Dont go spending vast amounts on equipment that supposedly makes you faster - get gear that's reliable and practice being a consistent driver and race finisher before lashing out on the bling and hype of the model race car world. Try and get more than one person's 'good advice' and don't make rash decisions.
The only expensive stuff I would consider buying from the outset would be tools.
The most important thing is to enjoy the experience and the camaraderie, learn from it all, winning is merely a bonus.
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