In need of some touring car electrics and gearing advice.

[Oh How Original]

So I recently found out a place very near me has a little 10th scale touring car track and they meet every Sunday.
I quite fancy getting involved in it, meet new people etc... My background in RCs is basically large scale stuff, so not used to smaller scale or electric.
I'm looking at the Schumacher Mi1 or Team Associated TC4.
Firstly, are these a good basic car to start off with?
Not wanting to blow the bank as I don't even know if I'll enjoy it yet and how often I'll be going.
Also wondering for a relatively small tight circuit, what brushless system would be good for 2s lipo running and can anyone give me advice on gearing?
I'm not sure if it'll help at all, but I've put a picture below of the track, to give you some idea.
So any advice on the above subjects would be greatly appreciated
(ideally don't want to spend over £150 if I can help it, in case I smash it on the first corner )