Yes, it is possible, but It doesn't have to be. I built my 66 Valiant to prove that point. Had the car at the track (granted not street legal) for a total of about $1500 (including buying the car). 1st weekend out (over 3 days) got the car in the high 13's. Currently have about $3,000 in the car, and it runs mid 12's. All depends on what your goals are, and you're building ability's, and whether you need/want the latest and greatest "trick" parts