A limited budget doesn't need to spoil your dreams of owning a fast car. You can find several pre-owned sporty models for less than $15,000. Take a closer look at these bargain buys to find fast cars under 15k that fit your driving preferences and your budget.
Cadillac CTS-V (First Generation)
According to Testing Autos, the first-generation Cadillac CTS-V is an affordable sports sedan with a powerful motor. It's relatively cheap because its underwhelming sales figures never reflected its quality. Its specs include:
- LS6 V-8 engine (later models have an LS2)
- Six-speed manual transmission
Mitsubishi Lancer Evolution
Mitsubishi developed its Lancer Evolution for rally driving, so you know it has pace. Recent models tend to maintain their value. However, early Evolution Xs often sell for less than $15,000.
Porsche 911 (996 Generation)
Owning a Porsche 911 on a tight budget doesn't have to be a dream. Just zero in on a 996-generation vehicle. Admittedly, this Porsche's specs aren't quite as impressive as some of the other 911s, according to Road and Track. However, it's worth making compromises if a Porsche is your dream vehicle.
Porsche Boxster (987)
The 966-generation 911 isn't the only budget-friendly option for Porsche fans. The Porsche Boxter 987 also has what it takes to impress people who love driving fast, and its convertible body lets you feel the breeze on your face for a fun and enjoyable ride. This second-generation Boxster is as reliable as it is good looking.
Lexus IS300 (early 2000s)
What the Lexus IS300 lacks in looks it makes up for in performance. Its impressive specs include:
- 2JZ straight-six engine
- Rear-wheel drive
- Five-speed manual or automatic transmission
Lexus SC (300 or 400)
The Lexus SC is another bargain buy from the Lexus lineup. The Lexus SC300 gets its power from the same naturally aspirated 2JZ motor as the IS300. In comparison, the SC400 has a gutsy V-8 motor, which is also seen inside the Lexus LS400. Both SC models are excellent choices for budget-conscious fans of performance cars.
Ford Mustang SVT Cobra
Many pre-owned Ford Mustangs are under the magic $15,000 mark, but the SVT Cobra is one of the best. It looks great and has the kind of style that turns heads. Its independent rear suspension also serves you well when cornering on twisty roads. According to Car Engineer, you can also upgrade to a titanium exhaust and dramatically improve the sound of this sports car.
Nissan 370Z
The Nissan 370Z is largely unchanged since its inception. That means that there's very little difference between a new, expensive version and an earlier model. You'll find pre-owned Nissan 370Z cars with a few miles on them for less than half the price of one that's brand new.
BMW M5 (E39 or E60 Generations)
The E39- and E60-generation BMW M5s are some of the world's most acclaimed sports sedans. Their performance capabilities can satisfy anyone who loves speed. The E39 was the first M5 with a V-8 engine, says AutoBlog, and the E60 has an even beefier 500-hp V-10 motor. So why are these cars from one of Europe's most prestigious automakers so affordable? Unfortunately, they are notoriously unreliable.
When you're spending just $15,000 on a vehicle, you should at least have some money left over for those inevitable repairs. Keep in mind that the six-speed manual transmission M5s have simpler systems than the ones with automatic transmissions. With fewer parts and functions, less can go wrong, so they're usually more reliable.
BMW M3 (E46 Generation)
Like the BMW M5s, the E46-generation BMW M3 is another budget-friendly choice for fans of the brand's early 2000s automobiles. It's lighter and sportier than the M5, so you'll make a strong impression behind the wheel. Don't worry about seeing high mileage on the speedometer. With proper care, they can happily travel thousands of miles, making it an even better bargain.
Honda S2000
The Honda S2000 ticks all the boxes for speed freaks on a budget, per HotCars. It handles like Mazda's famous Miata, and Honda's celebrated VTEC power system helps it perform. There's very little to fault, and you may be surprised to hear that there isn't a catch. Honda just overestimated demand and made far too many S2000s. Since they're not rare, you can find them at much more reasonable prices than some other pre-owned sports cars.
Chevrolet Corvette (C5 Generation)
It doesn't matter whether you choose a little, red Corvette or one in another shade. The C5-generation Corvettes have one of the auto market's best performance-to-price ratios. If you're looking for value for your dollar, you'll find it in these Corvettes.
Subaru BRZ, Scion FR-S, and Toyota 86
These cars are essentially the same vehicle with different badging. They're all very user-friendly, so they're perfect for new drivers. However, the motors give a bit of extra power that drivers can explore once they get more confident on the road. This car trio's all-round capabilities make them great options for auto seekers on a budget.
Volkswagen GTI (Mark VII)
A pre-owned Volkswagen GTI represents great value for lovers of fast cars, no matter what generation you choose. They're fun to drive, well built, and very affordable. As the Mark VII cars are clocking up the miles, their prices have started to fall below $15,000.
Pontiac GTO
A Pontiac GTO isn't the flashiest car on the road. However, its real beauty sits underneath the hood. Its powerful motor stands out against your favorite muscle cars, including Camaros and Mustangs. Don't be surprised if you even grow to love its unconventional looks over time.
Subaru WRX
The Subaru WRX is a sure-footed speed demon that is as comfortable tearing up the highway on a bright, clear day as it is during the rain. Do your research and you can easily find a high-quality WRX for less than 15k.
Ford Fiesta ST
The Ford Fiesta ST was released in 2014, so the first cars sold have depreciated dramatically since they drove away from dealerships. While their value may have fallen, this hatchback hasn't aged a great deal. It can still compete with modern vehicles, and its looks haven't dated either. Private sellers and dealerships have many great examples of this modern Ford classic priced at less than $15,000.
A tight budget won't buy a brand new sports car, but it can buy you a pre-owned gem. Be patient in your search, and you can afford the high-performance vehicle you've always hoped for.
Information and research in this article verified by ASE-certified Master Technician Duane Sayaloune of YourMechanic.com. For any feedback or correction requests please contact us at research@caranddriver.com.
Resources:
https://www.autoblog.com/2011/09/22/2012-bmw-m5-first-drive-review/
https://www.car-engineer.com/best-titanium-exhaust-system-full-tips-tubing-and-piping-review/
https://www.hotcars.com/of-the-fastest-cars-available-for-under-fifteen-thousand/
https://www.caranddriver.com/reviews/a15150817/2001-lexus-is300-first-drive-review/
https://www.caranddriver.com/reviews/a15140813/1999-ford-mustang-svt-cobra-tested-review/
https://www.testingautos.com/top-10/sporty-cars-under15k.html
