This is probably not your best option for a car ESC. Not sure what other constraints you have (motor/battery etc), but there is another thread with a discussion on budget ESCs. The Hobbyking ones are generally cheap. Suitable for a lot of things, but not generally used by racers. For example, something like this: https://hobbyking.com/en_us/hobbykin...w-reverse.html

Some considerations to keep in mind:

• What battery are you using? Is it a LiPo? what voltage?
• What motor do you have? Is it brushed/brushless? If brushless, is it sensored? What size and turn specifications does it have?
• Car weight/size/gearing will all influence how it will perform, but I imagine for a school project, your objective is not a speed run