If its going to be your daily driver then no real need to buy a 9400 mile car you will ruin by daily driving. Its also rather easy to get an 03/04 cobra to 450-475rwhp (4 mods, intake/exhaust/pulley/tune). You get many more mods on option 2 for less price.
If I was going to get a car, keep it stock (or easy to go back to stock) and only drive it to shows (keep miles low) then option 1 if it checks out good.
If I was going to daily drive the car or drive it regularly and I wanted to mod it and the mods on it already were what I wanted and it has been taken care of by someone that knew the 03/04 cobras then option 2 would be better.
This is of course if both cars check out and are in great shap etc.
__________________ 2003 Cobra Vert (Redfire) #3938 of 5082 @ 05/27/2003
472rwhp/493rwtq -Modification List - Dyno Sheet 2012 Mustang 3.7L M6 (Kona Blue) 2011 Ford Edge Sport (Red Metallic)