1994 Ford Mustang Cobra Pace Car Convertible

-5.0L V8
-5 Speed Manual Transmission
-9k Miles
-Indianapolis 500 Pace Car
-Red Over Tan Interior

(Please note: If you happen to be viewing this 1994 Ford Mustang Cobra Convertible Pace Car on a site other than GarageKeptMotors.com, it's possible that you've only seen some of our many photographs of this vehicle due to third-party website limitations. To be sure you access all the more than 155 high-definition photographs, including a short startup-and-walk-around video, and a link to its accident-and-damage-free, very low-mileage CarFax, please go to our main website: GarageKeptMotors.)

“Adding 25 horses puts this snake in striking distance of its soft-top nemesis at Chevrolet.”

Ford manufactured just 1,000 '94 Ford Mustang Cobra Convertibles. This special edition wore handsome Indianapolis 500 graphics celebrating the car's appearance at the 78th running of the classic American race on May 29th the same year. At the time it was only Mustang's third time as the pace car. Any time a special-edition car makes an appearance, skeptics charge it's really just using graphics to sell cars. They say the graphics may be special, but not the cars. In the case of this Mustang Cobra, they'd be dead wrong.

All 1,000 of these Cobras were awash in added features, technology, power, and handling enhancements. Hemmings details just some of these upgrades:

Engine: “The 1994 Cobra's V-8 engine should be familiar, with its 4.00 x 3.00-inch bore and stroke dimensions making 302 cubic inches. In Cobra guise, however, the 9.0:1 compression unit was a modern EFI runner capable of 240 hp and 285 lb-ft of torque, thanks to a unique upper and lower manifold induction system....Ultimately, the re-tuned Cobra 5.0 could launch the Fox-4 platform to 60 mph in less than 6 seconds.”

Chassis: “Chassis stiffness was paramount for the SVT crew. This was addressed on convertibles by revising the front crossmember and adding a front underbody X-brace... in conjunction with updates that included enlarged rocker panel box sections, and other stress-bearing sections, with thicker 2.3-mm steel.”

Interior: “Cobra Pace Car interiors were dressed in Saddle leather upholstery to match the top, while a limited number of Cobra-specific items further distinguished the breed from lesser models, such as white gauge faces and a 160-mph speedometer.”

Clearly, these Cobra pace cars were special, perfectly exemplified by the lovingly well-maintained, very low-mileage example offered here. Showing just under 10,000 miles—fewer than 400 miles per-year on average—“like new” is no exaggeration. The car has been treated and maintained to retain its value as a performance collectible.

The brilliant red exterior paint—common to all 1,000 pace cars—retains its factory gloss across every body panel. The tan fabric convertible top is without flaw. All glass, lighting lenses, chrome trim—including 5-spoke wheel surfaces—show beautifully. The side graphics feature a subdued Indianapolis 500 logo in black and tasteful white and black lettering, all properly applied. A simple white Indianapolis Motor Speedway logo appears on the rear deck.

Inside, the special-edition touches continue. The white-faced instruments, the Indianapolis Motor Speedway logo in the front headrests, the 5-speed manual shifter on the console, the tan-leather upholstered, well-bolstered sport seats, the tan-and-black door trim, the Cobra-branded steering wheel, the 160-mph speedometer all let occupants know they're inside a rare Mustang. As to condition, literally every interior surface is as-new.


Under the hood, the 5-liter Cobra-branded V8 commands the view. The engine bay includes all components, properly mounted, and the condition is spotless. This continues to the car's undercarriage. It couldn't have appeared much nicer the day it rolled off the assembly line.

The exceptional condition of this '94 Mustang Cobra Pace Car Convertible is faithfully presented from every angle (including from below) in the more than 155 high-definition photographs and the short walk-around-and-startup video available at the GarageKeptMotors site. That said, we always encourage in-person, up-close inspections by interested parties—or their representatives—at our Grand Rapids, Michigan showroom. We ask only that advance appointments be made by phone or email so that we can devote our full attention to our visitors and this very special automobile. Our showroom is not open to the public.

The iconic Mustang brand has seen many noteworthy iterations since its 1964 launch. That's why Mustang clubs and gatherings abound, and why Mustang loyalists are so passionate. It's also why a Mustang like this Cobra pace car will always attract admirers... and plenty of compliments.