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I was looking at a 390 Mustang GT S Code Coupe, it has the 390 engine that needs rebuilt. Body and frame is in good shape needs a few rust spots fixed on the body and needs restored. I was wondering around what I should be looking to pay for a car like that.
I think you mean frame rails because it has no real frame its a unibody,Pictures will help a lot on what is it worth.But make sure all the vins match the dash one the under hood one and the door tag.
I would only dedicate the level of work required to restore a car like that to one I thought was really worth it in the end, for me that would be a fastback.. But if you think you would really love this car and would be extremely happy with it then by all means go for it. Otherwise, continue to look around a little more.