Join Date: Apr 2005
Location: St. Charles, IL
96 mystic cobra. Whats it worth?
$10K is a bit high, although $6K is marginally low in comparison to what I've seen them sell for recently. It really depends on condition. 71K is relatively high mileage for a '96 Mystic, and I think he could find the same car with lower mileage and in great shape for around $10K. I believe I even saw one with under 3K miles for sale recently for $15K.
But FWIW, the book values are almost irrelevant for some of these cars. I had a serious $20K offer less than one year ago for my '98. But it's Chrome Yellow (rarer than Mystic), has some tasteful modifications, and 11K miles on it.
Your son is looking at the right cars, though...'96-8 Cobras are one of the best late-model Mustang buys (and best looking with their front fascia and nostril hood), imo. I'm never letting my '98 go!
'65 GT350 Clone
'70 SportsRoof - roadracer STILL in-progress
'98 SVT Cobra