How would you build a relatively cheap 200 mph+ car?

Question

I want to build a car that will do 200mph and still be able to drive it on a regular basis. Not a daily driver, but an every now and then sports car.
There are two ways I see going through this process start from scratch or just add parts to an already assembled car. I already know weight, hp and aero dynamics plays the largest roll. I also know that I want a 6 speed AWD transmission.

What kind of car should I start with?
OR
What kind of frame should I use?

What kind of engine should I use?
Turbo or Supercharged, which is better?
What type of AWD, 6-speed transmission would work best?
Anything else helpful?

Any real input would be helpful, especially if you actually know what you’re talking about and not just full of B.S.

Answer 1

I would start with a 'vette, and improve it from there. Take your notes from the oval track types, and make sure you get good tires. The stock 'vette is already aerodynamic, has a great engine,
basically the car's set up to go fast right off the showroom floor. You can get into a used vette for not TOO much, but you'll have to do some comparison shopping there....

Answer 2

As far as engines go, consider, the 426 hemi with 465 HP which you can order as a crate engine and they have two other pulling 528 HP and 610 HP. There are web sites where you can order them with super chargers already on them pulling around 900 to 1000 HP. If you look at what is running in the pro funny cars, they are all Hemi's. They may have Chevy or ford written on them, but they are all Hemi's. and the Hemi is the only engine ever ban by NASCAR. However, they are expensive. They start at around $10,000.