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Dave,
I would agree with Patrick, wait and try to save up a little more money. It will be tough to find something in that price range that will be "arrive and drive." It will more than likely have a lot of donor parts and you will have to go through it thoroughly to see what might need replacing. It is possible that you could find one in which the owner is desperate and needs some cash to get out of the car.
Not sure on how you plan on financing the purchase, or if you plan on paying cash. Very few banks will allow a car loan on a custom built vehicle. A lot of people pay cash, use some retirement money, or a home equity loan to purchase their vehicle.
You probably will not find too many cars on this site or Cobra Country for sale in your price range. You could check yor local Craigslist and see.
Good luck and let us know what you decide on.
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