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Old 04-17-2009, 11:14 AM   #1 (permalink)
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Default 96 mystic cobra. Whats it worth?

I'm looking at a 96 mystic Cobra for my son. It has 71,000 miles ..all stock... excellent condition. The guy wants 10K for it.
I looked at edmunds and they say
trade in is $3,340
private party is $4,433
dealer retail $6,273
Is there someplace you can buy them for that?
What do you think they're worth?
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Old 04-17-2009, 11:22 AM   #2 (permalink)
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I am sure others will disagree but I look at a 96 Cobra and say "so what?".

It's 13 years old. It has no better performance than a newer GT. The paint will be a nightmare if you need to touch it up. It's a body style that some like and others don't, me included.

Lot's of negatives. What I am leading up to say is $10k seems awfully high for the car. I can see $5k-$7K
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Old 04-17-2009, 11:33 AM   #3 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

It's worth $4443.

If the guy wants 10 grand, you should just walk away. He really doesn't want to sell it.

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Old 04-17-2009, 12:29 PM   #4 (permalink)
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$10K? He's playing for the people who like the rarity of a mystic. For that amount of money you could buy a lot more car. But, since it's a gift, I guess a lot comes down to your son's taste on it and if it be worth it to him.
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Old 04-17-2009, 12:36 PM   #5 (permalink)
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Default 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!
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Old 04-17-2009, 02:40 PM   #6 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

Quote:
Originally Posted by amorrow02
71K is relatively high mileage for a '96 Mystic,
so a little more than 5k miles/yr is high mileage?
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Old 04-17-2009, 02:54 PM   #7 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

Quote:
Originally Posted by 64D_Code
Quote:
Originally Posted by amorrow02
71K is relatively high mileage for a '96 Mystic,
so a little more than 5k miles/yr is high mileage?
I think he means that a lot of these Mystic Cobras were purchased new to be a weekend driver and not subjected to daily driver use. I'm not sure if that is the case but it is possible.

You used to see them quite often in the late '90s. Not so much anymore. I remember that the shop I worked at fixed Brent Jones' (ex-49er tight end) Mystic when they first came out and getting the paint was a pain.
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Old 04-17-2009, 03:25 PM   #8 (permalink)
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i remember hearing (from a ford dealer) that if paint damage was needed - the BASF rep would fly out and estimate materials for the shop to use and give that much only.


id love to have a DD that i only put on 5k miles per year - hell - i think i do that on my 64 1/2 just pushing it in and out of the garage
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Old 04-17-2009, 05:27 PM   #9 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

Quote:
Originally Posted by 69grandecj
Quote:
Originally Posted by 64D_Code
Quote:
Originally Posted by amorrow02
71K is relatively high mileage for a '96 Mystic,
so a little more than 5k miles/yr is high mileage?
I think he means that a lot of these Mystic Cobras were purchased new to be a weekend driver and not subjected to daily driver use.
Bingo. That's why I said "relatively high mileage".
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Old 04-17-2009, 06:18 PM   #10 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

as far as I'm concerned 71,000 while low mileage takes the car out of that collector/investor market and puts it into the neat older car driver market. Still all I'm seeing is people who think they got a collectable and want collector prices.
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Old 04-17-2009, 07:14 PM   #11 (permalink)
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That is true, at least for now since there's plenty of low-mileage '96 Mystic Cobras out there.

But despite what the books say, and despite what other models actually sell for relative to their book values, it'll be difficult to find a "nice" '96 Mystic for even the stated retail [which I know tend to be high on more typical models] price of $6273. But if you don't mind paying close to $10K, take some time to find a better deal on a lower-mileage [and likely nicer] Cobra, as they're out there in that price range.
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Old 04-17-2009, 11:00 PM   #12 (permalink)
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Default 96 mystic cobra. Whats it worth?

As a previous owner of a Mystic, that price is high for a 71K mile car. Depending on the condition, I would ballpark $6500-$8K.

No matter how clean, the seats, unless they have been redone, are probably all cracked. The interiors in the '96 were terrible.

As far as performance, yes the horsepower is about the same as the newer GT's, but newer GT's still won't run to 7000-7200 rpm that a 4V heads will.
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Old 04-17-2009, 11:08 PM   #13 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

With only 2000 ever made, they will definitely bring a premium over the KBB values. Check the comps at corral.net.

http://forums.corral.net/forums/forumdisplay.php?f=326

http://www.1996mysticcobra.com/
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Old 04-17-2009, 11:39 PM   #14 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

Quote:
Originally Posted by RedGTvert
As far as performance, yes the horsepower is about the same as the newer GT's, but newer GT's still won't run to 7000-7200 rpm that a 4V heads will.
I couldn't agree more. Even though the '96-8s lack the low-end torque of the newer 3-valve engines, they scream from 3K-7K rpm. And if you really want to wake up a n/a 4-valve, throw in a 4.30 gear. New GTs and older Cobras may post similar times at the strip, but imo '96-8 Cobras are MUCH more exciting to drive than new GTs. Driving comfortably for an extended period of time is a different story...but when you're young, who cares?
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Old 04-18-2009, 11:11 PM   #15 (permalink)
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Default Re: 96 mystic cobra. Whats it worth?

Quote:
Originally Posted by monkeystash
With only 2000 ever made, they will definitely bring a premium over the KBB values. Check the comps at corral.net.
While it is true, there were actually 1999 made, that was still 26% of the total coupe production for 1996.

They bring a premium to someone who really wants a Mystic, but you would be surprised how many people just do not like them.

Bottom line, a 71K mile Mystic Cobra is not worth $10K.
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