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Like it was said before, it depends on how much you do yourself. Mustangs are really cheap to restore. Usually you spend about $2000 on interior upholstry, 2-10k on the paint and body and 2-10k on the drivetrain. Plus about $2000 on misc like suspension and brakes. Paint and engine work are the two places where you can cut corners or go all out.
 
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