1996–97 Ford Mustang Cobra Coupe: The Four-Cam Cobra That *Almost* Caught Up To GM’s F-Bodies

Driver front 3q picture of black 1996/7 Ford Mustang Cobra parked in a lot before a grove of trees with changing leaves

The Ford faithful had high hopes in 1996 when it was announced that the Mustang GT’s good old pushrod 5.0 was being replaced by a 4.6-liter single-overhead-cam “Modular” V8, but those hopes were soon dashed when it was found that the new car was no faster (and even slower in some tests) than the old one. Then, the new dual-overhead-cam 305-horsepower Cobra was announced, and finally Ford fans had something with enough firepower to go head-to-head with the LT1-powered F-bodies that were introduced in 1993. Hyperpack posted some pictures of one of those special Mustangs, this down-on-its-luck 1996/7 Cobra, on the CC Cohort, and it reminded me of the Cobra I got a chance to test drive when these cars were new.

1997 Ford Mustang engine compartment with 4.6-liter dual-overhead-cam V8 engine
1997 Ford Mustang Cobra engine compartment/Auto Barn Classic Cars

Aside from a few visual tweaks such as unique front and rear fascias, a scooped hood, and special wheels, the Cobra didn’t look that much different from a Mustang GT, but it had a tweaked dual-overhead-cam 4.6 that originated in the Lincoln Mark VIII, and it added up to 305 horsepower at 5800 rpm and a not-too-impressive 300 lb-ft of torque at a peaky 4800 rpm. The DOHC 4.6 was physically massive, about as big as a Boss 429, but it looked cool and finally gave the Mustang acceleration to almost match the Camaro and Firebird. I read all the road tests back in the day, and 0-60 times in the mid-five second range, along with quarter-mile passes of around 14 seconds at 100+ miles per hour, were the norm.

Car and Driver compared a Cobra to the Camaro SS (an SLP-tweaked Z28) and a Firebird Formula with the WS6 package (which was also modified by SLP). The Mustang came in second to the Camaro, which was noticeably faster but not the kind of car that the editors would have enjoyed living with; the Mustang was a balanced package with power and road manners.

Driver side profile of black 1996/7 Ford Mustang Cobra

When the Cobra came out, I was a college kid driving around in my own family-heirloom 1965 Mustang that I still own today, although back then it was somewhat shabbier (not that it’s perfect now). Like any card-carrying car guy, I cruised the dealerships regularly, waiting for the good stuff to hit the lots. At some point in probably the late-summer, early-fall of 1997, I was dating a girl who was somewhat older than I was and had already gone corporate, so I dressed in a “business casual” outfit to take her to lunch; after all, I didn’t want to look like a college bum on a date with a professionally dressed lady. Of course, I swung through the car lots afterward and found a new red Cobra at the Ford dealer.

Mustang 12 e1791649399917

Picture this guy wearing business casual rather than his friend’s dad’s clothes from the 1970s and that’s the general picture of what I looked like in 1997. A salesman came out to talk to me about the car, so I figured that I’d be an idiot if I didn’t ask for a test drive, and he surprisingly obliged. We took the car around town, I got on it a little bit (but not much), and he finally asked what I did for a living. I replied that I worked at Bob Evans, which, for those who aren’t from the United States, is a family-style restaurant chain.

The salesman melted into a disappointed puddle in his bucket seat. He didn’t say a word for the rest of the drive, and when we returned to the lot, he literally jumped out of the car while it was still in motion and ran inside, his voice, doppler-effecting itself into the distance, shouting that he had customers. I sat there with a running Cobra, alone, replying, “I guess I’ll just stay here then” as if I were in a Monty Python flick. What else could I do? I parked the car, walked into the showroom, set the keys on his desk, and thanked him for the test drive, undoubtedly with a smile that was a couple notes smarmier than necessary.

Rear view of black 1996/7 Ford Mustang Cobra in front of a gray block building

Of course, I feel worse about the whole escapade now than I did then, but not too much. At the time, I tried to play the wronged party by saying that the salesman didn’t know that I wasn’t some spoiled college kid, nearing graduation, whose parents were ready to drop twenty-five grand on a new Mustang as a gift. “It’s bad business,” I thought! But in reality, the guy called it as it was: I was a car-crazy kid taking a joyride, wasting time that could have been better spent on paying clients.

Passenger front 3q picture of dark green 1994 Chevrolet Camaro Z28
1994 Chevrolet Camaro Z28/Bring a Trailer

If my parents were going to spoil me with a new pony car in 1997, I still think I would have taken a Camaro Z28 (not that my dad would have allowed it as a Ford guy). The Cobra had some disadvantages; at $24,810 for a coupe (in 1996 when they came out), it was about five grand more than a Z28, which was usually timed as being just a tick faster than the Ford. For those who didn’t want to shift for themselves, the Camaro was available with a four-speed automatic that was every bit as fearsome as the stick, while the Cobra was only available with the manual. Finally, Cobras were only sold at select SVT dealers, which is why I never saw one for sale in my hometown; sales were thus a bit limited, but still not bad at around 10,000 cars a year in 1996 and 1997. Clearly, there was some pent-up demand for a truly fast Ford.

Passenger profile view of black 1996/7 Ford Mustang Cobra

But as a Mustang owner and son of a Ford man, I thought the Cobra was really cool, and I loved driving it around, even if the circumstances were awkward. Cobras are reasonably priced collector cars these days, and one of my wife’s old high school classmates brought his black ’97 convertible over to show me last year. It’s still a fun car, even if I can’t quite get used to the fact that it’s almost 30 years old. So Ford took a swing at the F-bodies and just about got there, but as we all know, the Mustang has generally come out ahead in the end. I hope that this neglected Cobra can do the same.

Related Reading

My Hobby Car of a Lifetime #11: ’96 Mustang GT – In Praise Of The Throwaway Car (by Jose Delgadillo)

1994 Chevrolet Camaro Z28: How To Convert A 17-Year-Old Mustang Kid (by me)