well you can buy a hatch, about 4gs, great condition, drop a k20, 6000Gs, and do about 2gs in upgrades, and you will have an all motor Honda beat your buddys 11.9 camaro, while making way less than 460whp, around 230-240whp.
You do need money to go fast, but you do not need a vette or any V8.
Who needs more than 4 Cylinders??