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When going out to shop for a new car there are a couple of things you need to have in mind as basics. Some of the most important things that most people look for in a new car are power and price.
Updated October 2021: If you have $50,000 burning a hole in your pocket and you want to get behind the wheel of one of the fastest new cars that money will buy, you'll be pleased to know that we've updated this article with even more fast cars.
If you are a gearhead, then you have a proper understanding of why power is important. When most gearheads are left to their own devices, then only fast and powerful sports cars will be parked in their garages. With this pandemic, it has not been easy when it comes to finances. However, this does not mean you cannot get yourself a sweet ride on a budget.
Here is a detailed compilation ranking the fastest new cars for under $50,000 that you can get in 2021.
12 Ford Mustang GT Performance Package - 0-60 In 3.9 Seconds - $44,625
If you are looking to buy American muscle then you can be assured that you can never go wrong with a Mustang. For the 2020 Ford Mustang GT Performance Package, a $44,625 deal is one you cannot let pass. This ride is the fastest car you can get your hands on for less than $50,000.
This Mustang is powered by a 5.0-liter V8 engine that is paired with a 10-speed automatic transmission. The engine in the Ford Mustang GT Performance Package produces a staggering 460 horsepower. 3.9 seconds is all it takes for this car to do a 0 to 60 mph run.
11 Toyota Supra - 0-60 In 3.9 Seconds - $49,990
2020 saw the return of a legend, the Toyota Supra. With this came the aim to make sure that this car was not just a beautiful masterpiece, but one that regular people could afford. The Toyota Supra base model starts at $49,900.
This made it that the base trim model was a need more than it was a want. This trim variant was powered by the 3.0-liter inline-six BMW engine that develops 335 horsepower. This powertrain sees the 2020 Toyota Supra clear a 0 to 60 mph sprint in 3.9 seconds.
10 Chevrolet Camaro LT1 - 0-60 In 4.0 Seconds - $34,000
The price for muscle cars seems to be dipping every waking day. The 2020 Chevrolet Camaro is LT1 is one of the many outstanding muscle cars whose price has over the past couple of months been refined to suit the everyday Joe.
For $34,000 you can now get your hands on this beauty. Under the hood of the Chevrolet Camaro LT1, sits a beautiful V8 engine that comes fitted with a standard 6-speed manual transmission. The power output from this engine is 455 horsepower.
9 BMW M240i xDrive Coupe - 0-60 In 4.2 Seconds - $47,800
There are very few cars that can take up BMW when it comes to the balance of power and luxury. And now to make things better you can get all this for a $47,800 steal. The BMW M240i xDrive Coupe is a lightweight ride that is built for both daily driving and wild track weekends.
This German beauty is powered by an inline-six turbocharged engine that is paired to an 8-speed automatic transmission. The power output of this powerhouse is 335 horsepower that is sent to the all-wheel-drive drivetrain.
8 Dodge Charger Scat Pack - 0-60 In 4.3 Seconds - $39,995
If you are in the market for a cheap but decent muscle car then you should consider getting the 2020 Dodge Charger Scat Pack. With a wide range of options when it comes to this ride you want to be sure to pick the right one. The base trim for the Dodge Charger Scat Pack features a V6 powertrain that pushes 292 horsepower.
However, if you want more power without going beyond your $50,000 you need not look far. Within the same lineup there is a beast that pushes 485 horsepower and delivers a 0 to 60 mph run in 4.3 seconds. All this for just $39,995
7 Tesla Model 3 Long Range - 0-60 In 4.4 Seconds - $46,990
Tesla cars will always remain an enigma depending on who you ask. If you had told someone twenty years ago that electric cars will be performing better than some of the most powerful gasoline cars nobody would have believed you.
The 2020 Tesla Model 3 Long Range is rated among the fastest cars in a straight line. This car’s dual-motor all-wheel-drive system pushes the car from 0 to 60 mph in 4.4 seconds. On a single charge, the 2020 Tesla Model 3 Long Range can travel 322 miles. All this coupled with its fast-charging capabilities, you can get the Tesla Model 3 Long Range for a bargain of only $46,990.
