Buying a used Ford Mustang Cobra (2001-2003)

The official Australian version of the 2001 Ford Mustang was the first US Ford passenger car with major Australian input since the last US LTD series of almost 30 years earlier. Joe Kenwright finds a classic in the making...

Because Tickford did not apply any engineering or performance upgrades to the model during their re-manufacturing work, the company was always reluctant to equate it with their own enhanced Falcon range. Yet this Mustang had more Tickford input than most, was no less special and much more exclusive. Although the styrene cup generation bagged the ageing cabin, the bigger picture remains: a slightly crude, highly entertaining drive with a great soundtrack that went way beyond a conversion from left hand to right hand drive. Launched in February 2001, the final 2002 batch was cleared during 2003.

Prices
Despite $60,000 coupe clearance pricing in 2003, used prices have propped from around $50,000 with up to a $5000 premium for the convertible. Just over 400 sold compared to 16,000 Monaros so it's already collectible.

Verifying genuine Tickford re-manufactured example is critical. Complete engine and driveline were moved back towards the centre line to create the larger driver footwell with left footrest. This dictated modified cross members and centre tunnel sheet metal. A special dash manufactured for RHD and structure supported a new heating/ventilation system with proper coolant flow control and passenger airbag repositioned for local requirements.

Steering was based on European Fiesta rack with Falcon linkages forcing removal of front suspension and changes to front cross member, engine sump and power steering hydraulics. Brake hydraulics were moved to correct side.

Carpet was modified and all pedal controls were Australian engineered. Additional sound deadening was added throughout to meet local expectations. Electric driver's seat adjustment was fitted during US production. Windscreen had to be removed then replaced which left cracks near pillars in some examples. Cruise control can malfunction.

Local headlight requirements dictated Japanese spec headlights with RHD beam alignment and additional high beam units cut into bumper fascia for distinctive appearance. Front indicators and rear tail lights also specific to this model.

All-alloy quad cam modular V8 with six bolt mains came in similar tune to local Boss 290 engine but reduced 4.6-litre capacity pegs output to 240 kW/430Nm hauling a kerb weight of around 1550-1600 kg. Some engines were monitored for oil consumption. Sole transmission was Tremec T45 5 speed with specific cable clutch operation. Local sump and extractors fitted while engine was removed.

Factory convertible has additional underbody frame for extra 60 kg in weight. Big air gap between wheel arches and smallish 17 inch wheels prompt owners to lower suspension and fit bigger wheels which may affect already marginal ride/handling balance.

Rear suspension is similar to AU Falcon's multi-link IRS with extra aluminium components. Worn rear bushes, diff back lash and tail shaft wear can be worries when some examples have been upgraded or dragged or involved in burn out competitions. Manual gearbox can be noisy but knowing when it shouldn't be is the key. There is no auto option on these Australian-delivered cars.

First batch included white, black, metallic red and silver. Second batch included blue, yellow and a different white. Data Dots were added later in 2001 but should be retrofitted to first cars.