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  • Never-Titled car that's logged only 393 miles
  • 1 of only 10 Panoz 10th Anniversary AIV Roadsters produced
  • 4.6 liter Ford DOHC V8 / 305 horsepower
  • 5-speed manual transmission / Tremec T45
  • Air conditioning
  • 10th Anniversary-exclusive Navy leather interior / Modern Alpine audio
  • 10th Anniversary-exclusive Titanium paint and Navy cloth top
  • Fully independent suspension / 10th Anniversary-exclusive BBS wheels
  • Power rack-and-pinion steering / 4-wheel power disc brakes
  • Sale includes a copy of the car's Certificate of Origin and a Letter of Authenticity

Asking a car enthusiast about their dream car is always a risky proposition. Some won't hesitate to gravitate toward one particular model, but most will respond with a barrage of questions. What era? What country of origin? What price range? In reality, choosing favorites is becoming an increasing complex topic. That said, one thing is for sure: start asking about fun track cars and you'll eventually end up talking about Panoz. When it comes to blending power, customization and pure athleticism, few automakers can do it better. And this AIV Roadster, one of only 10 Panoz 10th Anniversary cars ever produced, is an uncompromising offering that surely trumps any of the aforementioned qualifiers. Never titled, meticulously maintained, and driven just 393 miles, this lightweight super star is barely broken in. And if you have fantasies of enjoying a modern take on coveted analog driving characteristics, it's the intense classic you crave!


Instantly identifiable by its cycle-like fenders, sinuous profile and sophisticated V8 roar, the Panoz Roadster is an all-American custom that essentially launched the Panoz brand. Back in 1988, Daniel Panoz had a dream of creating a line of hand-built sports cars that would champion superior driving dynamics while being reasonably easy to maintain. Fortunately, Daniel's vision just happened to coincide with the closure of an Irish outfit that produced a car called the TMC Costin -- a roadster designed by prolific automotive engineer Frank Costin of Lotus and Cosworth fame. Seeing the merit in Costin's chassis, Daniel quickly acquired the rights to TMC's design. He figured he could work the car into a focused, lightweight track specialty that hardcore driving enthusiasts would covet. In traditional American fashion, and with the help of TMC chassis engineer Mick Murphy, Daniel began re-engineering the platform to swap its tidy Ford 4-cylinder for a raucous Ford V8. Not surprisingly, the reimagined chassis took to TMC's original body like oil takes to water, so Daniel hired Freeman Thomas, a designer now known for car's like the VW Beetle and Audi TT, to draw up some fresh digs. It wasn't long until Panoz was an official company, and Daniel and a handful of employees started hand-assembling cars in a shed… Yes, their facility was literally a former Georgia D.O.T. salt storage shed that was located on the outskirts of Atlanta. So, was the first Panoz Roadster, a car fitted with a stainless steel space frame, a Tremec T5 5-speed and a proven Windsor V8, worth considering? Absolutely! Especially since all that high-limit, American-style performance had been shoehorned into a car that was smaller than a Miata, cost less than a Corvette and could be easily serviced at your local Ford dealer. But, Daniel Panoz wasn't done yet. He had big plans to move his company from a sideshow attraction to the Main Stage!

Enter the Panoz AIV Roadster, aptly named because it was America's first Aluminum Intensive Vehicle. Joining forces with engineers from Alcan and Alumax, Panoz had developed a roadster that consisted of approximately 70% aluminum construction. Additionally, the firm had adopted the best off-the-shelve components from Ford's new at the time SN95 Mustang and increased the size of the roadster's cockpit for a more comfortable driving experience. All the sudden, 'the dude with the shed in Atlanta' was producing cars that ran with, and often bested, the most impressive sports cars and exotics the world had to offer!


Sporting a superformed aluminum body, this sleek roadster certainly grabs attention. It's no secret that the car borrows heavily from Lotus's legendary Seven, especially since the TMC Costin was essentially a Seven knock-off. But, like the rest of the concept, its appearance has been heavily Americanized. Up front, polished overriders lead a contoured Bull Bar, which floats between polished headlights, amber parking lamps and Prowler-like cycle fenders. Between those fenders, a “Panoz” branded hood bends a prominent scoop around the car's big engine while a traditionally vertical windshield anchors optional wings beneath a Navy, 10th Anniversary-exclusive top. Opposite that top, an organic and muscular profile centers small doors behind tinted mirrors and mesh heat extractors. At the back of that Morgan-esque mug, Cobra-esque haunches plant tubbed fenders at the sides of a chrome-trimmed trunk and a second Bull Bar that's complete with more polished overriders. And everything is enhanced by 10th Anniversary-exclusive Titanium 2-stage that's right at home reflecting a curvy road or a summertime car show!


