I owned this beauty for 14 years before selling it last summer:
I covered over 32k miles in it, mainly on my annual European tours, and it was easily the best car I've ever owned - the 400 BHP 383ci (6.3l) Chevy V8 came into its own on Alpine roads. It never failed to turn heads wherever I pulled up, and with those straight through sidepipes it truly was the sound of thunder!
Sadly, the roads round my way had deteriorated so much over recent years that driving such a high powered, lightweight and low slung monster on them was becoming less and less pleasurable (no modern traction control, anti-lock brakes etc.) - so it got to the stage where the only use it was getting was on my annual 2500-3000 mile trips to the European Cobra meetings. At around 20mpg max (single figures on mountain roads!), the fuel costs were getting more expensive each year. In addition, though it was exhilarating to drive, the concentration required was tiring, limiting the daily driving time to around 5 or 6 hours - which that meant more overnight stops en route, and therefore higher hotel costs.
On top of that, with all the modifications I'd made over the years (a kit car is never finished!) the car was exactly as I wanted it, so tinkering was reduced to normal maintenance. I therefore made the tough decision to sell it, and bought the Z4 instead. After placing the order for the Cobra build I visited various main dealer showrooms to get inspiration for the colour scheme, and a sterling grey 3.0i Z4 had pride of place in the local BMW showroom. It was love at first sight - and I very nearly cancelled the Cobra order to buy the Z4.
But I stuck with the Cobra - and I'm glad I did, as nothing compares with driving a totally unique car. But, although it's in a different league, the Z4 is an excellent substitute, and I haven't missed the Cobra anywhere near as much as I thought I would. It had just 4200 miles on the clock and was literally in "as new" condition. So I've effectively had the best of both worlds - 14 great years of Cobra ownership, and now some new adventures with the car I very nearly bought instead - Covid permitting of course!
So, Cobra replicas are great cars - and although you are indeed looking at £35k+ for a good example with a large yank V8, they hold their value really well.