I painted it myself so it wasn't that expensive with free labor.

If I was to do a paint job like that for a customer, it would probably be around $3500.
For the drop, it really depends on the size of wheels on the car and how low (or big) the kit is. My kit isn't very low compared to some of the others for the Lude. For example, with 18's and the Xtreme kit I'd say you can go down about 2.5 inches without having to worry about scraping everywhere...