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10-24-2003, 07:04 AM
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CC Member
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Join Date: Oct 2003
Location: Wimberley, Texas,
TX
Cobra Make, Engine: Superformance 1966 Cobra with a true Ford 427-side-oiler motor. It is a factory built reproduction of the famous AC Cobra built by Carroll Shelby in the 60's
Posts: 62
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Not Ranked
I won this 1966 Cobra and don't know what to do with it????
i have recently won this car at a convention and don't know what to do with it. I am at a lst to begin with about the winning of this car. I don't realy know much about the car in the way of value and was tole by the owner who gave it away that it was worth about $ 60,000.00. That sounds high to me but, what do I know sho I figured I would ask the famliy of Cobra owners and get their input. The car is a replica with a true 427 side oiler in it. It is blue with twin white stripes and is in great shape. I will do some research with the car and get more details for the next entry on what all is on it. I do know that it is titled as a 1966 Shelby Cobra and the original owner says that is worth alot for the value of the car along with the true 427 engine. I would greatly appreciate any assistance or suggestions on how to deal with this blessing of this treausre.
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10-24-2003, 07:19 AM
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CC Member
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Join Date: Jun 2001
Location: Carrollton,Texas,
tx
Cobra Make, Engine: Keith Craft Motor
Posts: 156
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Not Ranked
uh.......drive it.
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10-24-2003, 07:20 AM
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CC Member
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Join Date: Nov 2002
Location: Flanders,
NJ
Cobra Make, Engine: Classic Roadsters 351 Windsor 405 HP
Posts: 1,043
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Not Ranked
It's probably not worth too much but I'd give you $2,000 to take it off of your hands. Unless it's the real thing it has very little value. Trust me, the best thing to do is unload it now. $2,000 is a lot of money but I'd be willing to help you out.
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10-24-2003, 07:33 AM
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Senior Club Cobra Member
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Join Date: Jul 2000
Location: Las Vegas,
NV
Cobra Make, Engine: ERA 427 SO
Posts: 1,126
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Not Ranked
Art, $2000? But that's if he pays shipping to Jersey, right?
__________________
Ken
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10-24-2003, 07:36 AM
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CC Member
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Join Date: Mar 2003
Location: Baltimore,
Md
Cobra Make, Engine: EM Replica, 427 s/o, Vette suspension
Posts: 84
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Not Ranked
Let me begin by stating EMPHATICALLY that I am NOT qualified to give ANY advice of ANY kind!!
Having said that, I assume you are aware that you will have to pay federal income tax on the VALUE of your winnings (i.e., the Cobra). Since it is already approaching the end of October, you may want to consult your accountant / tax advisor on how the IRS will determine the value of your windfall. Since the IRS WILL want their money before April 16, 2004, you may want to begin factoring in the amount that you WILL have to pay them! If the donor stated that the Cobra was WORTH $60,000 YOU may HAVE TO ARGUE THAT THE CAR IS NOT WORTH THAT AND THEREFORE ARE NOT OBLIGATED TO PAY TAX ON $60,000!
You may want to look around your area for companies that can give you an honest appraisal of what your Cobra is worth. You will then be in a better position to know how much tax you will have to pay. You will also be in a position to sell the Cobra should that be an option you prefer. (Since it's listed here, I asssume you're leaning in that direction).
I congratulate you on your good fortune and hope that you take at least one test drive so you know what it's like to drive a very, very nice performance automobile! (You could also decide to donate it yourself if you don't need the money. Feed The Children is an excellent charity that provides a lot of great assistance to children.)
Just my $.02
__________________
*** OF GREAT WORTH *** And JESUS asked again, The Kingdom of GOD, how shall we think about it, and to what can it be compared? Is it not like a Dark blue 427 Cobra, which a man found parked on his street one day? He hurried off and sold all that he had; the 57 Thunderbird, the 63 Stingray, the XKE, and bought the dark blue 427 Cobra. The disciples frowned and scraped their feet; JESUS grinned and popped the clutch. --- Harris Wolfe
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10-24-2003, 07:37 AM
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Senior Club Cobra Member
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Join Date: Mar 2001
Location: Northport,
NY
Cobra Make, Engine: Kirkham, KMP178 / '66 GT350H, 4-speed
Posts: 10,362
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Not Ranked
Is that SPF #1477?
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10-24-2003, 07:53 AM
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Senior Club Cobra Member
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Join Date: Mar 2002
Location: God's country,
ME
Cobra Make, Engine: Original ERA 427sc, Powered by Gessford
Posts: 2,678
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Not Ranked
What to do with it?
Send it to me and I'll take it off your hands- I'll even take care of the taxes- because that's the kind of guy I am 
Ron- How do you know these things?
