Tom, $8000 "may" do it if you do EVERYTHING yourself...imo. I paid $8000 for a running car, a 16 yr old drove it to school, trashed it... I have since painted it ,replaced many parts , had some done by others...now have about $26 k in it.....its not 'perfect' , but a nice car...its also a former 350 car, PO had replaced engine to a 400, I kept making it look like 400, hood ,emblems etc...my suspicion though is that you`ll end up spending an amount closer to $16k than the $8k......I started my resto on this as kids were in college too, but figured I could do it as they had also been in private HS`s before... good luck to you!