Bang For Your Bucks’s price ceiling was meant to fence off the event from super-expensive, super-fast cars. The thinking was this would leave Performance Car of the Year, with its jaw-dropping vehicles, as this magazine’s ‘blue ribbon’ event.

However, Audi’s RS3 was looking to tear that blue ribbon in half. When it faced off against Mercedes-AMG’s A45 earlier this year, it tore a chunk out of Affalterbach’s hatch with a 3.95sec sprint to 100km/h. That would’ve been faster than 80 per cent of last year’s PCOTY field.

Audi -RS3-BFYB-rear

Unfortunately, though, this formula wasn’t so alchemic come game day. Even with its seven-speed dual-clutcher’s launch control, it just couldn’t extract that magic three-second sprint. Firing from a standstill on a cold Benalla morning it tagged 100km/h in 4.23sec on its way to 12.42sec quarter.

That’s certainly not snoozing. It was enough to clinch second in both disciplines against a troop of big-boost sixes and V8s. But perhaps more importantly, it trailed the A45 by 0.05sec.

Audi -RS3-BFYB-side

How does this fare out on track? Well, not quite as you’d expect. Audi boasts the RS3’s all-wheel drive system can shoot all of its 465Nm rearwards for ‘drifts’, but only when its front boots slip first.Don’t think that makes the RS3 a boring steed. You just have to tip-in with some lift-off to involve the rear-end. Its chassis is so friendly you can throw it around all day, ready to catch it with a clear, crisp steering rack.

Audi -RS3-BFYB-badge

Better yet, that margin proved so big that even a lowly ninth for its Bucks rating didn’t drag down its overall place – even with $3680 of options making the car more expensive than all but the M2 and TT S.So Audi’s RS3 is friendly, fun and fast enough, but a better side-step and a drop in dollars will squeeze a better result from the formula next time. For now, it’s third place for the RS3 – and an intact blue ribbon for us.

Audi -RS3-BFYB-wheels

WARREN LUFF SAYS 05 “I’d prefer to see something a little more exciting with better feedback”

“This thing is a little pocket rocket, but one of the limiting factors is you struggle through the tight stuff. You roll through in third and then when you’re getting ready to jump on the throttle it kicks back to second on corner exit. In terms of overall lap-time, I think it costs a fair bit of time and doesn’t help with the balance of the car going into the corner.

“The overall dynamics are quite impressive, it has very good initial turn-in, but it’s glued to the ground and so well-balanced that it takes away some of the enjoyment from what you could potentially get out of the car.”

TIMES 0-100km/h: 4.23sec (2nd) 0-400m: 12.42sec @ 183.76km/h (2nd) Lap time: 1:37.6sec (4th)

SCORES Price: $82,580 Bangs Index: 129.5 Bucks Index: 85.6 BFYB Index: 163.5

Want more? Check out the rest of 2016 Bang For Your Bucks.