10-4. I'm on board with all the posts thus far. I too am in for $10,500 before paint... that's why it's getting mechanical and interior (buckets are a luxury!) goodies rather than spit and shine. I'd rather put $400 a month in parts into an old ride than $400 into a car payment.
Figure this also.. driving and maintaining an old ride on the road is actually more environmentally friendly than buying a new car/truck every few years. Our 41 to 46 year old trucks has been amortized over time in terms of production energy, materials, and labor ... it's actually less expensive to hold and maintain over the long haul.
Let's look an example in really in simple terms... Weight and energy. One truck is about 4000 pounds of material (steel, rubber, oil) and required 100 units of energy input to manufacture (labor, drilling, mining, electricity, natural gas). If we bought a new truck every five years for the last 45 years... that's nine trucks or 36,000 pounds of material and a cost of 900 energy units. That's more mining, more drilling, more shipping, more labor, more of everything.
So when some self righteous greenie driving a hybrid in the next lane leans over says we're killing the planet by driving an old truck that gets 10 mpg, you can use this argument against them.. they are usually a little miffed because their argument doesn't hold water. Then flip 'em the bird and do a nice smokey burnout.

70 F100 LB 2WD, 360FE, E-Street EFI, TKO-500, 76K original miles.. follow my rebuild:
The Lo-Buck Bumpside
71 F250 LB, 2WD, 360FE, T18, PS, PB, D60 with 4.11s
73 F100 SB 4WD, 390FE, NP435, +4 on 35s
01 Ferrari 360 Spider F1
01 F150 SuperCrew Lariat 4WD
01 PT Cruiser Limited (DD)
68 Mustang
65 Mustang