GTA Online has been out for 7 years... and since then there have been a huge number of vehicles getting added to the game. With the map of the game being huge, you would need to get a vehicle to travel around as soon as possible.

In this article, we would list out the top 5 fast and cheap cars under 500k in GTA Online that players should buy.

5 - Pegassi Monroe

Price: $490k with a resale value of $294k

The Pegassi Monroe is a Sports Classic car. Its design is heavily inspired by the Lamborghini Miura with elements from the Ford GT40 for the front fascia. The taillights are based on the Chevrolet Corvette Stingray.

Pegassi Monroe
Pegassi Monroe in GTA Online

The car is included in the standard version of the game. It has a max speed of 122 miles per hour but the other stats like acceleration, handling, and braking aren’t as good.

4 - Benefactor Schafter V12 (Armored)

Price: $325k with a resale value of $195k

The Benefactor Schafter V12 (Armored) is a luxury Sedan class vehicle that was introduced as part of the Executives and Other Criminals update. It has a top speed of  123.5 with fairly good acceleration and handling.

Benefactor Schafter V12 (Armored)
Benefactor Schafter V12 (Armored) in GTA Online

While this is not the fastest car on this list, the Benefactor Schafter V12 (Armored) is the only one with extra protection. If you need something fast and still able to take some damage, this car should be your best choice.

3 - Benefactor Schafter V12

Price: $116k with a resale value of $69,600

Benefactor Schafter V12
Benefactor Schafter V12 in GTA Online

>>> Read more: Top 7 Most Useful Vehicles In GTA Online To Complete Missions Faster

The non-armored version of the Benefactor Schafter V12 is much lighter than the armored version... and because of that, it is way faster. The top speed of this version is 124.25 with much better acceleration, handling, and braking. The Benefactor Schafter V12 is based on the 2010 Brabus E V12 Sedan.

The best part of this version is probably the low price of only $116k, which is easily affordable for most players.

2 - Vapid Pißwasser Dominator

Price: $315k with a resale value of $189k

The Vapid Pißwasser Dominator is a two-door racing muscle car appearing in GTA Online as part of the Cunning Stunts update. It has a top speed of 126.5 which is a noticeable update comparing to the Schafter V12... however, its acceleration and handling are slightly worse.

Vapid Pißwasser Dominator
Vapid Pißwasser Dominator in GTA Online

Overall, the Vapid Pißwasser Dominator is a decent drag racing car if you are on a budget. It is based on the real-life Ford Mustang.

1 - Pegassi Toros

Price: $498k with a resale value of $298.8k

Pegassi Toros
Pegassi Toros in GTA Online

The Pegassi Toros is the fastest car that you can get for under $500k. It was introduced in the 1.46 Arena War update as an SUV vehicle. The Pegassi Toros' top speed is 127.5 miles per hour - the 21st fastest car in the game. While you can't beat the top tiers vehicles, 21st is still faster than a lot of multi-million cars.

The Toros is based on the real-life Lamborghini Urus.

Interested in more of our articles related to the Grand Theft Auto Online? Please check out this post for the top 5 best heists in GTA 5 and GTA Online.