[jcraigau]

I think for the money and registration jump at it.
I wouldn't think you'd ever loose money on it.
If it was me I'd buy that as the daily cobra and invest in a new chassis/body and spend a couple of years building up the exact cobra you want. You'll learn a lot driving a cobra about what you like and don't like and want to change.
In 5 years or so when the dream cobra is on the road you could sell this one and get your money back!