Guys I thank you for all your input. I have decided to skip on the car at this time. I just don't have the space to store the thing for the winter. I also have a Major change with racing next yr, that is going to effect my plans for later in the season.
My other sport I come from Snowmobile drag racing, I know all to well the pitfalls of buidling a new vehicle. Buying a used race has it drawbacks too. Just to use an example a competive 3 cylinder 1000 cc 260hp motor new is going to run is about $10,000

and that is just for the motor less carbs. FYI pistons are 150 each, rings 50 bucks, cylinders are 1,300 each, crankshaft is 2,500, ive seen crankcases go for 3,000, Carbs are 500 each and a set of custom pipes are 1,200.. And you can make these things junk in seconds. Ive personally seen motors that have been showhorned back together, chassis that have severe damage that has been hidden by repairs, and a 15lbs clutch spinning at 10,000rpm break into pieces and damge sled and driver. So I have some issue's with buying certain 'RACED' parts including chassis. From where I come from this sport is cheap for the most part. Thanks for the input. John