I have owned this car for roughly 2 years now, and I have to admit that is is the biggest POS I have ever owned. Let's list the problems that I have had in 2 years of ownership: Broken piston in conv top, leaking top, engine had to be replaced at 22,000 miles, car spits coolant like it's Old Faithful, fog lights shorted out, piston rings went on new engine after 12k miles, rear knuckle had to be replaced, CD player does not work... The list goes on. Don't get me wrong, the car is a blast to drive, but I think the service manager at the dealer drove the car more than I did.
Great car. Fun to drive. Completely original except for tires which have been replaced 3 times. I had a 86 GT and the clutch went in 20k miles, I replaced with an after market and the car ran for another 100k without a problem. Had the same thing happen with this car and am still riding nicely with the replacement. Ford needs to work on that.
I purchased a 1999 Cobra and I have had nothing but problems with it. Now cars can have problems, but neither the Dealer nor the manufacturer are willing to deal with the car. It's headed for arbitration with a total of 12 problems including: powerstearing failure (while driving) Brake failure (while driving) mulitple interior things breaking A/C fails the first time it is used Recalled 3 times. And that is just the beginning....
I recently purchased this Cobra after 5 months of researching for the combination I wanted. (Low mileage, minimal owners, flawless service history, all stock, convertible) I found this car with 13,500 all original miles on it. It was garaged for the majority of its life, driven only occasionally, left completely stock, used with only full synthetic fluids, and well taken care of. When I first test drove the car I was floored by it's power and had to reteach myself to drive the manual transmission to be able to handle it all! I bought this car and modified it for better performance (not that it needed it) Very dependable, lots of power, great handling
This has been the most fun car I've ever owned. Despite being 6 years old, I've not had any problems with it, and am impressed with the quality. Fuel economy is good for a 'muscle' car/sports car. It hits 60 in 5.4 sec. and has a top speed of 150. It is at the top of the heap of upscale sports cars, outperforming the BMW Z4, Honda S2000, Nissan 350Z and Porsche Boxster to name a few. As a somewhat rare model, it is very underrated.