First off...it is my truck and we are negotiating with a few people right now who want to buy it. The truck is completly new from engine, transmission, rear ends, all powdercoating. That price unfortunatly is substantially less than what is in it. The motor would cost $40,000 (with fuel system) to build complete and the truck would bring 35-38K$ in stock form so everything else is free. I think there is over $2000 in plasma coating on the exhaust housings and other parts. After a full run on the dyno, you can touch the insulation on the firewall and it isn't even warm. We dynoed it this weekend and it is very impressive but the track time is needed to fine tune it. This isn't a hacked up stick welded truck! Everything is built and designed to last, and still be a dailey driver if needed. I know it's alot of money but trust me...it's cheap compared to what is actually in it.
As far as a mod truck, we have a list and to do everything right with a tube chassis and billet cylinder heads, paint, complete body is going to take between 150-200K. That is using a Barker chassis. It will take between 50-70K to do the engine and make it live. I have all the bugs worked out of the LMM and I would like to build a new truck but I can't afford 2 of them at this point.