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That could be a great deal, especially with a few expensive reliability updates done.
Give us a little more info on your path. Track + street driver for DE/TT or immediate dedicated track car. What racing or DE groups run in your region and at what tracks.
If you want to race, you need to choose a class that fits one or more organizations rules to build your car for competition. Seeing what classes run locally should help you decide where you fit and ultimately seal the deal on your budget. $12K sounds good for a start, but the money pit get much deeper and larger quickly,
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