All of the following cars are in the 13 second 1/4 mile club and can be purchased for under $60,000!

The best performance buy? A Subaru Impreza WRX- 13.8 @101.0 ($28,660).

Accura TL SH-AWD- 13.7 Sec. @ 102.3 mph ($44,195)
Audi S4 Quattro- 12.9 @108.8 ($53,500)
Audi TTS- 13.2 @105.2 ($52,075)
BMW 1 Series M Coupe- 12.9 @108.4 ($50,460)
Camaro SS- 13.1 @109.3 ($42,180)
Charger R/T- 13.7 @104.2 ($39,235)
Challenger SRT 392- 13.0 @109.8 ($44,380)
Mustang 302- 12.3 @117.2 ($47,990)
Shelby GT500- 12.4 @119.4 ($55,330)
Infiniti G375 Sport- 13.6 @105.6 ($40,085)
Mitsubishi Lancer Evo GSR- 13.0 @106.2 ($34,755)
Mitsubishi Lancer Evo SE- 13.2 @104.3 ($36,550
Nissan 370Z- 13.5 @106.6 ($39,540)
Nissan 370 Z Touring- 13.4 @106.8 ($41,895)
Subaru Impreza WRX- 13.8 @101.0 ($28,660)
Subaru ImprezaWRX STI- 13.4 @100.6 ($39,870)

(Source: November 2011 Road & Track)

 

That is an impressive list. I will have look into a Impreza.