seems a bit like the LOSI 810. it neither 1/10th or 1/8th true scale and as such would not be much use racing with either class.
would probably make a good fun car or something to chuck round a track at a club night (just ask the race director which class he wants it in.
as it says its closer to 1/8th scale you might get away with putting it in with SCT's at some clubs.
If you really do want to buy a good spec car and want to spend around that sort of money there a alot of cars out there which would make a good starting point and be race-able as and when needed, best bet as always is find out what local clubs run and whats popular there so you get an idea of what scale and class you fancy