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He could if he would have put all this money on mods on top of selling his car.
Hell no, there's a huge difference between owning a v6 and "selling and buying an LT1" With a v6, your insurance is outrageous. With a v8, it's impossible. While he's spending 500-700 at once for all those parts, he's getting 100HP more out of that and still having a v6 than paying that 500-600 MORE on insurance every month or two. One time fee for the parts or spending that much on a regular basis for insurance...