Kevin Allen wrote:
So I've been thinking some more...
What kind of options are there for a rwd, decently-powered (including TORQUE), fun, track-ready & reliable car for around $5-10k? - Preferably closer to 5k.
I'm thinking BMW, Miata, 240SX(?), but want to hear some experienced opinions...
Kevin
Kevin,
You might want to consider V-8 pony cars (Mustangs and CamaroBirds). They, like every other car short of a real race car like Matt's Radical, have disadvantages. However "slow on the straights" isn't one of them. Brake upgrades (rotors and calipers and better pads) are readily available and relatively cheap. So are extra wheels and tons of other stuff.
Another consideration is that even major stuff that might be bad in a used car is cheap. Brand new transmissions for my car are about $1000 and about the only thing that breaks them is drag race style shifting. They all come with limited slip diffs.
I don't know how reliable the CamaroBirds are but Mustangs are very reliable and just about anybody can work on and fix them cheaply.
Since the same basic packages have been sold for years, pick a price range and go shopping. You can probably get good cars in your price range as new as mid 90's.
If you are looking at track events that restrict passing to the straights, having a better handling car just means you get frustrated in the twisty bits by the cars with more power who passed you on the straights

Not that the pony cars are that "slow" in the twisty bits. Miata's are great autox cars but if you look at road tests for them and V-8's you will see the difference. Ditto for most of the other moderately priced rwd stuff.
Edited to add: I just checked Edmunds pricing for 99 Mustang GT's. Looks like they are at the high end of your range. Starting in 99 (the "angular" body style) the "regular" Mustang GT's got significant HP improvements and somewhat better front brakes and somewhat better rear suspension (wider track and more travel). Wheels are 17 X 8. Cobra/Bullitt/Mach 1 brakes are a bolt on to the GT's.