If you are comparing a 2004 360R to a cobra, there was no 360R in 2004. Now if you want to compare a 2002 360R to a cobra, they are pretty comparible in performance stock. But as we all no the cobra has a way better motor than a GT (4 valve vs 2 valve, sohc vs dohc). Not to mention you can easily get 500+ hp from a cobra, where you would have to build up the GT motor. I like the 360R if I was not planning to get alot of performance out of it. You dont see them that often, and you can get them at a pretty good deal (unfortunately for us ROUSH owners). I see cobras all over, so its what you want. Good luck!