Two-Owner 1999 Ford Mustang Cobra Convertible Five-Speed

Description

The fourth-generation Mustang, which was introduced in 1994, received its usual mid-life styling update in 1999. Its “edge design” bodywork was aggressive; however, the most muscular look was reserved for the new SVT Cobra. A unique front fascia with round driving lights, a Cobra R-like hood, three-inch polished exhaust tips, and forged, 17-inch wheels differentiated the snake from common Mustangs.  

The big news was an independent rear suspension, which reduced unsprung weight by 125 pounds and gave the Cobra highly refined road-handling prowess. Combined with the MacPherson strut/control arm front suspension and massive Brembo disc brakes, the Cobra was hard to keep up with in the twisties.  

Under the Cobra’s hood sat an all-new V8 known as the “Romeo Engine.” Carefully hand-built by just two trusted technicians at the engine plant in Romeo, Michigan, this 4.6-liter DOHC powerplant utilized an all-aluminum, deep-skirt block for rigidity and light weight. And its new tumble-port cylinder-head design resulted in big airflow, helping this V8 make 320 horsepower and blasting the Cobra to 60 mph in 5.4 seconds.  

This two-owner 1999 Ford Mustang Cobra Convertible wears eye-catching red paint, and has been meticulously maintained and garaged, ready for its next owner.  

Highlights 

• Two-owner 1999 Cobra convertible with the first-year IRS 

• 4.6-liter DOHC 32-valve V8 rated at 320 hp and 317 lb-ft of torque 

• Five-speed manual transmission 

• Finished in (E8) Rio Red with a Dark Charcoal leather interior 

• Independent rear suspension 

• Clean CARFAX History Report 

Features 

• 17x8-inch forged aluminum wheels wearing 245/45ZR17 General tires 

• 13-inch Brembo front, 11.65-inch rear anti-lock vented disc brakes 

• Black power top and reinforced frame rails 

• Air conditioning

• Anti-theft system

• Mach 460 sound system w/CD player

• Rear spoiler 

• 160-mph speedometer, 8,000-rpm tachometer, oil pressure, coolant temp, voltage, and fuel level gauges 

Known Imperfections 

• Sun visors show light sun fading 

• Several tiny chips original windshield

• One tiny paint chip low left corner hood

Included 

• Keys 

• Two factory Cobra jackets (Canadian made by Roots) that came with car (both large)

• Factory tonneau cover

• Small-hitch bicycle carrier if desired

• Two coffee-table quality books on Cobra racing history and Mustang history including Cobras if desired

Ownership History 

The accompanying CARFAX Vehicle History Report places this two-owner 1999 Ford Mustang Cobra in Washington, Arizona, and back to Washington. 

The consignor states, “Our Mustang Cobra SVT convertible was purchased from the original owner, a personal friend, at 46,000 miles in 2004. He purchased it new in 1999 at Korum Ford, Puyallup, WA. We can attest that the car always has been garaged and well maintained (always fed Mobil 1 5-30 synthetic oil), and was never raced nor in any accident. We replaced the power steering pump in 2009 at 53,000 miles. During the last routine service, a pre-sale inspection was performed and the rear brakes were replaced. Front brakes are at 90%. The latest battery was installed in March 2024, and tires were installed in March 2019 at 66,000 miles.”