Here's the question: You're a young college kid, but schools out for summer so you have an abundance of time. You have a budget of $7500, and you want to buy and build the fastest damn car you can. What would you start with, what would you build, and then what would you do with it?
Personally, I'd start with an older, carbureted, long bed, kinda junky pick up like an old C10 or F100. They can be had for a couple grand, lets say $3000. A cam, intake, heads, headers, and carb later and I'd have a tire scorching 400+ hp truck (I'm envisioning starting with a SBC). Any left over money can go towards rubber for the truck to get a little handling out of it, but it'd be a stop light to stop light warrior.