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as well as some height reduction in stance...
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Yep, always the first thing, get the car lowered! I suggest Skunk2 Coilovers.
As for a good performance mod, you can never go wrong with an AEM Cold-Air Intake. Makes the car sound great and gives a great deal of power for relatively cheap -- $180ish @
www.importhorizon.com
That should keep you busy for a while.