First of all, I am familiar with the mustangs in general, I owned '02 gt and '03 cobra previously. I loved my cobra, best car I ever had, for about $1200 my dynograph went from 405 to 493 and ran a 1/4 in 11.9 on 17 tire, that’s includes everything, from pulley to a new ram clutch and fidanza flywheel. I had to sell it because I was buying a house and needed extra cash. Honestly I am not big fan of gt's, you can get up to about 500 rwhp and anything more would cost you some serious $$$$$, cobra on another hand is best value out there but I cant get one right now.
Second, when I sad I didn’t do enough research I meant on the whole s197 platform, and particularly on the vehicle I just purchased. I know that it is so called "ELEANOR" basically a GT with a kit and some rims, I think this one in particular was done by Bob Curgan Classics from FL, the whole kit was a $14-16000 option. And no I didn’t get for $40+ k, I got this car from the auction for $8000, it is a salvage vehicle that was hit in passenger front corner. I think I can get it put together for another $5-6k, and at the end have a '08 gt with Eleanor body kit, 32k miles extremely clean in and out for under $15k.....