A drift scooter comprising a longitudinal frame including opposed leading and trailing end portions. A steering assembly is pivotably disposed on the leading end portion and includes a transverse member with two wheels rotatably supported on opposite ends of the transverse member. A stem is fixed in perpendicular orientation relative to the transverse member and a handlebar is connected to the stem. A rear wheel assembly is pivotably disposed on the trailing end portion, wherein the wheel assembly pivots about an upwardly extending pivot axis. The rear wheel assembly is preferably biased toward a centered position, aligned with a centerline of the frame. A resilient member is connected between the frame and a leading portion of the caster. The resilient member may be in the form of an extension spring. Means for adjusting the tension of the extension spring may also be included.