6 Audi S4 0-60 - In 4.4 Seconds - $49,900
Shopping for a car on a budget means you do not have the flexibility or wiggle room to go above your set budget. However, when you come across a deal that leaves you with pocket change why not go for it?
The Audi S4 is a compact luxury sedan. This ride has the face of a tamed executive sedan, however, under its hood sits a beast ready to pounce when needed. The Audi S4 is powered by a 349 hp 3.0-liter turbocharged V6 engine that is mated with 8-speed automatic transmission. The Audi S4 manages a 0-60 sprint in 4.4 seconds and costs $49,900.
5 Genesis G70 3.3T RWD - 0-60 In 4.5 Seconds - $44,650
Not many new players can claim to have the popularity of the Genesis series cars. The Genesis G70 is one of the most popular cars when it comes to getting a sedan powered by a beast. This ride is using by the same powertrain as the one used in the Kia Stinger.
The 3.3-liter twin-turbo V6 engine is fitted with an 8-speed automatic transmission. The power output from this engine is rated at 365 horsepower, which is sent to the rear wheels. The Genesis G70 3.3T reaches 60 mph in 4.5 seconds. For $44,650 you can have this executive sedan as your daily driver.
4 Dodge Challenger R/T Scat Pack Widebody - 0-60 In 4.5 Seconds - $44,995
When it comes to muscle car royalty the Dodge Challenger is somewhere at the top. This American beauty has over the past 51 years served Dodge enthusiasts all over the world. The Dodge Challenger SRT RedEye has caught the eye of many car enthusiasts. However, the Dodge Challenger R/T Scat Pack Widebody offers almost the same satisfaction as the RedEye, but on a budget.
Under the hood of the Dodge Challenger R/T Scat Pack Widebody sits a 485 hp 6.4-liter V8 engine. This engine is paired with either a 6-speed manual or 8-speed automatic transmission. The Dodge Challenger R/T Scat Pack Widebody accelerates from 0 to 60 mph in 4.5 seconds. For only $44,995 you can have this beauty parked in your driveway.
3 Audi S3 0-60 - In 4.6 Seconds - $43,000
If you are looking for a car that has both a wild and tamed personality all wrapped in one, then you should consider getting the Audi S3. This small compact luxury car is ideal for daily driving and wreaking havoc on the weekend on the track.
The Audi S3 is powered by a 2.0-liter turbocharged four-cylinder powertrain that pushes out 288 horsepower. This car clears a 0 to 60 mph sprint in 4.6 seconds. You can get your hands on a brand-new Audi S3 for $43,000.
2 Kia Stinger GT - 0-60 In 4.7 Seconds - $39,500
The Stinger may wear a Kia badge on the front and comes off a bit like the average mild-mannered fastback sedan, however, looks can be deceiving. The Kia Stinger GT is very much a wolf in sheep’s clothing, as a 3.3-liter twin-turbo V6 that pushes out an impressive 365-horsepower can be found under its hood.
That's enough power to send it from 0 to 60 mph in a mere 4.7 seconds if the owner opted for the eight-speed automatic and rear-wheel drive, but Kia also made the Stinger available with all-wheel drive. In addition to the largest engine available in the Stinger lineup, the Stinger GT also has a limited-slip differential, Brembo brakes, and stylish 19-inch wheels. Kia even offers powertrain coverage that lasts 10 years or 100,000 miles.
1 Mercedes-AMG A35 - 0-60: 4.7 Seconds - $45,000
The standard Mercedes-Benz A-Class might be the gateway to Mercedes ownership, with prices starting as low as $33,000. However, those looking for a more performance-oriented car should fork over $45,000 for the Mercedes-AMG A35 instead. This car is sure to get any gearhead's heart racing, as the base-model's 2.0-liter turbo lump has been upgraded from the stock 188 hp to a much more enticing 302 wild horses
The power is sent to all four wheels via an upgraded seven-speed dual-clutch automatic transmission. The power and grip help send the baby-Benz to 60 mph in just 4.7 seconds, and AMG also upgraded the suspension and driving modes so the car is able to handle anything the driver throws at it.