Ok guys, I need some advice on a Cobra

NewFoundPower · 09-05-2004, 07:26 PM

Alright here we go, I am looking at a used 2003 cobra at a local dealership. It already has aftermarket parts installed (CAI, exhaust, shifter) but when I was talking to the salesman he said something sort of interesting. He told me the previous owner had installed a chip somehow ended up in "burning up the whole engine". Apparently the Ford dealership had to install a new motor but the salesman told me that since it is a new engine, the warranty on the engine has been voided. Sooooo, you get warrantly on the whole car EXCEPT the engine. Does this sound fishy to anybody else? Wouldn't a dealership have a warrantly on a new engine? I also noticed that the traction control and window defroster didin't work either, along with the drivers power seat. The car has 15,000 and they are asking $26,500. What do you guys think. I just kinda have a bad feeling about it. Any input would be appreciated.

LG2004Redfire · 09-05-2004, 11:42 PM

You can still buy an 94 for about $29,5-$31k. I would go with a new one.....

LG2004Redfire · 09-05-2004, 11:44 PM

sorry i meant 04

SlowSVT · 09-06-2004, 12:08 AM

LG200 is right. Why pay $26.5K for a used one with 15,000 miles on the clock when you can probably get a new one for 3-4K more. Or tell the dealer you'll give him $22K. Personally I would be a little concerned that the previous owner blew the engine.

**cobrabitn** · 09-06-2004, 12:21 AM

NewFoundPower,

Go get an 04 Cobra with a full warranty and a new engine. I don't buy preowned cars that have been modified because you never know what went into the car. Others may do it, but I always look for stock cars that have never been modified. Right now, you can get a great price on an 04 Cobra. if you like, I can help you get one in NC since I live right here in the Charlotte, NC suburbs.

Thanks,

Tony

NewFoundPower · 09-06-2004, 11:58 AM

Thanks for the replies guys. I was thinking that it might be a better idea to just go ahead and get an 04 and after listening to you guys I think that is what I am gonna try to do.

Cobrabitn, what kind of incentives is Ford offering right now on the 04s? The Cobra I was looking at was at Capital Ford in Raleigh and they had a few 04s on the lot but I have not had the best experiences with that dealership. Any suggestions?

Once again, thanks alot guys. Spending upwards of $25,000 makes me nervous and I don't want to screw myself and the more I think about it, the more sense buying a new cobra makes.

NewFoundPower · 09-06-2004, 01:35 PM

Ok, I have been doing some research online and here is what I have found. The 04s are going anywhere between 32K and 36K. I did see that Ford is offering really good APRs on the new cars as well. The highest being 2.9 for 72 months and even though it isn't a huge help, I also qualify for the college grad discount ($400) as well (every little bit helps). It is seeming more and more like this is the way to go. I just talked to a dealer in Winston Salem and they have the exact one that I want (black) so we'll just see what happens. I'll keep my fingers crossed.

RF Cobra · 09-06-2004, 04:14 PM

Quote:

Originally Posted by NewFoundPower

Ok, I have been doing some research online and here is what I have found. The 04s are going anywhere between 32K and 36K. I did see that Ford is offering really good APRs on the new cars as well. The highest being 2.9 for 72 months and even though it isn't a huge help, I also qualify for the college grad discount ($400) as well (every little bit helps). It is seeming more and more like this is the way to go. I just talked to a dealer in Winston Salem and they have the exact one that I want (black) so we'll just see what happens. I'll keep my fingers crossed.

Which dealership? There is an SCMC member that works at Parkway Ford (Don't know him personally, but he might be able to help you).

NewFoundPower · 09-06-2004, 04:17 PM

I talked to Regal Ford in Winston Salem and Capital Ford in Raleigh. Regal is offering the best deal so far but it would be cool if the SCMC member could give me some help. Thanks alot.

-D-

**cobrabitn** · 09-06-2004, 05:45 PM

New Found Power,

Go to Parkway Ford and ask for David Phillips. Just tell him I sent you and he will get you the best deal. They have a new Redfire 03 Convertible they are selling for $32,880.00, so I would guess you could get a coupe for 3 grand less.

If you have a problem just call me and I'll chat with David for you. My number is 803-371-0725 or call David Phillips toll free at Parkway at 1-800-467-2469.

HTH

Tony

NewFoundPower · 09-06-2004, 06:50 PM

Thnx Tony, I'll give him a call and see what he can do. I can't wait to join the rank of 04 owners.

NewFoundPower · 09-06-2004, 07:04 PM

I called but couldn't find a David Phillips. Does he still work there? I couldn't even talk to a human (the automated system was horrible) so what next?

