Growing up, most of us lusted after the affordable possibility of one day owning a real muscle car. Sure, it can cost a pretty penny to own one of the rarer collectibles, but a drivable muscle car can be had for under $10,000. Save for cars like the 2014 Corvette, though, even the cream of the domestic crop must bow before the performance capabilities of Europe’s best supercars.

But there could be a new alternative on the horizon from Supercar Systems. Motor Authority reports that this new startup is promising to deliver a $69,999 supercar that can compete with anything from Italy or Europe, and it will utilize GM-sourced V8s to provide up to 694 horsepower.

Supercar Systems hasn’t released too many details other than a rendering that shows a fairly minimalist take on car design. What we’re saying is that it’s not the prettiest car, but it never claims to be. It is instead designed to be a fully-configurable mid-engine supercar with a multitude of options, but a base price of under $70,000, with at least 452 horsepower on tap, and a 0 to 60 MPH time of 3.0 seconds flat. That is supercar territory, and even on its best day the 2014 Corvette takes at least 3.8 seconds to reach 60.

That leaves us wondering which engines Supercar systems has planned. The new Corvette’s LT1 engine seems like a distinct possibility, as does the GM LS9 engine based on the intercooler shown in the rendering, though not in the base model supercar, as the LS9 crate engine alone costs over $20,000. The LT1, however, should be much cheaper given its use in the $54,000 Corvette Stingray, though Supercar Systems seems intent on outperforming even GM’s sports car masterpiece.

Can it be done on such a budget?