Take a look into the Annsman and Associated section on here...that will give you loads of info about the Madrat / Xpro and B4.
Both are solid enough...the Madrat has been around for a year or so and has a racing version (Xpro)...which has a few upgraded parts on I think and JE Spares are selling them cheap at £80 right now...only a couple left at that price.
The B4 has a much longer history, better parts availability and much more support as most people seem to have run one at one time or another, and every club has them running round! Might stretch your budget slightly, but is a race winning car that will scale with your ability and practice!
Maybe start out with a cheap sensorless brushless system to begin with...the EZrun systems for example are amazing value, and would be fine to begin with.
Lipo batteries are a must...1 pack will do you for club racing, and they last loads better than NiMH's both in terms of run time and overall cycles.
You'll soon remember what this game is like...once the bug bites you'll be able to keep spending...funds allowing...but you can start simple!
Enjoy!
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