Power comes from a rebuilt 428ci Cobra Jet V8 paired with a four-speed manual transmission, and the car is finished in Wimbledon White over vinyl upholstery.
The GT500KR convertible featured a standard roll bar and was differentiated from the stock Mustang by its fiberglass hood with a functional ram-air scoop, grille-mounted Lucas foglights, quarter panel extensions, side scoops, a decklid spoiler, and Thunderbird taillights with sequential turn signals.
This example was repainted in its factory Wimbledon White (M) during the 2010s refurbishment and is equipped with blue GT500KR side stripes as well as a Cobra Jet fuel cap and fender badges.
The 15″ Shelby alloy wheels are mounted with Goodyear Speedway white-letter bias-ply tires.
A matching spare wheel is mounted in the trunk.
GT500 models utilized an upgraded suspension system with heavy-duty coil springs and an anti-roll bar up front in addition to heavy-duty leaf springs out back.
The shock absorbers were also uprated compared to a standard Mustang.
Power-assisted steering and front disc brakes were equipped from the factory.
The cabin features bucket seats trimmed in Saddle vinyl with a matching rear bench, door panels, and center console.
The Interior Décor Group adds simulated wood-grain appliqués on the dash, center console, and door panels, while Shelby-specific equipment includes a Cobra Jet dash badge, a blue- and white-striped shift knob, an embossed armrest, and lap belts with inertia-reel front shoulder harnesses.
A Ford/Philco AM radio is fitted in the dash.
The two-spoke steering wheel with a Cobra hub and a horn ring is mounted on a tilt-away steering column ahead of gauges including an 8k-rpm tachometer and a 140-mph speedometer.
The Visibility Group package included under-dash courtesy lights and illumination in the glovebox, trunk, and engine compartment, along with a glovebox lock.
Just over 72k miles are shown on the five-digit odometer.
