Set to go up against the likes of the BAC Mono, Ariel Atom, KTM X-Bow and the VUHL 05, the Magnum MK5 is yet another contender for the best lightweight street and track car on the market. The Canadian race car company has built, on paper at least, what could be the biggest threat to the aforementioned heavy hitters. Powered by a mid-mounted four-cylinder that produces 220 horsepower, it blasts from 0-60 mph in only 3.2 seconds and has a top speed of 150 mph.

Power is sent to the rear wheels via a six-speed sequential gearbox and limited slip differential. All told, the two-seat MK5 has a dry weight of just only 1,200 lbs. Riding on a set of 18-inch ultra-light alloy wheels wrapped in high-performance, street legal tires, the car also has a race car-like pushrod suspension. Magnum claims owners will experience 2 g of lateral forces. The body, of course, is made entirely of carbon fiber and is even removable for easier maintenance. Orders are currently being taken, but Magnum claims that just 20 units will be built per year at a cost of $139,000 a pop.