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an older Mustang GT (302/T-5) ..
Pure win. My goal also after we're done having babies and get settled into a new house.
Probably an 89 GT. From what I understand, they had the forged pistons and maybe throw on a Magnaflow and Procharger.
Nothing too stupid. Just good power, clean sound (inside and out) and fancy up the outside with some 18X9 and 18X10's with a good polish job.
Should be able to blow 500hp for less than $10 G's.
I learned to drive a manual on my dad's Mustang GT (302, T-5, vert, 3.54's, short-throw shifter, modified clutch, Trac-Lok, lowered, braced, etc) and Mustangs have always been in the family. I'd love to take a 302, do some basic mods to it and just have a fun car to drive while not paying out the ass for it.
You can get 500HP easy. 302 -> 338 or 347, blower, headwork, good to go.
The guy that got me into Mustangs was a good friend of mine named Allen. He had an 89GT he bought from his dad.
It had the GT40 302 Aluminum block, lumpy cam, 10psi Procharger, Cobra intake, and the Ford Performance heads.
He added 3" offroad exhaust, Flowmasters, and an X-pipe. It was the old Procharger before they went to "silent drive technology," so between the exhaust and that whining SC, it sounded retarded.
I LOVED that car. Clean inside and out. He had the SC on it when he bought it so when I bought my bone stock 90' LX 5.0, since he had never driven a stock 5.0, he said if I let him drive mine, I could drive his.
Un. Real. I ended up with most of his extra parts on mine. Underdrive pulleys, short throw shifter, new plugs and plug wires, ect.
Still one of the funnest cars I have owned. And I have owned some cool cars. I think I had about $4500 in it including the 17X9 Cobra R's and BFG Comp TA's.
IIRC, he estimated it at about 650hp.