__________________
Replica is not a dirty word.
"If you can't be a good example, then you'll just have to be a horrible warning."
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10-24-2003, 07:53 AM
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CC Member
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Join Date: Aug 1999
Location: dallas,texas,
tx
Cobra Make, Engine: Lots fo different cars that change all of the time
Posts: 1,232
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Not Ranked
DOWNTOWN
GO TO THE CLUB FORUM SECTION AND THEN TO TEXAS COBRA CLUB. POST THAT THERE. WE HAVE ONE OR TWO MEMBERS IN WIMBERLY THAT CAN GIVE YOU SOME IDEAS. ALSO I DO APPRAISELS ON COBRAS FOR AN INSURANCE COMPANY. I WOULD BE HAPPY TO RUN DOWN AND TAKE A LOOK AT IT FOR YOU.
JAY
__________________
ALL I WANT IS A NICE SWEET NYMPHOMANIAC DEAF MUTE THAT LACTATES TEQUILA
Run & Gun participant 1998-2005
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10-24-2003, 08:14 AM
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CC Member
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Join Date: Dec 2002
Location: Chicago 'Burb,
Il
Cobra Make, Engine: SPF#1245 w/ 1966 427 SO
Posts: 1,167
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Not Ranked
DownTown: Taxes on 60K can will be pretty steep..........you're better off letting me take it off your hands! ;-)
Seriously, you should check with a tax advisor on what you need to do. I'll warn you now, though, ....if you DRIVE it, you'll want to keep it!
If you aren't really into cars, and you just want to make some money off it; check around and figure out what they're going for, or have it appraised by someone that knows what they're looking at (Jay). 60K sounds a little steep to me - unless it's brand new and the engine was built by a reputable builder. Perhaps the owner said 60K because that's what he wanted to be able to write off on his taxes! Look around on Cobra Country or Hemmings and get some ideas on what they're selling for.
What number SPF is it, and how many miles?? Post some pic's if you can!!! Heck, I'll come see it if the price is right! 
Last edited by TerrysSPF; 10-24-2003 at 08:20 AM..
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10-24-2003, 08:15 AM
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CC Member
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Join Date: Oct 2000
Location: Midlothian,
TX
Cobra Make, Engine: Hurricane 427 Cobra #HM2008, Craft Performance 427w 600hp/600tq, TKO-600 close ratio, original Smiths gauges, lucas switches
Posts: 1,020
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Not Ranked
__________________
Bob Worley
Hurricane HM-2008 build is done!! (for now....)
Craft Perfomance 427W / 600hp / 600tq - TKO600
I love it and I need it I bleed it ~ Yeah it's a wild hurricane ~ Alright, hold tight, I'm a highway star!!
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10-24-2003, 08:46 AM
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Member of the north
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Join Date: May 2003
Cobra Make, Engine: A Cobra
Posts: 11,207
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Not Ranked
Sounds unbelievable
What are the chances of some guy, winning a Cobra and posting his winnings on this site.
I don't believe it. Additionally, who would win a cobra, and not drive it.
AAAAAAAAAAAAAHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!! !
Hey DownTown, want to buy me some lottery tickets? 
Best wishes!
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10-24-2003, 08:48 AM
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CC Member/Contributor
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Join Date: Feb 2000
Location: Greenville,
SC
Cobra Make, Engine: 70 Shelby convertible, ERA-289 FIA, 65 Sunbeam Tiger, mystery Ford powered 2dr convertible
Posts: 12,702
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Not Ranked
Ok, all of the kidding above a side. The first thing you need to do is find out what the chassis ID is, this will tell you whether or not this is an early or a late SPF. After that, figuring out what the actual "real world" market value is may be difficult, as I have seen them advertised from $35,000-$65,000. Your best bet is to get as much details as you can, and post it here. After that, it's comparing apples to apples. Finding a similar car that recently sold (not asking price, but actual selling price). Ebay is a good place to look as well, as there have been several SPF's that have been up on the auction site recently. have any specific questions, feel free to ask, and most of us will be happy to help you with a serious answer...........
Sincerely,
Bill S.
__________________
Instead of being part of the problem, be part of a successful solution.
First time Cobra buyers-READ THIS
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10-24-2003, 08:57 AM
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CC Member
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Join Date: Aug 2000
Location: Germantown, TN,
Cobra Make, Engine: Superformance #770, Stroked 351W (393 cubes) w/ Tremec TKO-600, 3.27 Torsen locker, 'Hi-Tech' Blue w/ White Stripes, Wilwoods, Bilstein coil overs...and a big ear-to-ear grin!
Posts: 1,147
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Not Ranked
Can you say T-R-O-L-L....?
Yeah, I thought ya could... 
