1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car

5-Speed Manual | Official Pace Car Livery | #31 of 1,000 Produced

Extended Warranty
LOT #

260150334

Collector Car

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OFF MARKET VEHICLE
All the information and photos on this listing are from when this vehicle was originally listed on ExoticCarTrader.com
Make:
Model:
VIN:
1FALP45D6RF158077
Lot Number:
260150334
Condition:
Used
Odometer:
1,453 miles
(Exempt / TMU)
Engine:
5.0L Naturally Aspirated V8
Drive Type:
Rear-Wheel Drive (RWD)
Transmission:
Manual/Standard
Exterior Color:
Rio Red
Interior Color:
Saddle
Vinyl Wrap:
Vehicle Location:
Tennessee
  • 1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car
  • 5.0L Naturally Aspirated V8
  • Sequential Multi-Port Electronic Fuel Injection
  • 5-Speed Manual
  • RWD
  • Rio Red Tinted Clearcoat Exterior
  • Saddle Leather Interior
  • Saddle Convertible Soft Top
  • Power Adjustable Driver Seat
  • MACH 460 Audio
  • CD Player
  • Fog Lights
  • 17″ Cast Aluminum 5 Spoke Wheels
  • Remote Keyless Entry
  • Cruise Control
  • Air Conditioning
  • Limited-Slip Differential
  • Cobra Performance Package
  • Official Pace Car Livery
  • Special Indy 500 Decklid Badge
  • #31 of 1,000 Produced

Overview of 1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car For Sale by Owner

The 1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car is one of the most iconic special editions of the early SN95 era, built to commemorate the 78th running of the Indianapolis 500. Limited to just 1,000 units, every example was finished in Rio Red with a Saddle leather interior and matching convertible top, making it instantly recognizable among Mustang enthusiasts. This particular example stands out even further with an incredibly low 1,500 miles, placing it firmly in collector-grade territory. As car #31 of 1,000 produced, it represents not only a rare piece of Ford SVT history but also a highly preserved snapshot of 1990s performance culture. With its official pace car livery, documented low mileage, and factory-correct presentation, this Cobra offers both historical significance and long-term investment appeal.

Exterior and Interior

The exterior of this 1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car is finished in Rio Red tinted clearcoat and features the unmistakable official pace car graphics commemorating the 78th Indianapolis 500. The factory decals, Cobra badging, and special decklid insignia give the car a bold and purposeful presence, while the 17-inch cast aluminum 5-spoke Cobra wheels and integrated fog lights complete the period-correct performance look. The overall condition reflects its exceptionally low mileage, with clean paint, sharp body lines, and well-preserved trim throughout. The interior of this 1994 Ford Mustang SVT Cobra Convertible Indy 500 Pace Car is trimmed in Saddle leather, a signature element of the pace car package that pairs perfectly with the exterior finish. The seats feature embroidered Cobra logos and remain in excellent condition, further supported by the car’s minimal mileage. Comfort and convenience are well accounted for with a power-adjustable driver seat, air conditioning, cruise control, and remote keyless entry. The factory MACH 460 audio system and CD player provide an authentic 1990s driving experience, while the overall cabin layout reflects the driver-focused design of the SVT Cobra lineage.

Engine

Under the hood lies Ford’s legendary 5.0L (302ci) naturally aspirated V8, enhanced by SVT with GT40 cylinder heads, a GT40 intake manifold, and a revised camshaft to produce 240 horsepower and 285 lb-ft of torque. Paired with a 5-speed manual transmission and a limited-slip differential, this Cobra delivers a raw and engaging driving experience that defined American performance in the 1990s. The sequential multi-port electronic fuel injection ensures reliable operation and smooth power delivery, while the Cobra-specific tuning gives the car a sharper edge over standard Mustang GT models. With such low mileage and a well-preserved engine bay, this example offers both mechanical confidence and authentic driving character straight from the SVT playbook.

Walk-around Video of this Ford Mustang

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