Wow! Sounds like fun...I already know about understeer though - it's how I ended up writing off my little peugeot 105. Went a little bit too fast round a roundabout with the wrong camber after seeing my friends band play and the car bumped over a curb sideways and wrapped itself around a lamppost - that was nice of it!
I almost did this the night i got my brand new 206, was pissing about on an under-construction housing estate with a mate. Came sooo close to rolling it.
Gone 4 and a half years without crashing it since though

Still, buying a new car whilst in 6th form with only a part time job was the stupidest thing in my life and i'm never doing it again. no matter how much money i earn. *mutter* Fucking repayments *grumble*