I learned to drift in Forza 4 with a Fanatec CSR. Kinda basic, but it taught me the basics. Eventually got curious enough and pulled my inherited Volvo S70's handbrake in an abandoned parking lot. It was great fun, and I needed new rear tires anyways. But being 16, I didn't stop there One icy, high school snow day, I took that same Volvo out on the partly icy streets in a new development and pulled off some great full length drifts. With just a FWD sedan, N/A 5cyl, and a lot of hand braking, it was somewhat less risky as well. I remember bringing my father along one time and flipping out the rear end as we approached a raised, moderate curve. Mid-corner, on the other side of the hill, popped up a car and the two young guys inside start waving their hands around in excitement and laughing because it was quite a spectacle. Then I hit a curb on the way to school and destroyed the rear right suspension. Ah, memories. Same model as pictured below:
Note how he destoryed the car at the end of the video. That's why you don't drive your daily hard. And it's not really "drifting" it's just whipping tha handbrake up and keeping the front going and spinning the backend out. Used to do it all the time when I had an old banger.
I prefer drifting in FWD vehicles, because it's the easiest to pull a handbrake turn and control it. Also, you can hit up a nice Scandinavian flick with it, and that looks amazing.