You don't need to spend Porsche prices to get a new car with a bit of pep. Forbes worked with Edmunds to put together this list of the ten quickest new cars for under $30,000.

The base Ford Mustang GT gets a price drop of $500 for the 2012 model year, bringing the 5.0 'stang's starting price down to $29,995. Full pricing and options list for the GT, GT500 and Boss 302 below.

Missouri-based coachbuilders RetroBuilt offer these '69 Shelby GT500CS replicas built off the unmodified underpinnings/interior of a 2005 or later Mustang GT. Go-fast bits available to match the Shelby-licensed looks. It's as wholesome and natural as skittles dipped in fake chrome.

Ford has issued a technical service bulletin for six-speed manual-equipped 2011 Ford Mustang GTs built before 4/25/2010. Seems at high engine RPM, the clutch pedal might not return from the floor after a shift. Save the manuals?

Ford Racing's announced a 2.3-liter supercharger kit for the 2011 Mustang 5.0-liter V8, which makes a staggering 624-hp and 536 lb-ft of torque. Cost? $7,499. Sorta makes the $18,000 supercharged 550-hp Shelby GT500 option seem overpriced. [MustangsDaily]

The new 5.0-liter V8 beating heart of the 2011 Ford Mustang GT will be available August 15th as a crate engine from Ford Racing Performance Parts. The new 5.0-in-a-box carries a suggested retail price of $6,999.00.

Vaughn Gittin Jr. is a drifting superman. Rob Dyrdek's a skateboarding fanatic and wild idea generator. Put the two together in a Ford Mustang and set 'em loose on a skate park designed for cars. Weird genius? Yes.

Steve Saleen's SMS has taken a crack at the new 5.0-liter Mustang with the naturally-aspirated, SMS 302 Mustang producing 440HP/400lb-ft of torque and the roots-supercharged 535HP/450lb-ft SMS 302SC Mustang. Of course there's a whopping-big spoiler and also the upcoming 351X.

Some publications do burnouts with V6-engined Mustangs. Not that there's anything wrong with that, but we're not like those kind of publications. Instead, we've got this — the first burnout of a 2011 Ford Mustang GT. The 5.0 is back!

Mustangforums member "luckydawg003" wasn't so lucky when he took his remote starter-equipped, manual transmission Mustang GT to Brandon Ford in Florida for some service. They remote-started the car in gear and it ended up submerged in a holding pond.