Bank Busting King Cobra II

Stepping out of my regular lane.
Part of the focus on malaise era muscle cars is their accessibility. We basically cover cars that can be bought for less than $20K, cars you can afford that are driven not trailer queens. So I don't spend a lot of time discussing the 10th Anniversary Trans Am, those are $30K all day long. The much maligned Mustang II is seeing a rise in values and the King Cobra is the most elite Mustang II. The one pictured above sold for $36K and no it doesn't have super-low mileage or a stick. It does have T-tops and A/C. It is a well cared for one owner survivor with 54,000 miles. Based on the few flaws seen in the pics and the Hagerty valuation tool this should have sold for $26K. I don't know the dynamics of the day in Chattanooga but someone really wanted this car. I won't pretend I don't understand it. The car has super cool character and with a little wrenching could be a decent street bruiser. 

It looks like it was treated to rust proofing back in the day. It was obviously garaged kept. Still, the price is way too high, an outlier not the norm. 
​1978 Ford Mustang II King Cobra | F102 | Chattanooga 2021 (mecum.com)