I am considering entering club racing in 18-24 months or so, and want to try to set out a budget for my first season. I would imagine it would be more cost effective to acquire an already-race modified car, instead of buying a cheap M3 and modifying to race-spec myself. I have seen some club racers in Roundel for $17K-$20K, so I figure that there is at least $10K worth of safety and performance equipment in there. If someone with club racing experience can help me out here that would be appreciated.
I set the 18-24 month time frame in order to learn more from drivers schools (I have done 7 and plan to do 1 every 6 weeks or so this year) and have enough time to properly prepare a car.
Any other advise is appreciated.