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If I where you and in your position I would look for an older V6 Mustang. You should be able to find one of they for relatively little money. The V6 stangs have some nice potential, and they will also allow you to grow with the car.

As you get used to the power of the V6, you can add power-adders over time.

With the money that you save by getting a V6, put the rest into either an Index fund, Mutual Fund, or high-interest CD account. Eventually the money that you save will make enough money for you to add stuff to the car without touching the principal.
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