1994 PANOZ ROADSTER
Whats Under The Hood?
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Description
Summary
Powered by a Ford 225hp 5.0-liter V8 engine paired with 5-speed manual transmission. Green exterior with tan interior, 4-wheel disc brakes, Traction-Lok differential, 16-inch alloy wheels and BFGoodrich radial tires. With 6,138 miles (title reads exempt).
Details
This 1994 Panoz roadster is powered by a Ford Mustang 225hp 5.0-liter V8 engine paired with a BorgWarner T5 5-speed manual transmission. It rides on an independent front suspension and a solid rear axle. It is finished in green with a tan leather interior with a matching snap-on tonneau cover. In addition, it is equipped with power 4-wheel disc brakes, a Traction-Lok differential, an analog speedometer and 16-inch alloy wheels fitted with BFGoodrich radial tires. The Panoz Auto Development Company of Braselton, GA, was founded in 1989. Don Panoz, who made his fortune developing the nicotine patch, provided the financial backing for his son Dan to build a no-frills, lightweight sports car. The younger Panoz purchased the rights to a chassis designed by Frank Costin and previously used in the defunct Irish sportscar called the TMC Costin. Panoz then secured Freeman Thomas to fashion a Lotus Seven-inspired body for the car from aluminum panels. The car was launched to the public in 1992. Interestingly, the Costin chassis never underpinned the Panoz roadster: Early cars used a TIG-welded stainless-steel tubular frame, along with extensive use of CNC machined and stamped parts. The first 10 cars were hand-assembled with a seven-man crew; additional production personnel were later added. This is one of six cars built in 1994 of the total 44 produced between 1992 and 1995. With 6,138 miles (title reads exempt).
Financing
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Monthly payment of $549.20 based on a purchase price of $50,000.00 with 15% down and 9.47% APR financing for 120 months. Monthly payment of $926.28 based on a purchase price of $100,000.00 with 20% down and 9.35% APR financing for 144 months. Monthly payment of $1,650.77 based on a purchase price of $200,000.00 with 20% down and 9.29% APR financing for 180 months. Rate with optional AutoPay (ACH Debit) discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay discount are 0.25% higher. Best rates are available for credit scores of 700 and above. TT&L may also be financed. Not all applicants will qualify. Rates and terms are subject to change without notice.