240's can be made fast with either a turbo kit for the K-motor or you could (and i recommend) opt for the SR20 motor. 240's are more of a drifting car than a streetracing car. If you get a 240, go sideways with it, not straight line. If you want a "fast streetracing car" do the following:
1.) Find a light car with lots of aftermarket support
2.) Put a very large and powerful motor in the light car
3.) Get traction for the very large and powerful motor that you put in the light car so you can actually go fast and not just smoke the tires and look stupid.
"Rolex+650k a year+his very own tv show + Real estate broker + race team mechanic + rental fleet of 90 = a neon that still doesnt run." -BlownGTP
FastFive0 has a point, until you get some experience behind the wheel don't even think about making the car fast (for your own safety as well as the safety of anyone who might live in or travel through the town where you live). Learn to drive, and I mean right, not from video games, even if you have the force feedback steering wheel with the pedals. That shit is nothing like real life, and you don't want to go out and get yourself or someone else killed. Find deserted roads, preferably dirt roads, where you can learn how to control a real car, go to a driving school (like Bondurant if you can afford it, I've driven somewhere in the neighborhood of 200,000 miles in the nine years since I got my license and I could still learn from going there), then worry about having a good street racing car. Sorry to sound like someone's mother or something, but I've known people who have died from racing when they shouldn't have been, and I see stories on the news about it way too often (though really once is way too often). So learn to drive well, then get the fast car.
It's 106 miles to Chicago, we've got a full tank of gas, a half a pack of cigarettes, it's dark and we're wearing sunglasses.
High-powered RWD, then starting the turn you hit the ebrake real quick (that's the cheapo method) and then pop the clutch with the engine gunned. The wheels spin and smoke and you have fun. There are two different kinds, drift racing where you have a clock to beat in addition to the drifting and new (to the US at least) Formula D, just plain drifting with judges looking at the kind of drift, duration, speed while drifting, and overall style. Just the basics, there's a lot more out there to learn, so have at it, use google and other search engines to look for drifting, and even Formula D.
It's 106 miles to Chicago, we've got a full tank of gas, a half a pack of cigarettes, it's dark and we're wearing sunglasses.
well, if you don't care about drifting, there's the old standby of the civic. if you still want to drift, you could try to get a 1980's corolla with a 4ag engine (great engine, can be pumped up quite a bit). those should both be startable for your budget, even though they would need more money to get great. and there are more, but I'm not an expert, I just dabble, and work on my cars (scion tC and 1989 MR2).
It's 106 miles to Chicago, we've got a full tank of gas, a half a pack of cigarettes, it's dark and we're wearing sunglasses.
I'm 16 with a eclipse, and I will tell you from being around your age, you need to start off with a car like this.
I can keep up with civics and some nissans, depending on the mods they got
Just get a natural import (civic, crx, eclipse, 200-240sx, maybe a Acura) and get the natural Cold Air intake, Catback exhaust, a Header or Headers dependin on SOHC or DOHC, make sure you can drive a stickshift, and take it slow..dont go out the first few months thinking you are the shit.
get experience and dont dick around on the main roads, go to backroads and make sure you know the roads first.
never get a 240.. they suck a dude ran my buddys 90 300zx and the 300's motor was about to blow lol but the 240 still lost
and as for header or headers sohc or dohc doesnt make a diferents in the header its the cylinder count. or if you decide to customize one so you can run straight pipes or something of that sort with with 2 2to1 headers then run it to 2 muffelers and out the back or w/e