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I don't want to discourage you, and I know you want to custom build something, but I'm going to suggest buying a beater / small car. You can go out this weekend or within the next week or two and just buy one. Maybe you need to do a little repair work, but bingo bango you got a 40+ mpg car. With some modification you might get it to 50 mpg. You start saving money immediately.
Now, if you go the custom route, you're going to buy a chassis, or start making one. A year or two later you might even have a vehicle that works alright. But, you never know. All that time you're still driving the stang around and it is eating into your custom project money.
I'd start with a small car.
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