As the owner of 2 classic Mustangs, I can tell you that you don't need to be a millionaire to own one. I paid $10k for one and spent another $15k on restoration for a rust-free car. I could have gone a cheaper route and spent about $6k with the engine/carb/tranny/rear end rebuild but I also went with virtually all original parts. I didn't paint it, either -- or it would be a show car I'd never drive.
You can pick up a nice California rust-free classic 'Stang for under $15k and if you need financing (I didn't) you can go to JJ Best Banc -- 5% for older cars. Check the Hemmings Motor News website for some awesome deals. (Careful with eBay, tons of cars people don't own are being auctioned).
I get about 22 mph with an inline 6 (stock). It goes into winter storage in another week or two (cry).
I paid under $40k for my goat, which is the price some of the newer cars cost.
