Equipment
4.6-liter supercharged V8 engine, rated at 379 horsepower and 380 lb-ft of torque according to Roush Performance. Power-operated soft top, air conditioning, AM/FM head unit with 6 disc in-dash CD changer, power windows and door locks, cruise control
Condition
#3 Good
Runs and drives well. Flaws not noticeable to passersby. Most common condition.
Said to be one of 33 Roush 380Rs built for 2004. Finished in an attractive Crimson Red with Briar Brown stripes and showed 35,500 miles on the odometer. The whole car is pretty clean overall, with some wear on the steering wheel and on the Roush-branded driver’s seat, plus some grime in the engine bay. The listing also noted a crack on the windshield, some minor chips in the paint, and discoloration to the door cards.
Market commentary
An ’04 Mustang GT in commensurate condition will set you back about ten grand, but someone shopping Roush cars likely isn’t interested in a factory-schmactory GT. More comparable would be something like the supercharged Saleen S281 SC, which are a bit more common than a 380R and offer similar performance. They tend to fetch prices in the low $15,000–$25,000 range when they hit the market. SVT Cobras also offer a good comparison. With 10 more ponies from their more advanced engines and the benefit of IRS, they stand out among SN95 Mustangs. But Ford also built 19,000 of them, so they aren’t exactly rare. In good condition, expect to pay about $24,000. Finally, there’s the grand poobah of this Mustang vintage—the Cobra R. Ford only made 300, and only in 2000, and they cranked out 385 hp and that much torque from their 5.4-liter V-8s, with a top speed of 175 mph. These days when they change hands, the best ones can bring $150,000, while those in #3 condition are close to $50,000. All of which is to say that in the realm of souped-up, hi-po fourth-gen Mustangs, buyers are spoiled for choice. And for the most part, so much of that choice lives in the $20,000 range. That’s pretty hard to beat. From a dollar-per-horsepower standpoint, whoever bought this Roush 380R got themselves into a stellar summertime ride. That it also happens to be one of the flattest-cornering street Mustangs they’ll ever have the pleasure of flogging is just gravy.