__________________
Flyin_Freddie
"An opinion on everything...an expert at nothin'!"
WARNING: The opinions expressed herein do not necessarily represent those of the management, editors, or owners. We welcome differing opinions, and recognize our responsibility to offer differing views. May cause drowsiness, restlessness, or irritability. Do not operate heavy machinery while using this product. Void in Alaska, Hawaii, and Puerto Rico, or where prohibited, licensed, or regulated by law. We reserve the right to limit quantities. Offer good while supplies last. No substitutions allowed. Please observe posted speed limits. Professional driver on closed course. Do not try this at home. Please wear your seatbelt at all times. Close cover before striking. Use at own risk. Please dispose of properly. Drink responsibly. Prolonged exposure to vapors has been shown to cause cancer in laboratory animals. Do not use this product of you are pregnant, or plan on becoming pregnant. Intentional misuse by deliberately concentrating and inhaling fumes can be dangerous. Always wear safety glasses. In case of eye contact, flush with water and seek immediate medical attention. For occasional use only as directed. Avoid prolonged skin contact. Discontinue use if rash develops. If symptoms persist for more than three days, seek professional medical attention. Hearing protection required beyond this point. Danger: Hot surfaces. Use as directed. Proceed at own risk. Caution: Filling may be hot. Please don't litter. Actual results may vary. It is a violation of Federal Law to use this product in a manner other than as intended. Do not use this product if you have an enlarged prostate, or have difficulty urinating.
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10-24-2003, 09:00 AM
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Senior Club Cobra Member
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Join Date: Mar 2001
Location: Northport,
NY
Cobra Make, Engine: Kirkham, KMP178 / '66 GT350H, 4-speed
Posts: 10,362
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Not Ranked
Guys ... can we lay off the speculation until a response to the questions is posted.
Last time I checked, there still was a Welcome mat at our door.
Thanks
Ron
ClubCobra Moderator
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10-24-2003, 09:13 AM
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CC Member
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Join Date: Dec 2001
Location: Olympia/Lacey,
WA
Cobra Make, Engine: West Coast. 514 / 6 speed Richmond overdrive
Posts: 1,981
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Not Ranked
Ron...
Yep, there is and should be a welcome mat...
But several folks are standing just inside the door with large clubs just in case trolls slip in 
__________________
James Madison, father of the Constitution, said, "If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." He also said, "No nation could preserve its freedom in the midst of continual warfare..."
~~~~~~~~~~~~~~~~~~~~~~~~
http://www.standdown.net/index.htm
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10-24-2003, 09:15 AM
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Senior Club Cobra Member
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Join Date: Jan 2000
Location: Frisco,
TX
Cobra Make, Engine: ERA #122 (Sold) : Ford GT #484 Heritage Edition; 2008 GT500 Red/Black
Posts: 1,075
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Not Ranked
Actually Burger Street gave away a CSX4000 about 4 or 5 years ago when they first came out...A kid won it and couldn't pay the taxes so he sold it.
The problem you may have is if the group that gave away the car received it as a donation and the donation had a value set to it so the person could get a tax write off. Then you may not have a choice as to what you pay....
Oh and being a prize doesn't he have to pay the tax on the gift as well as the tax to register the monster?
Matt
__________________
2006 Ford GT #484 Heritage Edition
2003 Hummer H1 OpenTop
2003 Hummer H1 Wagon
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10-24-2003, 09:26 AM
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CC Member
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Join Date: Dec 2001
Location: Snohomish, WA,
Posts: 461
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Not Ranked
Maybe......
This is a long lost car that was found in a barn......
David 
__________________
dsprint2000 - rubber down
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10-24-2003, 09:31 AM
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CC Member
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Join Date: Aug 2000
Location: Germantown, TN,
Cobra Make, Engine: Superformance #770, Stroked 351W (393 cubes) w/ Tremec TKO-600, 3.27 Torsen locker, 'Hi-Tech' Blue w/ White Stripes, Wilwoods, Bilstein coil overs...and a big ear-to-ear grin!
Posts: 1,147
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Not Ranked
Sorry....
There is indeed a Welcome Mat out....no doubt.
But, at the same time....anyone remember the kid who 'found' the Cobra in his Uncle's (or was it his GrandPa's) garage last year? Guess I've just become too jaded when someone comes over here and says on his first post what a fantastic deal he's just won, found, whatever. If this guy's really WON an SPF car, then someone on the SCOF forum will know about it...trust me. There's too many owners and dealers over there who know everything that goes on concerning SPF cars and, trust me when I say, one of them is bound to know about this car. If this guys legit, then I'll be the first one to apologize to him and members of CC....no prob.
