Want a fast car for less than $50k? You're spoilt for choice.

Rapid Finance on 18 August 2016

  • Here are 10 fast cars available for less than $50k.
  • Includes hatches, V8s, Minis and more.
  • Need a fast car loan? We could help.

When it comes to affordable performance, in Australia, there has never been a better time to buy.

Whether you're after a hot hatch, a gutsy V8 muscle car, or a powerful yet practical family vehicle, there are no shortage or great options from which to choose.

Sure, you won't get a premium German sedan, or a full-on Italian sports car for less than 50 grand, but get behind the wheel of any of the following vehicles, and you'll be unlikely to care.

Here is our top ten list of the fastest, most fun, and most furious speed machines available for less than $50k (new) in Australia today.

Volkswagen Golf GTI

The Golf GTI is the quintessential hot hatch. It's been thrilling drivers for more than four decades and has never once gone soft. Today, the GTI is better than ever; it's better-looking, sportier, and, of course, faster.

2016 volkswagen golf gti

Image courtesy of caradvice.com.au

Ford Focus ST

If the Golf GTI is the legendary, fast small car, then the Focus ST is the new kid on the block. While it doesn't dethrone the GTI as king of the hot hatches, it certainly does come close.

Ford Focus ST 2015

Image courtesy of caradvice.com.au

Subaru WRX STI

Driving a Subaru WRX STI is probably the closest you will ever get to competing in the World Rally Championship (WRC). The STI is nothing short of a souped up and stripped back rally car.

2016 subaru wrx sti white

Image courtesy of caradvice.com.au

CarPowerTorque0-100km TimeEstimated Top SpeedFrom Price

Volkswagen Golf GTI

162kW

350Nm

6.5 seconds

246 km/h

$42,990

Ford Focus ST

184kW

345Nm

6.3 seconds

242 km/h

$38,990

Subaru WRX STI

221kW

407Nm

5.2 seconds

250 km/h

$49,490

Note: Estimated speeds based on available data, actual 0-100 times and speeds may vary. From prices are based on 2016 new vehicle values, they may not include all on road costs. Additionally, prices may differ depending on your location and local dealership.

Audi S1 Sportback

The baby Audi doesn't have the grunt of its larger brethren, but its 2 litre turbocharged four cylinder engine is never short on thrills. Make no mistake, the S1 is a pint-sized rocket for the road.

Audi S1 Sportback 2015

Image courtesy of caradvice.com.au

Holden Commodore SS

Car manufacturing may be coming to a close in Australia, but that doesn't mean the industry can't still deliver a winner. The 2016 Commodore SS is a fitting finale for the Aussie made V8 muscle car.

Holden Commodore SS 2016

Image courtesy of caradvice.com.au

Mini Cooper S

Michael Caine drove the Mini Cooper into movie history in the 1969 film 'the Italian Job', and since then, the British made small car has remained a favourite amongst drivers and critics alike.

Mini Cooper S 2016

Image courtesy of caradvice.com.au

CarPowerTorque0-100km TimeEstimated Top SpeedFrom Price

Audi S1 Sportback

170kW

370Nm

6.3 seconds

250 km/h

$49,900

Holden Commodore SS-V

304kW

570Nm

4.9 seconds

230km/h

$48,490

Mini Cooper S

141kW

280Nm

6.7 seconds

240 km/h

$38,050

Fiat 500 Abarth 595

Abarth has been taking Fiat made cars and tuning up their engines for over 60 years. And, that experience shows. The Abarth 595 is the standard Fiat 500 with everything inside turned up to 11.

2016 Abarth 595 2016

Image courtesy of caradvice.com.au

Mazda 3 SP25 Astina

Mazda doesn't exactly have a reputation for speed machines, however, if they make a few more like the SP25 Astina, that might soon change. The SP25 is a Mazda, but not as you know it.

Mazda 3 SP25 Astina 2015

Image courtesy of caradvice.com.au

Ford Mustang EcoBoost

The EcoBoost may not have the engine note of the V8 model GT, but it is still every inch a Mustang. It's a touch over $50k in price, but still, it's worth every extra dollar you'll spend.

2016 ford mustang ecoboost

Image courtesy of caradvice.com.au

Ford Fiesta ST

For less the than $30k, the Ford Fiesta ST really is exceptional value. You get all the practicality and creature comforts of the standard Fiesta, plus the speed of that tuned up 1.6 litre engine. It's fantastic.

Ford Fiesta ST 2015

Image courtesy of caradvice.com.au

CarPowerTorque0-100km TimeEstimated Top SpeedFrom Price

Fiat 500 Abarth 595

103kW

206Nm

7.9 seconds

204 km/h

$27,500

Mazda 3 SP25 Astina

138kW

250Nm

7.7 seconds

230 km/h

$35,040

Ford Mustang EcoBoost

233kW

432Nm

5.6 seconds

233km/h

$50,390

Ford Fiesta ST

134kW

240Nm

7 seconds

230 km/h

$29,750

"When it comes to affordable performance, in Australia, there has never been a better time to buy."

Finance your own speed king.

Want to finance one of the cars on this list? Or do you have your own speed king in mind? We could help you to find the right car loan for your budget, needs and situation.

At Rapid Finance we've been helping Australians finance their dream cars for over 15 years and we may be able to help you too - even if you have a less than ideal credit history.

Find out more about Rapid Finance Car Loans.