so, an update on the idea. I've got a 79 four door bit for cheeeeeeap. Planned on throwing a tired, but running 1.6td in it, building a cage, and racing it in the 24 hour of LeMons in Nelson Ledges, Ohio this October. Due to financial reasons, I was unable to do so, but was shocked at the willingness of several friends to tear into the project... After talking to a few close friends about my lack of funding, I realized this willingness extended to financial support.
Still working out the logistics, but the basics, we are forming a car club, meeting a weekend or two a month, and working on the car in my garage. everyone chips in initially for a membership fee, and then small membership dues are collected every week. buy a turbo diesel rust bucket for the engine, strip it of everything else valuable, take the 79 bit to car shows, and sell off the parts at shows/swap meets to pay for insurance/plates/reg, and car show entry fees, along with entry to races the car is capable of participating in (auto/rally x, LeMons, 2010 GRMC, etc)
Any input/ideas would be great. Thanks!