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Not terribly uncommon but I'm planning to just buy a Lexus LS460 as a donor, there's enough of them around here in Ireland thanks to the Celtic Tiger and nobody wants to pay the tax on them anymore so they're not expensive. I saw one sell recently for about €4000 for a fully functioning road legal car with not outrageous mileage.
Yeah, 400bhp ain't exactly sluggish! Sounds like a fun project. How common are the engines?