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That's roughly what a professionally-built conversion/respray job goes for over here - I know as I emailed an advertiser asking about their cab car conversions a while ago and had a bit of a shock. Having now got about 60% through building one myself (bodywork and underframe surgery complete, underframe painted, body still needs yellow cab end and blue bodywork as well as some detailing) I can understand why they charge that much - if you thought in terms of paying yourself a minimum hourly wage it would soon mount up. Materials for this particular one cost me around £20 or so, add in 20hrs work and even if you only considered your skills worth £1/hr (minimum wage for most jobs here is about £4/hr) you'd be up to £40 already. If the workmanship on the caboose is good, then I'd say that's a fair price.
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