Start a new game and enter KICHIMI as aplayername.
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Purchase a 2003 Subaru Impreza WRX STi V-Limited. (AWD) and put on following upgrades.

Level 4 Nitrous (optional)

Level 4 Exhaust pipe

Level 5 Ignition System (must unlock)

Level 5 Supercharger (must unlock)

Level 4 Intercooler

Level 1 Suspension

Level 3 Drift Tires

Valve Stem LEDs (optional; more weight)

If done correctly the results will be:

Cost: $49,120

BHP: 586

Weight: 3907

Torque: 562

If desired, purchase The 2006 Chevrolet Corvette C6.R for $250,000 (U.S. dealership). Note: This car is already modified for racing and will not need any upgrades. It is a LeMans car and will have touchy steering, even at speeds of 150mph and above. Its stats are:

BHP: 570

Weight: 2437

Torque: 620

Drive: FR

If you want a fast car for about $120,000, purchase a 2006 Chevrolet Corvette C6 for $65,850 (not the C6R). Put on following upgrades.

Level 4 Nitrous ($1,350)

Level 4 Intake and Exhaust ($2,085)

Level 4 Fuel and Ignition System ($750)

Level 4 or 5 Turbocharger

Level 4 Intercooler

Level 4 Suspension ($6,000)

Level 4 Brakes ($5,200)

Level 4 Transmission ($4,600)

Level 4 Clutch & Flywheel ($3,295)

Level 4 Weight Reduction ($5,800)

Level 4 Tires (grip tires) ($1,500)

Level 4 Differential ($2,800)

Level 4 Oil Change ($800)

Universal Rear Spoiler Type 4 ($350)

Optional Parts:

Light Clusters ($250)

AME Rims Tracer Spec-M ($2,800)

Under-car Neons ($200)

Valvestem LEDs ($40)

Window Tint ($200)

NOS Purge ($40)

The result will be a car with 700 BHP and 225 Mph that is worth about $120,000).
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Use the following items to make a 1986 Toyota Levin go over 210 mph. Its specs are as follows.

BHP: 548

Weight: 2058

Torque: 376

Cost: $68,693

Buy the following items for it.

'85 Toyota Levin ($8,040)

Level 5 nitrous (must be unlocked) ($2,000)

Level 4 Exhaust Air Intake ($2,781)

Level 5 Fuel Ingection System (must be unlocked) ($5,000)

Level 5 Turbocharger (must be unlocked) ($7,195)

Level 5 Intercooler (must be unlocked) ($2,500)

Engine Swap ($15,000)

Level 4 Suspension ($6,429)

Level 5 Brakes (must be unlocked) ($5,200)

Level 3 Transmission (Top Speed)($2,500)

Level 4 Clutch and flywheel ($3,295)

Level 4 Weight Reduction ($5,800)

Level 5 Grip tires (must be unlocked) ($1,600)

Level 4 differential ($2,800)

Level 5 Oil Change (must be unlocked) ($1,000)

Full wide body kit ($1,500)

Note: If you a cheap car even faster, add the same upgrades to a Sprinter Trueno for a top speed of 240 mph.