Adding a chip? I bet you can get a ROW flash that eliminates the immobilzer for around that price.
From Pedro's website
The DME
Quote:
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For special applications, such as race cars, we can now eliminate the immobilizer function, allowing the driver to not need the key to start the car.
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I'm sure Brad can point you to a resource as well. It's all in the software, adding a sim is not a good solution.