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.
Just over 72k miles are shown on the five-digit odometer.
Total mileage is unknown.
