Not Ranked
I can't help but think that all things are done for a reason (most of the time...), and because there seemed like no other option. There must be a reason why the engine and transmission were mounted so low. Maybe it was a hood clearance issue and easily fixed, or perhaps there is a firewall and transmission tunnel issue, that would be much more difficult.
I'd say, shop around a bit more and I'll bet you'll find some interesting Cobras in your budget that have less life-threatening characteristics.
Check out the Cobras for sale here on clubcobra, and check out Cobracountry.com, as well. Hit a few locals up for a ride---the more daring may even let you drive! Anyhow, meet some people, check out some different cars, and ease into it. You'll be happier having made your decision with a broad perspective.
Hang loose,
DD
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Dangerous Doug
"You're kidding, right?"
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