At this year’s SEMA Show in Las Vegas, Ford Performance pulled the cover of their newly minted 2016 Cobra Jet Mustang. The factory built turn-key drag car, is in production now and comes to race tracks next season.

Like those that came before it, the 2016 Cobra Jet Mustang is for the track only, and certified for National Hot Rod Association Stock and Super Stock drag racing, as well as classes in the IHRA, NMRA, and NMCA.

And while it will be a hot ticket for racing, it’ll be collectible too with a planned production of only 50 units. Coming in two colors Deep Impact Blue and Oxford White, only 25 of each will be made, making it very collectible.

The Cobra Jet Mustang’s build starts at the Flat Rock Assembly Plant in Michigan where bodies in white are pulled off the line and sent across town to Watson Engineering. There, the bodies are light-weighted and strengthened with lots of tubing and a full 8.5-second certified roll cage.

A full racing chassis makeover is done including coil-overs at all corners and a four-link solid-axle provided by Strange Engineering. This makes it the only factory-built Mustang to have one. There’s also an Aeromotive fuel cell and a Ford Performance T4 three-speed automatic transmission.

This brings us to the engine which is essentially an Aluminator 5.0 crate motor with a number of tweaks and topped with a huge 2.9 liter Whipple supercharger. It’s also got American racing headers and an electric water pump among other things.

Power? Well that’s not officially published, but it is rumored to be around 1,000 horsepower based on historical data with the last couple years of Cobra Jet Mustangs. And this one Ford says is certified for an 8.5 second quarter-mile.

Making the Cobra Jet special is its factory-backed engineering and build, which Ford says includes 75% production parts content. And with most of its parts available in the Ford Performance catalog, most people can build their own cars based on many of its bits.

But if you want one out of the box and ready to race, you need to get busy. They are on the line now with the first cars ready for delivery after the first of the year. Pricing starts at $99,990 with lots of options including those graphics and a wheelie bar.

Remember though, this isn’t a street legal car. It’s sold on a bill-of-sale without a VIN. But chances are if you can afford this thing, you know this already. And, you likely already have a deal in place with your local Ford Performance dealer for yours.

And if history is any guide, the production car number one will cross the block at the Barrett-Jackson Scottsdale Collector Auction with proceeds going to charity. Just a hunch.