More Young Drivers Investing in Racing
More Young Drivers and their Families are Investing in Racing.
CHARLOTTE, NC- Tuesday evening, more than 100 young drivers took to Charlotte Motor Speedway for the 20th Annual Summer Shoot-out Series. It's an event that grows larger each year as more families choose to invest in the sport.
For 17-year-old Reid Wilson, becoming a driver has been his dream since he was 8 years old. In third grade, he had the chance to meet and interview Nascar Driver Jeff Gordon. From there, he was hooked.
In the beginning, his mom Rita Wilson was not only concerned about her son's safety, but also the costs involved.
"We could buy a nice house with the money that we've spent on racing," says Wilson.
Before Reid's 9th birthday, he got his first car: a used $4,000 Bandolero he found on Craigslist. From there, he graduted to a $14,000 Legend series car.
Barry Wilson says like any sport, you can put as much money into racing as you want.
He says for a child just getting into the sport, families can expect to spend about $15,000 a year on car expenses and upkeep.
For dedicated, full-time drivers like Reid, families can expect to pay anywhere from $75,000-$100,000 a year.
To make racing more affordable, cars can be rented for races.