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Jeff,
Don't misunderstand the replies. Sure, you can do a kit for under $25k - If you are able to do most all the work yourself and you keep to a very stock build.
If you start modifying and improving - then it can get to be very expensive very quickly. For example:
1. Yea most of the parts can come from the donor - some should be replaced no matter what like - brakes, water hoses, radiator, battery and so on. Depending on where you draw the line - I don't know $500 to $1,000 maybe more?
2. What about tires and wheels. Unless you stick with the Mustang wheels - figure around $2,500 for a decent set of replica wheels and new tires.
3. Your orginal post talked about rebuilding the motor. First decided if you are going EFI or carbuetor. Then depending on what you mean by 'rebuild' it's probably anywhere between what - $1,000 to like $10,000.
4. You want to upgrade the transmission and rear end. So assume used without a rebuild required. Still needs a new clutch pressure plate etc ? How much total -- again at least $1,000 to $2,000
5. The paint job - can become very expensive. Yea you can do all the prepwork yourself and do a MAACO paint job fairly inexpensively. If you get a top quality painter it could easily be $4,000 to $5,000 unless you do most of the prep work yourself.
6. This is all before you start purchasing upgrades - everything from suspension and handling to heaters and window wipers to soft tops and hard tops. Believe me, the UPS man will know where you live - he'll stop by often and every little thing you do will cost a few hundred dollars.
Jeff, again don't get discouraged. Yes, you can do a nice car- that is very close to 'stock' that is faster than most anything you will encounter on the street. A car that certianly can get the driver into trouble very quickly and capable of scaring the snot out of anyone in the passenger seat. And yes, you can do this on a budget.
It's just that most of us started on a budget and well let's just say we are not good accountants. ( And I happen to be a CPA - Oh well!) For me the formula of $ 25k times two plus 10% is closer to the reality.
Rich
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