I was in exactly the same position a couple of months ago I use to race Pro Cats / Boss Cats in the early 90’s then stopped. I tried to get my son involved but have ended up just me having a race night and he is not so bothered now which to be honest is great! Schumacher still make great cars and im currently racing a Cougar KF, Speed Passion ESC, 7.5turn motor, LIPO Batteries and a Core RC 2.4 transmitter. The best advise as every body here will tell you is see what people at your local club use as you will be asking questions and its great when others have been through the same thing.
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