Back in the early 80's I have done it. But alot of things fell into place to make it happen. I dug the file out of this truck.
I picked up a 1948 Ford pickup for $500.00. This truck was setting in a barn sense 1959. It needed every little body work and the floors and the front fenders were in good shape with was not common for those trucks. ( The bed from this truck is being used for my Model T rat) Made a wooden bed like the factory bed.
At the same time my uncle had a 1971 Ford that would not pass inspection (rusted frame) so he gave it to me. The car had a 351W/C4 trans, with 75000 miles on it. I used the Motor, Trans, wiring, Steering Column, Trans mount, driveshaft and some other odds and ends from that car. also used the sheet metal for patch panels
The items I had to buy were.
U-Pull-It lots
1971 9 inch ford truck rear $35.00
79 T bird seats $25.00
69 Mustang steering box $25.00
NEW;
Motor Mounts $65.00
Front cab patch panels $55.00
outlaw II rims $150.00
Tires $175.00
Wood for bed $120.00
Brakes/hardware $150.00
Shocks $100.00
Paint S/W indust. Lacquer $35.00
Windshield rubber $35.00
Rear window rubber $25.00
Side windows channels $85.00
Body filler/Materials $60.00
Shackle kits $45.00
Axle U bolts $20.00
U Joints $30.00
Machine Work
Drive shaft $85.00
Misc. $175.00
Others free
Primer Lacquer
Lacquer thinnner
Total $2440.00
If would not have been for the free car or I would have upgraded the suspension I could not have done it. That was in the early 80's Today it would not be possible.