There are all kinds of cars available out there - some focus on luxury, some on speed, and some which provide a blend of affordability and practicality. Whichever kind of car you are looking for, there is no doubt that there is something available for you.

Most fast luxury cars are likely to take a heavy toll on your wallet. However, the bright side of the automobile industry is that there are a number of options out there for you to choose from.

There are a range of diverse choices out there, and thus, if you cannot pay 6- or 7-digit figures for a fast car - that is perfectly fine. You are not bound to drive slow cars for your entire life. You can reach your desired speeds within your budget.

We have prepared for, a list of 15 budget-friendly cars capable of reaching speeds of 150 mph:

15 Chrysler 300C SRT8 - 173 Mph - $10,000

roadandtrack.com

The Chrysler 300-C was released in the market to serve as competition for the Mercedes E-Class AMG and the BMW M5. It was a performance-oriented sedan consisting of a powerful 6.1-liter V8 Hemi engine capable of reaching a top speed of more than 170 mph. While initially overlooked, today, the 300C is a bargain.

RELATED: Here Are The Most Affordable Cars With More Than 300 Horsepower

14 Chevrolet Corvette (C5) - 175 Mph - $15,000

roadandtrack.com

The C5 was the 5th generation of the Chevrolet Corvette, and it was released in 1996. Till it was replaced in 2005, it had a highly successful run. The C5 came with a 5.7-liter V8 engine which could power the car from 0 to 60 mph in under 5 seconds.

13 Chevrolet Corvette ZR-1 - 180 Mph - $20,000

hagerty.com

When the ZR-1 was introduced in 1989, it had a reputation for being the fastest Corvette ever built. Alongside having a very classy exterior, the ZR-1 also had a V8 engine that could produce 375 horsepower, power it to 180 mph, and take 4.5 seconds to go from 0 to 60 mph.

12 2004-2006 Pontiac GTO - 175 Mph - $10,000

roadandtrack.com

To this day, it is still confusing as to why the 2004 to 2006 Pontiac GTO experienced low sales considering all the amazing aspects this car has to offer. While its appearance might not be a huge seller, the key is its engine which can produce 350 and 400 horsepower across its trim and a top speed of 175 mph.

11 Porsche 911 Turbo (997) - 193 Mph - $50,000

autoevolution.com

The Porsche 911 Turbo is known for being highly durable, quick off the line, and capable of blazing through corners. One of the most reliable cars to have ever been produced, it is also extremely fast with the capability of going from 0-60 mph in around a mere five seconds.

10 Chevrolet Corvette C6 ZR1- 205 Mph - $45,000

Chevrolet Corvette C6 ZR1- 205mph - $45,000
Via CorvSport

It is widely known that the Chevrolet Corvette C6 ZR1 is one of the most successful Corvettes to have ever been produced. It comes with a supercharged 6.2-liter V-8 engine rated at 638 HP and capable of producing 604 lb.-ft of torque. It can go from 0 to 60 mph within a very impressive 3.4 seconds.

9 BMW M5 (E60) - 205 Mph - $14,000

bmwheaven.com

The BMW M5 had what it took to perform exceptionally in curved roads, straight lines and corners. A refined powertrain and a strong V-8 engine were the ingredients behind the extreme power of this car. As icing on the cake, this car is also known as one of the best looking BMW models ever.

RELATED: 10 New Affordable Sports Cars Under $35,000 (And 10 Under $75,000)

8 Bentley Continental Flying Spur - 194 Mph - $42,000

rvcj.com

Compared to its predecessor, the Flying Spur showcased a sportier appearance. It was the first four-door Bentley capable of achieving a top speed beyond 200 mph. It was powered by the iconic W12 engine. When this car was introduced, it ended up setting a brand-new standard in the luxury car market.

7 Nissan GT-R- 195 Mph - $49,000

caranddriver.com

The Nissan GT-R is nicknamed “Godzilla” which is self-explanatory. It is a beast capable of anything. It is powered by a 3.8-liter, twin-turbocharged VR-Series V6 engine, the secret behind its incredible performance. It is capable of producing up to 600 horsepower - a feat one can only be in awe of.

6 Dodge Charger SRT Hellcat - 204 Mph - $48,000

thecarconnection.com

The Dodge Charger SRT Hellcat is known for being able to resist all kinds of harsh circumstances out there. It is also famous for being America’s sole four-door muscle car with an available all-wheel-drive system.

5 Dodge Viper SRT-10 - 190 Mph - $48,000

mecum.com

The SRT Viper is, undoubtedly, one of the most powerful cars to have been produced by Dodge. It is powered by the SRT-developed 8.4-liter V10, and also consists of factory headers and a low-restriction exhaust system - all of which contribute to the production of 640 horsepower (40 more than the initial production model).

RELATED: 20 Of The Cheapest Cars That Go Really, Really Fast

4 Ferrari F355 - 183 Mph - $50,000

hagerty.com

This car was introduced as Ferrari’s bargain on the cover of the 1994 July issue of Performance Car Magazine. It is the last hand-built Ferrari, but also the first to have embraced the modern technology of today. This car is just as desirable and popular today as it was when it was released in 1994.

3 Ford Mustang - 180 Mph - $47,795

Ford Mustang fast car
via Motor Trend

Ever since this car was released in 1965, the Ford Mustang has always performed exceptionally well on the road. In 2015 the Mustang came with 2 engine choices, either a 5.0L V8 with 435 hp or a base 2.3L turbocharged four-cylinder Eco Boost with 310 hp. We definitely recommend going for the bigger V8 engine!

2 Nissan 370Z Nismo - 179 Mph - $45,490

topgear.com

The rear-drive Nissan 370Z is the ideal choice for retro-lovers looking for a modern driving experience. The base model comes with a 3.7L V6 engine capable of producing 332 horsepower, while the Nismo version can deliver 350 horsepower. If you want a car that can catch everyone’s attention and is budget-friendly too, this is the one for you.

1 Dodge Challenger SRT 392 - 182 Mph - $49,195

autoblog.com

The third-generation Dodge Challenger has a 6.4-liter V8 SRT Hemi engine capable of producing 485 horsepower and 475 lb-ft of torque. This car can reach a top speed of 182 mph and can accelerate from 0-60 mph within 4.2 seconds. If you want power, this is your car.

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