At the track, the Panoz Roadster was already so spry that it didn't even need sway bars, so the primary focus of the AIV update was transforming 'good' into 'best'. That translated to swapping the car's proven steel chassis for an extruded aluminum space frame that featured steel subframes. The new chassis stretched the car's wheelbase an additional six inches, but it still measures in at roughly the same overall length as a Mazda Miata. The front suspension, predictably independent, centers the Mustang Cobra's fluid power rack-and-pinion steering between polished control arms and Penske coil-over-shocks. The rear suspension, a Ford 8.8-inch solid axle set-up under the Roadster, was switched to a 1990s Ford Thunderbird independent set-up for the AIV. Stab the throttle and power spins through a Ford-sourced Tremec T45 5-speed. Step on the other pedal and you'll encounter power-assisted Mustang Cobra calipers, which squeeze a combination of 10 and 13-inch Mustang Cobra rotors. Emissions-compliant exhaust bellows through glasspack-style mufflers and polished stainless tips. And everything rolls on chromed BBS alloys, which crank 10th Anniversary center caps inside two 245/40ZR18 BF Goodrich g-Force T/As and two 295/35ZR18 BF Goodrich g-Force T/As.


Did we hear someone say “power”? Oh, there's power… LOTS of power! The original Panoz Roadster did well with Ford's proven Windsor 302. The engine was quick, reliable and easily serviceable. However, in light of a new chassis the focus was to reduce weight and increase performance, it seemed only logical to find more power. With that in mind, Ford's 4.6 liter DOHC Mod Motor, best known as the heart of SVT's incredible Mustang Cobra, was the perfect fit. All-aluminum and professionally hand assembled, the 32-valve mill mixes tumble-style heads with aggressive cam profiles to twist a stout 305 horsepower into an even 300 lb./ft. of torque. Like all modern Ford eights, the lightweight champ ramps up in a smooth rush. In addition to professionally polished cam covers and fuel injection plenums, the V8 features a virtually perfect OEM appearance that looks as classic as it is technical. The compact engine bay is exceptionally clean, with nothing out of place and no signs of significant wear. And from a quality standpoint, Cobra wiring joins a Cobra ECU to mix OEM-level reliability with the spirited idle that Ford pony cars have made famous.


Extending the wheelbase of the car had a very positive effect on comfort and livability. Track-focused roadsters are purpose-built for short drives, and this 10th Anniversary AIV certainly makes the best of that time. Front and center, French-stitched seats feature taut Navy leather. In front of those mitts, a French-stitched dash wraps more Navy leather around Mustang Cobra telemetry and Mustang Cobra air conditioning. That billet-tinged air, and those carbon fiber-seated gauges, shade modern Alpine audio, which rides in front of a short, Panoz-capped shifter. Beneath that shifter, a narrow console rides like-new carpet, which frames metal Panoz foot pedals. At the sides of that carpet, French-stitched door panels border simple handles. In front of the driver, a flat-bottom Nardi steering wheel laps a tilting Mustang Cobra column. And a small trunk features a surprising amount of storage space.


* A copy of the car's Certificate of Origin
* An original Owner's Manual
* An original PPG Paint Performance Guarantee
* Literature for the car's Alpine audio system
* A Letter of Authenticity from the Panoz Automotive Group confirming the car's 10th Anniversary status

Panoz has established a short but impressive reputation for selling some of the world's wildest specialty cars. And this spirited drop-top, one of only 10 Panoz 10th Anniversary AIV Roadsters ever produced, is the perfect opportunity to experience the tenacity of the brand! Never titled, and driven a mere 393 miles, the car has been operated just enough to keep its vitals in good shape. And the combination of its acute athleticism and 5-speed, 305 horsepower drivetrain is guaranteed to entertain for years to come. If you're looking for an uncompromising thrill machine that's raw, exclusive and ready to roll, don't miss the chance to claim this incredible roadster!



* Never-Titled car that's logged only 393 miles
* 1 of only 10 Panoz 10th Anniversary AIV Roadsters produced
* 4.6 liter Ford DOHC V8 / 305 horsepower
* Tremec T45 5-speed manual transmission
* Modern air conditioning
* 10th Anniversary-exclusive Navy leather interior / Modern Alpine audio
* 10th Anniversary-exclusive Titanium paint and Navy cloth top
* Fully independent suspension / 10th Anniversary-exclusive BBS wheels
* Power rack-and-pinion steering / 4-wheel power disc brakes
* Sale includes a copy of the car's Certificate of Origin and a Letter of Authenticity

This vehicle has been sold. Fill out the form below to be contacted by RK Motors when a similar vehicle is available!

$299.00 Dealer Administrative Charge is not included in advertised price. All prices and offers are before state, city and county tax, tag, title and license fees. Out of state buyers are responsible for all state, county, city taxes and fees, as well as title/registration fees in the state that the vehicle will be registered. Dealer not responsible for errors and omissions; all offers subject to change without notice, please confirm listings with dealer.

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1999 Panoz AIV Roadster 10th Anniversary Edition

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