Sniperfox · 09-06-2004, 07:15 PM

I recently bought a 2003 Cobra convertible from Tri-City Ford in Eden NC for $33,800.00 that was new and unsold with 76 miles on it. There are still some 2003's out there that can be scooped up at a bargain. Check with David Watkins and see if he can get you a deal.

SlowSVT · 09-06-2004, 07:40 PM

I paid $33.8K for mine. I told them I could put $5K down on it. The salesman walked away then came back with the finance guy and said if I put $6K down they would give me 0.9% financing for 60 months. I jumped all over that one. Then I tried to chew them down a little more on the price and they almost through me out the door. OK OK!!!!..........Hay, I had to try

Russ

Sniperfox · 09-06-2004, 08:34 PM

Any dealer still holding an 03 anything will do anything to sell it.

09-05-2004, 07:26 PM	#1
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	Ok guys, I need some advice on a Cobra Alright here we go, I am looking at a used 2003 cobra at a local dealership. It already has aftermarket parts installed (CAI, exhaust, shifter) but when I was talking to the salesman he said something sort of interesting. He told me the previous owner had installed a chip somehow ended up in "burning up the whole engine". Apparently the Ford dealership had to install a new motor but the salesman told me that since it is a new engine, the warranty on the engine has been voided. Sooooo, you get warrantly on the whole car EXCEPT the engine. Does this sound fishy to anybody else? Wouldn't a dealership have a warrantly on a new engine? I also noticed that the traction control and window defroster didin't work either, along with the drivers power seat. The car has 15,000 and they are asking $26,500. What do you guys think. I just kinda have a bad feeling about it. Any input would be appreciated.

09-05-2004, 11:42 PM	#2
LG2004Redfire Registered User Join Date: Aug 2004 Location: Exton, Pa. Posts: 11	You can still buy an 94 for about $29,5-$31k. I would go with a new one..... __________________ 2OO4 SVT Redfire Cobra Coupe # 1623 of 3768 Build Date: 1/22/04 Mods RR 2.8 non slip Billet flow pulleys Gords HE w/fans MM Subframes Strange Shocks Tri-ax Shifter UPR Cold Air Flowmaster American Thunder All Mods & Tuned by: Rick of Amazon Racing Whipple, SCT MAF, 60lb Injectors and Pumps on the way........ *Lou*

09-05-2004, 11:44 PM	#3
LG2004Redfire Registered User Join Date: Aug 2004 Location: Exton, Pa. Posts: 11	sorry i meant 04 __________________ 2OO4 SVT Redfire Cobra Coupe # 1623 of 3768 Build Date: 1/22/04 Mods RR 2.8 non slip Billet flow pulleys Gords HE w/fans MM Subframes Strange Shocks Tri-ax Shifter UPR Cold Air Flowmaster American Thunder All Mods & Tuned by: Rick of Amazon Racing Whipple, SCT MAF, 60lb Injectors and Pumps on the way........ *Lou*

09-06-2004, 12:21 AM	#5
cobrabitn Dr Jekyll on the street, Mr Hyde on the track Join Date: Jun 2001 Location: Rock Hill SC Posts: 14,649	NewFoundPower, Go get an 04 Cobra with a full warranty and a new engine. I don't buy preowned cars that have been modified because you never know what went into the car. Others may do it, but I always look for stock cars that have never been modified. Right now, you can get a great price on an 04 Cobra. if you like, I can help you get one in NC since I live right here in the Charlotte, NC suburbs. Thanks, Tony __________________ Cobrabitn 2016 Ruby Red Metallic with Caribou accent F-350 Crew Cab Stump Puller! 6.7 Diesel Automatic with Chrome Package, Off Road Package, 3.55 Locking axles, and Ultimate Lariat Interior Trim Package! 2017 Shelby GT350 Coupe - track car! Mods: JLT True Cold Air oil catch can 2009 Vista Blue Shelby GT 500 Coupe - Garage Queen Tinted Windows JLT True Cold Air Kit Pro-Dyno Tune 526 rwhp - 511 rwtq 1994 Rio Red Indy Pace Car #22 "Runabout" Snake in the grill MGW shift knob 1996 SVT Cobra Wheels 1969 New Lime Mustang Mach 1 Sportsroof - Second owner - bone stock with shaker. One SVT Cobra, one Shelby GT500, one 69 mach 1, and a Shelby GT350 is better than nothing! Custom Data Plates for your Mustang or Ford! Buy "Cool Merchandise" at Data Plates Plus www.dataplatesplus.com See my MSR Video here!

