My car was $2120.00 plus the price of parts.
The black car was $400.00. Now, before I glorify/hype it further with the label (misnomer) of "race car", I'll clear things up now with these two links:
first off, remember that this was a rolled car
http://www.motorworld.net/forum/showthread.php?t=54287
secondly, remember that it hasn't yet cost us 500 dollars
http://www.24hoursoflemons.com/
We're going for Thunderhill in December. We would have raced at Pahrump but it was cancelled after some miscommunications.
Assuming the car makes it through mostly intact, well find a new home for the drivetrain (the possibilties are pretty open . . . another fox body, an old 60's V6 Mustang, Factory Five Cobra etc etc.)
Also, if it turns out the car would somehow pass safety inspection (ie hide crash damage and/or show that the chassis is somehow straight to the NASA/SCCA type folks) it could become a legitimate track car that we might lug up to the streets of willow every now and then.
On a more hopeful note, the most tempting thing to modify on my red car would be the exhaust as the stock pipes are pretty holy. It did pass smog like a champ though, so there's no urgent need.