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Have you looked it over good? Straight? Solid body? Paint still on car or is it like my 81 (see my albums)? Etc. $500 is decent if it is in decent shape.
I'm compiling my "todo" list for the 81 right now. You could get it going for a nice small budget depending on how radical you wanted to go. I'm going big block 460 based with 500+ cubes...so mine is piling on the cost quick.
__________________ Official Mustang Evolution Lake George Meet 2009
2.2L KB Supercharger, 4#, Billetflow Single Blade TB, JLT Carbon Fiber RAI, Nazty Performance Ported Lower Intake, Bassani Midlength Headers, O/R H-Pipe, Borla Stinger Catback, Tuned by RWTD --- Numbers coming soon...
Which is fine cause I'm not building mine for the strip...mine is being built for the street with a few strip plans each year...maybe. It's not being built for the quickest time...it's being built for the best low end since that's where I will be driving it most often. Not to mention, it will be a 6 speed since it will be a street car.
__________________ Official Mustang Evolution Lake George Meet 2009
2.2L KB Supercharger, 4#, Billetflow Single Blade TB, JLT Carbon Fiber RAI, Nazty Performance Ported Lower Intake, Bassani Midlength Headers, O/R H-Pipe, Borla Stinger Catback, Tuned by RWTD --- Numbers coming soon...
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96 GT-PI head swap,Dr. Gas O/R X,Magnapack catback, MAC fenderwell cai, Eibach sportline springs, KYB struts/shocks, 17 inch black FR500's, Saleen bodykit with S281 wing, BOI headlights, smoked tailights, 3 inch cobra r hood, slight weight reduction. 5.4 dohc coming soon.