First off, just plan on the cop showing up.
Second, no offense to you Chris, but it really annoys me when people blame having a fast car being problematic when its all about self control. In your case, I do not see it being a self control issue that is why I am exempting you from that aspect. But the idea that you would sell your car because its too fast is pretty ridiculous. A 14 second car is quick and can get you into trouble too. You simply had an incident of wrong place at the wrong time.
Now if you were constantly being a moron and flogging the gears through town and traffic and got 2 or 3 tickets and said I need to get rid of this car I would be the first to say please do, but thats just not the case.
Probably the most annoying thing I hear people say regarding this topic is "I cant get a crotch rocket cause I'll kill myself". Not relating to other people hitting them, but rather their "need for speed". It's about as immature as something I'd expect from a freshman in high school. To me what that translates into is "I am so immature, retarded, and have zero self control that I will drive so crazy and so fast that I kill myself". Amazing.
I say talk to a lawyer.