[chris91LX]

As first mods, I'd do:

Assuming the stock Mustang is in good shape and nothing NEEDS to be replaced.

Exhaust
BBK long tubes and h - $390 (new)
2 1/2 " cat back - $250 (new)

Suspension
Upper and Lower C/A's - $250 (new)

Drivetrain
gear 3:73, 4:10 - $180 (new)
short throw shifter - $190 (new)

Induction
65 or 70mm tb - $250 (new)
76mm maf - $200 (new)

Fuel
Kirban FPR - $70 (new)

and a set of drag radials $230 (new)

scrape a few more bucks together and get a set of sub frame connectors for about $90

These are all "new" prices, as Jason (1Bad89) mentioned earlier, you can find many of these parts used on the internet for much better prices.

This setup will get you into the 13's easily and is setup for the power package Jason listed earlier. You throw heads, cam and intake onto this setup and your deep into the 12's for sure.