Every Weds. at Infineon raceway in Sonoma there are street legal drags. It only costs $20 to race your car all evening. They even have a program where teens can race the cops! Instead of placing others' lives at risk, see if there are any street legal drags in your area.

The last time I went to these races there was an e55 racing a m5.
The e55 was in the high 12.60's and the Bimmer was pumping solid 12.40's! I'm not sure what he did to his car but it was quick. There was also a Jag running 13's.