GM has fulfilled its promise of delivering its 1LE package on the 2013 Chevy Camaro for less than $40k, with the automaker announcing today that pricing for the factory-installed performance package starts at $37,035, including destination.

Invoking the original option offered on the 1989 Camaro and previewed in concept form at last year’s SEMA show, the 1LE package is all about making a car go around a race track faster. The latest package is essentially a $3,500 add-on for the 2013 Chevy Camaro SS coupe equipped with a manual transmission, and can be had in either 1SS or 2SS trims.

It features unique gearing, suspension tuning, and tires that make the Camaro capable of more than 1 g of lateral acceleration, and as proof of its performance GM has announced a lap time for the car of 2:58.34 for the famed Virginia International Raceway. To put that into perspective, the Camaro ZL1 with its 154-horsepower advantage is only around 6 seconds faster.

Built to meet SCCA Touring Class guidelines, though also aimed at the slightly pricier Ford Mustang Boss 302, the 1LE package combines the best elements of the SS and the ZL1 with a focus on handling. Some of the specific handling mods include custom monotube rear dampers, thicker stabilizer bars, ZL1-spec wheel bearings, toe links and rear shock mounts, and 20-inch wheels shod with 285/35ZR20 Goodyear Eagle Supercar G:2 tires.

Being based on the regular SS, the 1LE package sports the familiar 6.2-liter LS3 V-8 with 426 horsepower and 420 pound-feet of torque.

Visually, the car is distinguished by its matte-black hood, front splitter and rear spoiler, while inside it gets the ZL1’s flat-bottom steering wheel and short-throw shifter.

As mentioned, the 1LE package is offered on the 2013 Chevy Camaro SS. To read up about the rest of the 2013 Camaro range, click here.