Hey everyone - I'm a long-time member of the forums but have not been on here in a good long time. I am just finished with college, found a job and I finally have the funds to begin working on my 1965 200ci mustang coupe automatic. I've had this car since 2005 and all I have done to it is install a new carpet.
The car is about 90% perfect - interior is great, body is completely solid (it looks like it may have taken a slight bump to the rear at some point). Only complaints is that the car was painted in a garage (5 footer) and there is some rust in the footwell area of the floorpan (a few pin-sized holes that I patched with bondo - i know its not the right way, just didnt have the funds!)
After driving the car a few times I decided that I really need more power. The 200ci motor has some low end grunt but thats about it - worst of all it sounds like a tractor.
My plan is to convert this car over to a 1987-1993 5.0 HO with a T-5 tremec. I want the car to be streetable, reliable and also have the ability to do some autocrossing/ track days. This means suspension and brakes are going to be as important as the powertrain.
After doing some research on the internet and pricing out the setup that I liked it came to almost 15,000. I know that I have to replace basically all of the suspension components and brakes but DAMN!!
So this got me thinking, since I need an Engine complete with harness and ECU, transmission/bellhousing/clutch, rear end, 5 lug wheels and tires, driveshaft etc. why not just buy a 87-93 mustang that is in decent shape??
I was able to find a few cars (including a 1989 saleen with a built 347, Powerdyne and built T5 with reciepts: Price Reduced 1988 Saleen Mustang
) for under 6k that were decent. That way I know the engine runs, trans
works etc - that way I dont build the car, turn the key and end up with a turd. I could then have a roller that I could sell or trade for more parts.
Has anyone gone this route? Are there any other parts from the fox car that I could salvage (brakes? the saleen has 4 wheel discs and 5 lug spindles)? I'm trying to figure out if this is a viable option. I want to do this as inexpensively as possible without cutting any corners - i plan to do all the work myself except any welding.
Sorry i'm so long winded - just wanted to be sure I asked questions that will result in good answers!