09-06-2004, 05:45 PM	#10
cobrabitn Dr Jekyll on the street, Mr Hyde on the track Join Date: Jun 2001 Location: Rock Hill SC Posts: 14,649	New Found Power, Go to Parkway Ford and ask for David Phillips. Just tell him I sent you and he will get you the best deal. They have a new Redfire 03 Convertible they are selling for $32,880.00, so I would guess you could get a coupe for 3 grand less. If you have a problem just call me and I'll chat with David for you. My number is 803-371-0725 or call David Phillips toll free at Parkway at 1-800-467-2469. HTH Tony __________________ Cobrabitn 2016 Ruby Red Metallic with Caribou accent F-350 Crew Cab Stump Puller! 6.7 Diesel Automatic with Chrome Package, Off Road Package, 3.55 Locking axles, and Ultimate Lariat Interior Trim Package! 2017 Shelby GT350 Coupe - track car! Mods: JLT True Cold Air oil catch can 2009 Vista Blue Shelby GT 500 Coupe - Garage Queen Tinted Windows JLT True Cold Air Kit Pro-Dyno Tune 526 rwhp - 511 rwtq 1994 Rio Red Indy Pace Car #22 "Runabout" Snake in the grill MGW shift knob 1996 SVT Cobra Wheels 1969 New Lime Mustang Mach 1 Sportsroof - Second owner - bone stock with shaker. One SVT Cobra, one Shelby GT500, one 69 mach 1, and a Shelby GT350 is better than nothing! Custom Data Plates for your Mustang or Ford! Buy "Cool Merchandise" at Data Plates Plus www.dataplatesplus.com See my MSR Video here!

09-06-2004, 12:08 AM	#4
SlowSVT Registered User Join Date: Feb 2004 Location: Los Angeles Posts: 38	LG200 is right. Why pay $26.5K for a used one with 15,000 miles on the clock when you can probably get a new one for 3-4K more. Or tell the dealer you'll give him $22K. Personally I would be a little concerned that the previous owner blew the engine.

09-06-2004, 11:58 AM	#6
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	Thanks for the replies guys. I was thinking that it might be a better idea to just go ahead and get an 04 and after listening to you guys I think that is what I am gonna try to do. Cobrabitn, what kind of incentives is Ford offering right now on the 04s? The Cobra I was looking at was at Capital Ford in Raleigh and they had a few 04s on the lot but I have not had the best experiences with that dealership. Any suggestions? Once again, thanks alot guys. Spending upwards of $25,000 makes me nervous and I don't want to screw myself and the more I think about it, the more sense buying a new cobra makes.

09-06-2004, 01:35 PM	#7
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	Ok, I have been doing some research online and here is what I have found. The 04s are going anywhere between 32K and 36K. I did see that Ford is offering really good APRs on the new cars as well. The highest being 2.9 for 72 months and even though it isn't a huge help, I also qualify for the college grad discount ($400) as well (every little bit helps). It is seeming more and more like this is the way to go. I just talked to a dealer in Winston Salem and they have the exact one that I want (black) so we'll just see what happens. I'll keep my fingers crossed.

09-06-2004, 04:17 PM	#9
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	I talked to Regal Ford in Winston Salem and Capital Ford in Raleigh. Regal is offering the best deal so far but it would be cool if the SCMC member could give me some help. Thanks alot. -D-

09-06-2004, 06:50 PM	#11
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	Thnx Tony, I'll give him a call and see what he can do. I can't wait to join the rank of 04 owners.

09-06-2004, 07:04 PM	#12
NewFoundPower Registered User Join Date: Sep 2004 Location: wilmington, nc Posts: 326	I called but couldn't find a David Phillips. Does he still work there? I couldn't even talk to a human (the automated system was horrible) so what next?

09-06-2004, 07:15 PM	#13
Sniperfox Registered User Join Date: Sep 2004 Location: Wilmington NC Posts: 127	I recently bought a 2003 Cobra convertible from Tri-City Ford in Eden NC for $33,800.00 that was new and unsold with 76 miles on it. There are still some 2003's out there that can be scooped up at a bargain. Check with David Watkins and see if he can get you a deal. __________________ "You cannot fulfill your dreams unless you dare to risk it all."

09-06-2004, 07:40 PM	#14
SlowSVT Registered User Join Date: Feb 2004 Location: Los Angeles Posts: 38	I paid $33.8K for mine. I told them I could put $5K down on it. The salesman walked away then came back with the finance guy and said if I put $6K down they would give me 0.9% financing for 60 months. I jumped all over that one. Then I tried to chew them down a little more on the price and they almost through me out the door. OK OK!!!!..........Hay, I had to try Russ

09-06-2004, 08:34 PM	#15
Sniperfox Registered User Join Date: Sep 2004 Location: Wilmington NC Posts: 127	Any dealer still holding an 03 anything will do anything to sell it. __________________ "You cannot fulfill your dreams unless you dare to risk it all."

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