Ford invested heavily in the Cobra to make sure it stood out from the GT (and any pesky competitor for that matter), and the introduction of the completely redesigned 1994 Mustang SVT Cobra left an indelible impression on the motoring world. Flat-out, this was a world-class performance vehicle with a beefed-up 5.0L V8, a sporty Fox-4 platform that improved pretty much every single performance measure from the previous generation, and chiseled design lines that were just restrained enough to make the car look absolutely timeless. Today, examples like this low-mileage, 5-speed Cobra are still screaming bargains in a market where 'modern classics' are getting more valuable each year, offering great horsepower and lively performance for pennies on the dollar. So, it's 1994 and you want to buy the brand spanking new 4th generation Mustang, but to quench your up-market needs you must choose between the tried-and-true GT, or the SVT Cobra. A quick look at any value book today would make you believe that was an easy decision (SVT Cobras are much more valuable today), but back then it wasn't so cut-and-dry. The Cobra stood apart with its unique front fascia that featured a cowl hood with side scoops, unique reflector lights, round foglights, ground effects that encircled the car, and a unique rear spoiler with an integrated LED brake light. The resulting look was an instant hit, and because the car was such a great improvement on the Fox Body SVT Cobra (the entire Fox Body platform had grown stale after 15 long years, and sales were suffering), it was forever entrenched into Mustang fandom. The truly shocking thing about this particular 1994 Cobra is that it's completely unmodified, which is rare sight indeed for a car with such a robust catalogue of aftermarket performance parts. With just three owners from new and only 56,217 original miles, this Crystal White Cobra keeps to the stock look, and closer examination reveals that it's likely never been raced or abused. The paint is almost all-original, although there are some signs of a faithful touch-up on the front bumper that covered up a few scratches accrued through the years, and it's in still in great shape, presenting as a top driver-quality vehicle that belies the mileage on the odometer. It's obvious that this Cobra car has always been well-kept in sunny Texas since new, and although we're sure it's taught a Camaro a lesson or two out on the street, it shows none of the usual battle scars. Inside, the Code 4S Saddle leather interior is simply gorgeous, a huge upgrade over the trimmings found in previous generations. The nicely bolstered seats are soft yet still sufficiently grippy, which is what you want in a car that can corner like this, and the Cobra script on the steering wheel and floormats are a subtle reminder that this isn't some V6 grocery-getter you're sitting in. Other than that, the cabin isn't overly braggadocios about its racing pedigree, which is a great change of speed compared to some of the gaudiness you see in specialty Mustangs today. Genuine leather on the steering wheel, shifter, and parking brake are also Cobra-spec, and the front seat frames were actually made from magnesium to reduce curb weight while still complying with federal safety standards. Cobras came only one way: loaded. As a result, things like A/C, power windows/locks/mirrors/seats, cruise control, dual airbags, a tilt wheel, ABS brakes, and a great-sounding Mach 460 AM/FM/Cassette/CD stereo all came from the factory. Cobras also got special white-faced gauges and black lettering as part of the SVT package and you'll note the redline on that tach is way up there at 6000 and the speedometer tops out at 160MPH. The interior shows very little wear, again a testament to both the quality of the Cobra and the care it has received throughout the years, and the contrast of black accents on the dash, door panels, and rear package tray give the cabin a more sophisticated feel.