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There aren't enough race cars or cheap used cars out there to feasibly create a spec series right now
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you may be onto something there. I bet E30 can be had for $2000 running while even my banged up FRS fix did cost me $10k.
Argh I may simply go race on my own until more FRS get ready for a series then. I'll certainly keep it fairly close to stock except suspensions anyways.