Buchanan Cobra number 1 was known to be sitting in an industrial shed in
Warners Bay awaiting restoration as at November 2006. Buchanan Cobra number 3 is a complete running car and is raced through the Victorian Racing Register on a regular basis in Victoria as of May 2007. Attached is a current photograph of Cobra no.3 being raced at Sandown in November 2013. car is owned and driven by Paul Schilling a member of the Victorian Racing Register and residing at Healesville in Victoria. Cobra number 3 has recently undergone a facelift, an engine rebuild, a paint job, electrical sorting and has appeared at Phillip Island, Sandown, Briant Park and Rob Roy hillclimbs and 2014 could be a big year for this cobra.. "Wally Mitchell's"
MGY-based
Holden-powered Buchanan is currently undergoing a full ground up restoration by current owners Mathew Liersch and Clark Watson with an estimated completion date set for 2011. ==References==