A dohc v8?
The only Ford motor that meets that description would either be a Cobra or Lightning motor. Grab a pic of that and post it, and we'll try to get you some more info about it.
Did the speedometer work when you bought the car? That doesn't seem like a real good sign, I would look at the receipts you have and check the date/mileage numbers on things.
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1997 Mustang GT "The Freak" - 13.80 @ 101.70, 2.07 60'
1995 Honda VFR750 - not much @ really fast (actual data pending.)
1964.5 Mustang 289
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