1994 Ford Mustang SVT Cobra Convertible 5-Speed

Description

Richard McAdam, known as “Doc” to his friends and family, epitomizes "work hard, play hard." Born and raised in rural Appalachia, Doc went on to become a renowned neurosurgeon in Virginia. Patients could regularly find Doc pulling into the hospital parking lot in one of his beloved Cobras or high-performance Mustangs. These cars were driven and enjoyed by Doc through the years, taking his family on back road joyrides on sunny day commutes. Hagerty Marketplace is honored to present the Doc McAdam Collection, offered entirely without reserve.

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OFFERED WITHOUT RESERVE

In 1994, the Mustang’s 30th anniversary was celebrated with the new SN95, a bold design featuring both modern lines and elements of the original '60s Mustang. Better yet, an all-new high-performance Cobra debuted, in Coupe and — for the first time ever — Convertible body styles.

As the Cobra Convertible was chosen to pace the 1994 Indianapolis 500, all were called “Indy 500 Pace Car Replicas” and included Rio Red paint, a rear deck lid badge, serialized dash plaque, and optional dealer-installed Official Indy 500 Pace Car door graphics. Combined with 17” rims wearing performance tires, the new Cobra was simply stunning.

Its 5.0L V8 stunned as well: This deep-breathing engine carried over nearly unchanged from the ’93 Cobra, and produced 240 horsepower and 285 pound-feet of torque. Backed by a five-speed manual transmission and a limited-slip differential, the Cobra could bite: Car and Driver ran it to 60 mph in 5.9 seconds and turned the quarter-mile in 14.7 at 96 mph, reporting that the Cobra’s “improved breathing at high revs in the taller gears helped shave more than seven seconds off the GT’s 0-to-130 performance.” And with only 1,000 Pace Car Convertibles built, this was a rare performance machine to boot.

This '94 SVT Cobra Convertible was sold new at Center Ford in Newport News, Virginia, equipped with the Preferred Equipment Package. It now shows just under 79,200 miles

This 1994 Ford Mustang SVT Cobra Convertible is now represented at no reserve by a Broad Arrow Specialist with original purchase paperwork, an SVT Certificate of Authenticity, a window sticker, maintenance records, a convertible top boot, a clean CARFAX Vehicle History Report, and a clean Virginia title in the current owner's name.

Highlights

• Offered from the Doc McAdam Collection

• Rare 1994 SVT Cobra Convertible number 882 of 1,000

• Refinished in (E8) Rio Red with Saddle leather upholstery

• Original power-operated Saddle soft top

• Power steering, windows, locks, and mirrors

• 17” 5-spoke aluminum wheels now wearing BFGoodrich tires

• 5.0-liter V8 factory rated when new at 240 hp and 285 lb-ft of torque

• 5-speed T-5 manual transmission

• Traction-Lok limited-slip differential

• 13.0” front, 11.4” rear disc brakes with ABS and Cobra-branded front calipers

• Clean CARFAX Vehicle History Report

Factory Equipment

• The chassis number (1FALP45DXRF158647) decodes as:

  • 1FA – Ford USA Passenger Car

  • L – Active safety belts all positions, second generation air bags

  • P45 – Two-door convertible

  • D – 5.0L, Cobra, eight cylinder

  • X – Check Digit

  • R ­– 1994

  • F – Dearborn, Michigan, assembly plant

  • 158647 – Sequential build number starting at 100001 

• Indy 500 Pace Car Replica Package includes:

  • Rear decklid badge

  • Serialized dash plaque

  • Official Indy 500 Pace Car graphics decals

  • Finished in E8 Rio Red Tint Clearcoat paint

  • Saddle Indy leather interior with Indy logo on headrests

  • Saddle Convertible top 

• Preferred Equipment Package includes:

  • Illuminated entry

  • Remote keyless entry

  • Speed control

  • Air conditioning

  • Rear window defroster

  • Front floor mats

  • Mach 460 AM/FM/Cassette with CD player

Servicing & Documentation

• A/C compressor, serpentine belt, and battery replaced

• Original purchase paperwork and window sticker

• SVT Certificate of Authenticity

• Maintenance records

• Clean CARFAX history report

Known Imperfections

• Wheels scuffed, and edge of passenger side rear wheel damaged

• Black exterior trim shows wear

• Convertible top stitches by window are loose

• Front seats show creases

• Steering wheel and shift knob worn

Ownership History

The included clean CARFAX Vehicle History Report shows Virginia registration history dating to new, including a registration gap from 2010 to 2025.

Included Items

• 2 key fobs

• Owner’s manual

• Window sticker and purchase paperwork

• Maintenance records

• Cobra embossed floor mats and Cobra badge

• Cobra windshield banner

• Convertible top boot with bag

• SVT Certificate of Authenticity

Additional Information

A Broad Arrow Specialist is working as an agent on behalf of the seller of this listing. As such, the purchase transaction will be facilitated by Broad Arrow, including vehicle payment, applicable taxes required to be collected by the seller or Broad Arrow, and title/ownership reassignment. Broad Arrow is a wholly-owned subsidiary of Hagerty.

Contact: Donnie Gould Phone: 954.647.0779 Email: dgould@hagerty.com