it doesn't sound like your short on cash or you wouldn't be getting $40,000.
http://www.my105.com.au/classified.asp?id=8132
Thats what i'd buy, they have about 150 odd horsepower which doesn't sound like much but they destroy the latest Ford GT40 around a track and have roughly the same 1/4 mile time so there not lacking in performance.
or
http://www.my105.com.au/classified.asp?id=8102
Formula 3, fair bit quicker, dangerous if you have never raced open wheelers before though
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