SVT Cobra Coupe you want in your area? Consider a broader search.

Find a used Ford Mustang SVT Cobra for sale - 3 great deals out of 13 listings starting at $14,325.

Find a used Ford for sale - 8 great deals out of 8 listings starting at $8,825.

Find a used certified pre-owned Ford Mustang SVT Cobra for sale - 11 great deals out of 20 listings starting at $14,057.

Find a used certified pre-owned Ford for sale - 10 great deals out of 14 listings starting at $18,230.

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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.

Check out Ford lease specials
Check out Ford Mustang SVT Cobra lease specials