But, until then, I reserve the right to think of this outrageous story what I might, and right now, I think this is nothing but another troll!
__________________
Flyin_Freddie
"An opinion on everything...an expert at nothin'!"
WARNING: The opinions expressed herein do not necessarily represent those of the management, editors, or owners. We welcome differing opinions, and recognize our responsibility to offer differing views. May cause drowsiness, restlessness, or irritability. Do not operate heavy machinery while using this product. Void in Alaska, Hawaii, and Puerto Rico, or where prohibited, licensed, or regulated by law. We reserve the right to limit quantities. Offer good while supplies last. No substitutions allowed. Please observe posted speed limits. Professional driver on closed course. Do not try this at home. Please wear your seatbelt at all times. Close cover before striking. Use at own risk. Please dispose of properly. Drink responsibly. Prolonged exposure to vapors has been shown to cause cancer in laboratory animals. Do not use this product of you are pregnant, or plan on becoming pregnant. Intentional misuse by deliberately concentrating and inhaling fumes can be dangerous. Always wear safety glasses. In case of eye contact, flush with water and seek immediate medical attention. For occasional use only as directed. Avoid prolonged skin contact. Discontinue use if rash develops. If symptoms persist for more than three days, seek professional medical attention. Hearing protection required beyond this point. Danger: Hot surfaces. Use as directed. Proceed at own risk. Caution: Filling may be hot. Please don't litter. Actual results may vary. It is a violation of Federal Law to use this product in a manner other than as intended. Do not use this product if you have an enlarged prostate, or have difficulty urinating.
Last edited by Flyin_Freddie; 10-24-2003 at 09:34 AM..
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10-24-2003, 09:50 AM
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CC Member
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Join Date: Aug 2000
Location: Germantown, TN,
Cobra Make, Engine: Superformance #770, Stroked 351W (393 cubes) w/ Tremec TKO-600, 3.27 Torsen locker, 'Hi-Tech' Blue w/ White Stripes, Wilwoods, Bilstein coil overs...and a big ear-to-ear grin!
Posts: 1,147
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Not Ranked
Tell you what....
There's a whole lot of us Superformance owners watching this thread...we'd like to believe this fella's won an SPF, but we're still a little doubtful. So maybe he'll help dispel our suspicions.
Let us know what convention you were at when you won this prize, so we can do some verification on our own.
And...post a picture of the VIN number, located on the passenger side firewall, right near the starter solenoid. You shouldn't have any problem finding it...it's a big thick aluminum plate riveted to the firewall with Superformance's name and logo cast in to it. There will be a number engraved on that placard. Get that number and post it here...or, better still, snap a digital photo of the plate and post it here.
...and if you can, then I'll get down on my knees and offer my apology. And, I'll post a picture of me doing it!
__________________
Flyin_Freddie
"An opinion on everything...an expert at nothin'!"
WARNING: The opinions expressed herein do not necessarily represent those of the management, editors, or owners. We welcome differing opinions, and recognize our responsibility to offer differing views. May cause drowsiness, restlessness, or irritability. Do not operate heavy machinery while using this product. Void in Alaska, Hawaii, and Puerto Rico, or where prohibited, licensed, or regulated by law. We reserve the right to limit quantities. Offer good while supplies last. No substitutions allowed. Please observe posted speed limits. Professional driver on closed course. Do not try this at home. Please wear your seatbelt at all times. Close cover before striking. Use at own risk. Please dispose of properly. Drink responsibly. Prolonged exposure to vapors has been shown to cause cancer in laboratory animals. Do not use this product of you are pregnant, or plan on becoming pregnant. Intentional misuse by deliberately concentrating and inhaling fumes can be dangerous. Always wear safety glasses. In case of eye contact, flush with water and seek immediate medical attention. For occasional use only as directed. Avoid prolonged skin contact. Discontinue use if rash develops. If symptoms persist for more than three days, seek professional medical attention. Hearing protection required beyond this point. Danger: Hot surfaces. Use as directed. Proceed at own risk. Caution: Filling may be hot. Please don't litter. Actual results may vary. It is a violation of Federal Law to use this product in a manner other than as intended. Do not use this product if you have an enlarged prostate, or have difficulty urinating.
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10-24-2003, 09:58 AM
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CC Member
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Join Date: Mar 2001
Location: Redwood Shores,
CA
Cobra Make, Engine: Classic Roadster/428CJ "The Stretch Limo of Cobras"
Posts: 267
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Not Ranked
Congratulations on winning a great prize, your one lucky person. You've now part of a group of some of the finest people you will ever meet. Enjoy your new toy and new friends.
Bob Faust
__________________
A person who is nice to you, but rude to the waiter, is not a nice person. (This is very important. Pay attention. It never fails.)
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