Leno “doubles the mileage” on fellow comic Iglesias’ 1994 Mustang SVT Cobra

Gabriel “Fluffy” Iglesias waited 29 years to get the car he lusted after in high school. So you’ll have to forgive him if he gets a little excited about his 1994 Ford Mustang SVT Cobra.

It was clearly worth the wait.

Iglesias brought his newly acquired—and practically brand-new—Mustang SVT Cobra to Jay Leno’s Garage, and it was difficult to tell whether Jay was more blown away by the car and its ultra-low mileage or the fact that Iglesias actually graduated high school.

“Original and unrestored … only 12 miles from new,” Jay says, introducing the car before he then introduces his fellow comedian. “Also original and unrestored …”

“Much like the car, I have only 12 miles on me,” Iglesias jokes.

“It’s a hard 12 though,” Jay quips, “A lot of potholes.”

Jay explains that Ford built five 1994 Mustang SVT (Special Vehicle Team) Indianapolis 500 pace cars and 1000 additional replicas, one of which now belongs to Iglesias, who bought this one from a collector who started it regularly but rarely drove it. The Cobra features a 302-cubic-inch V-8 that produces 240 horsepower and is mated to a five-speed manual transmission.

“Let me tell you what’s so special about this car for me: 1994 is my (graduation) year,” Iglesias says. “This one is the car I wanted, but I couldn’t get my hands on it. This is the car that everybody wanted.”

When Fluffy mentions Vanilla Ice, Leno appears speechless, but not for the reason Iglesias thinks.

“I’m just stunned that you graduated,” Leno says. “I can’t believe it.”

After more banter, Iglesias says that he’s considering taking the car to the Woodward Dream Cruise next summer for its 30th birthday. He also explains how the Cobra is essentially a new car.

“I basically took all of the plastic off it,” he says. The only work he had done was to replace the tires and the gas tank, just to be safe. “There’s absolutely nothing wrong with it … the car is perfect.”

The biggest difference between Iglesias and the car’s previous owner is that Fluffy says he’s going to drive it. A lot. In that vein, the two comedians decide to “go out and double the mileage.” Jay happily agrees to take the wheel.

Iglesias says he feels a little sad for the previous owner, who obviously didn’t fully engage with the Cobra.

“I’m going to enjoy this car,” Iglesias vows. “My version of ‘enjoy it’ is driving it.”

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