1965 Shelby Cobra 427
$1,000,000-3,000,000+ Car Shelby Muscle Era

1965 Shelby Cobra 427

1965-1967

Why this vehicle matters

The 427 Cobra is the ultimate expression of Carroll Shelby's vision: take a lightweight British sports car, stuff the biggest American V8 you can find into it, and see what happens. What happened was one of the most terrifying, exhilarating cars ever built. The Cobra famously beat Ferrari at Le Mans, earning Shelby's World Manufacturer's Championship in 1965. These cars are raw, unfiltered violence — no traction control, no ABS, just you and 425 horsepower in a car that weighs less than a modern Miata.

Patina notes

Original 427 Cobras are so valuable they're rarely driven. Most survivors are in concours condition. If you see one with patina, it's probably a continuation car or replica — which is fine, because that's the only way most mortals will experience this car. The iconic shape transcends authenticity; the experience matters more than the VIN.

Ownership reality

An original 427 Cobra is a museum piece and investment vehicle — too valuable to drive hard. Continuation cars from Shelby American and quality replicas from Factory Five, Superformance, or Backdraft are where the real driving happens. Parts support is excellent because the replica market keeps suppliers in business. But make no mistake: any Cobra requires respect. These cars will kill you if you disrespect them.

The verdict

Buy if

You have seven figures for a trailer queen, or you want the experience via a quality replica. You understand that raw, analog driving means accepting serious risk. You want to own a piece of racing history.

Skip if

You need creature comforts. You want something you can drive in the rain. Your life insurance policy has exclusions for 'driving a 427 Cobra.'

What to look for

  • Authenticity documentation (CSX numbers for originals)
  • Frame and chassis straightness
  • Leaf spring condition and mounting points
  • Engine bay authenticity (427 FE vs later swaps)
  • Body panel fit (originals are hand-formed aluminum)
  • Transaxle condition (weak point under hard use)

Common problems

  • Rear end hop under hard acceleration
  • Overheating in traffic (minimal cooling for street use)
  • Electrical gremlins (Lucas components on some cars)
  • Wear on independent rear suspension bushings
  • Oil leaks from FE engines (they all do it)

Parts & community

Parts sources

  • Shelby American (continuation parts)
  • Superformance
  • Factory Five Racing
  • McCluskey Engineering
  • Summit Racing (Ford FE engine parts)

Forums & communities

  • Shelby American Automobile Club (SAAC)
  • CobraCountry.com
  • TeamShelby.com

Sources

Specifications

Engine 427 FE Side-Oiler V8
Power 425-485 hp
Torque 480 lb-ft
Transmission 4-speed manual
Drivetrain RWD
Weight 2,350 lbs
Wheelbase 90 inches
Production 348 total 427 Cobras

Notable Features

  • Flared fenders to fit massive tires
  • Side exhausts (optional)
  • Semi-competition 427 SC versions available
  • Aluminum body available on some cars

About Shelby

Carroll Shelby's vision: American muscle with European handling. The man who put Ford on the racing map and created some of the most desirable performance cars ever built.

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Find one

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