Buying a race car can often be a time-consuming, stressful experience - much like selling a race car!
There are many different brands, models and specs to consider when you’re trying to find your true love for the track.
Some race cars can only be entered into certain leagues or series. Others only suit certain types of tracks. What about pricing and costing? Buying a race car is a minefield of information to think about.
Racing Edge is here to help you. Here are five handy tips for buying a race car:
How To Buy A Race Car
1. What is it you need?
Before you even start looking at the Racing Edge Paddock for potential race cars to buy, ask yourself this: what is it you want from your new race car? What do you need from it? Single-seater or Cup Car? Once you’ve worked out what you’re looking for, scanning the market becomes a lot clearer and easier.
Several factors can help you decide this. What leagues or series are you interested in? Which racetracks are closest to you? What cars are eligible to race there? This will save yourself time, effort and spending money on a car you can’t take to your local track. Research takes time and a lot of mental investment but believe us when we say it’s worth it when buying a race car.
2. Work out your budget – and stick to it
Working out your budget is one of the most important things when it comes to buying a race car.
We all have dream race cars we’d love to own – but if it’s way out of your price range, don’t waste the energy! Working out your budget from the start of your journey will save you a lot of time.
Do some market research on pricing and costing. What is a good price for that model? That way you’ll have an idea when a car is overpriced or undervalued – then you can start asking why that might be.
Consider how rare the car is. What parts/upgrades are used on it? Consider if sellers command a higher price based on what upgrades the car has, or if the engine is freshly rebuilt.
Will you need track or engineering support? More on that below.
3. Research race cars within your budget
Once you’ve worked out your budget to buy your race car, you can get into the nitty-gritty of researching the vehicles you can afford. Leave no stone unturned as you look for the perfect fit – the research and hard work will pay off, trust us!
Target a race car that matches your experience and driving style. If you’re new to motor racing, look at buying a race car that is set up and ready to race. Make sure the model you’re looking at comes with all the necessary, fully-approved safety equipment and is safe to race. Be on the look out for fire suppression systems, race harnesses, FIA spec-approved roll cages.
If you’re going to spend a lot of time in the driver’s seat, make sure it’s a comfortable one!
Gather and read as much information on the car, brand, model, factory specifications and any upgraded parts used.
Try to find out how many hours are on the engine, gearbox, transmission, axles etc. – and whether the car comes with spare parts.
Find out where the car is located, how much does shipping cost – is shipping even possible to where you live? Once you’ve exhausted every avenue, you should have a clearer picture of what race car to buy.
4. Track and engineering support
If you are new to motorsport, you need to investigate track and engineering support before buying a race car. This is something that is often overlooked as it’s not usually included or mentioned in race car listings. It is not something that is usually included in the race car sales package, so it is worth spending some time researching your options.
Who will help set up your car at the racetrack? Who will make sure your tires, fuel and engine are all race-ready?
Factor this into your budget and overall cost before you buy a race car, to avoid any unwanted (and expensive) surprises!
5. Transportation and storage
Another key factor when buying a race car is transportation and storage. Because a lot of modified race cars aren’t road legal, you won’t be able to drive it from your house to the racetrack!
A lot of racetracks around the world offer garage space for rent and storage – it is worth giving your local racetrack a call and inquire about availability and cost of storing your race car. Think about how much space you need and always cater for the storage of spare parts and set-up equipment.
If you already have a garage or a place to store your race car, factor in transportation costs to and from the racetrack. Do you need a specific size trailer? How much will it cost in fuel if you’re transporting it every week?