12's are possible from a bolt on GT, but it is not as easy as many think.
micool has the right thinking. All the power in the world is useless unless you can get it to the ground properly.
Cars that run 12's with bolt-ons for power mods, have drag race suspensions. I get really tired of people using Bill as an example. Yes, Bill does not have a large amount of power mods, but his car is completely optimized for drag racing. As he said he in another post he has not left any stone unturned when it comes to making his car as fast as possible. What that means is that he has a 100% drag race suspension perfectly tuned, and has removed all unnecessary weight. His car only weighs like 3000-3100 lbs verses a stock cars weight of 3500 lbs.
If you want 12's n/a you will need more then 17" drag radials. You can do it on BFG 15" drag radials, but it will be a lot of work. The best ways is with slicks, preferable with skinnies up front. This will run you around $1100.
The problem is that slicks or any drag radial for that fact are going to grenade your rear end. So, if you are going to get gears you really need to up grade your axles and differential. I suggest any brand 31 spline axles and an Eaton posi. The Eaton makes a good street/strip differential. Pay the money now for this stuff. You are going to need it if you are serious at al about going 12's. This will run you around $1200 with labor.
I know this for a fact. I run 15 BFG drag radials and I had to replace the clutch packs in my differential once, after that I actually bent an axle. I am only running 13.3-13.4.
You should really do something with the suspension also. Actually a completely stock suspension is pretty good for the track. It squats more in the rear then it should for good launching, but it is soft enough to give you good weight transfer. If you want a lowered look s lot of guys like to use 4 cylinder springs up front and fox body springs in the rear. This will give you good weight transfer without the rear end squatting. You should really think about upgrading at least the lower control arms though. They flex way too much for good launching. They would run you about $250. Just remember that for every 0.1 seconds you can knock off your 60' time you will lose about 0.2 seconds off your 1/4 mile time.
Just the slicks, gears, and suspension will probably get you mid 13's. To go into the 12's you will then need some power. For starters you will probably need a full aftermarket exhaust: long tubes, off-road X/H, and cat-back. This is usually the best and easiest place to pick up a good amount of power. The long tubes may not be needed, but the will make it a lot easier. They are actually going to be my next mod because I want the 12's also
A set of under drive pulleys are a cheap way to add a few extra ponies.
To finish off the power increases you can do one of two things. Either get a timing adjuster to up the timing, or get a custom chip. The t/a is cheaper, but you will get better results from a custom dyno tune.
All that being said losing as much weight as possible from the car will make a huge difference. For every 100 lbs you shed off the car it is like adding 10hp. Bill's car is a good 400lbs lighter then a stock GT, and that alone probably gains him a good 4 mph in the quarter mile. Another rule of thumb is that every 1 mph increase in your trap speed is an increase of about 10 hp, or in this case 100lb weight reduction. For weight reduction there are a lot of little things you can do that can help such as remove the front sway bar, rear seat delete, after market seats, remove spare tire, aftermarket k-member, and a light weight battery.
I am not an expert, but my observations and most importantly my experience. Hope it helps
