The renewed interest in hot rodding in the past couple of decades has led to a resurgence in cool, interesting cars from different eras in America’s automotive history. Just prior to the outbreak of World War II, American car companies were putting out some truly beautiful and innovative vehicles.

Cars like this 1940 Ford convertible up on eBay remain appealing today, and with some modern hot rod-reasoning, it easily welcomes a modern Chevy 5.3 liter V8 engine. Now we don’t have to tell you the benefits of choosing a modern fuel-injected V8 engine over an old, original Flathead Ford. The seller claims that 20+ mpg is easily attained with this odd droptop thanks to a four-speed overdrive transmission. Naturally, a Ford 9-inch rear end is out back, and a comfortable ride comes from the Air Ride suspension system. A custom-built chassis helps bring this ride even lower; even the exhaust system is run through the frame to allow for epic levels of lowness.

The auction ended yesterday with the reserve not being met at over $33,000. Sure even that’s a lot of dough for such a rough looking car, but that was probably the look the owner was going for. Then there’s the fact that you can add your own finishing touches and either restore this car proper like, or go balls-out rat rod style. The choice is yours, as all of the mechanical work has been done for you. With so many styles out there, what, if anything, would you do to this 1940 Ford?