I would have to say from a business prospective is GET THE CAr even if you cannot afford it right now. Do a speedy title (so you get it back asap) and sell the damn thing and make a $2-3K profit. if you dont, I will personally drive to CA and buy this thing to sell it back here in Chicago. 3 days is worth $3K to me no problem!!!
After you sell the car, take the $3K and use it as a down payment on a less expensive Mach 1 for sure cause I like Mach's better than Cobras anyways.
Also, I have been racing a long time, go AUTO!!!!!!!!!!!