I’ve seen a couple 5 series raced before by beginners, and even automatic Mercedes. Very successfully at that. :gotme:
My advice:
Do a couple track days with the 540. Buy track pads (I’m a huge fan of Carbotech XP8 for street tires), bleed the brakes with ATE Superblue (~$250 total). And that’s it. Do not spend money doing siq suspension mods, power mods, or even tires (and if you need tires go to Fox Tire and by used, seriously ask for tires that won’t pass inspection, just have matching axle pairs). Do not waste your time, or devalue your car by gutting it. Drive.
Then take the time and re-evaluate if this is the platform right for you.
Do you want to build a track car or a race car?
I’m not familiar with BMW CCA racing classes, but there are few places where you could race a 540 competitively. Still, if you really HAD to you can wheel to wheel race the 540 you could.
You can see the base class for the 540 is PTE** (and then based on mods it moves up classes).
The cheapest way to get into wheel to wheel racing is either rent a car with a team for LeMons or Chump. Probably second cheapest way is buy a pre-built and LOGBOOKed car for SCCA ITA/ITS and also be legal to race in NASA PT class.
http://www.improvedtouring.com/forums/forumdisplay.php?f=65
actually a good price for winning car: SCCA, Improved Touring for sale on RacingJunk
cheap: SCCA, Improved Touring for sale on RacingJunk
cheap: SCCA, Improved Touring for sale on RacingJunk
looks o.k. ish: Nissan 300zx - SCCA ITS
I can’t find like 4 source that I used to use.
Oh yeah, read some rules while you’re at it:
http://www.nasaproracing.com/rules
www.scca.com/clubracing/
http://www.scca.com/assets/2013%20GCR%20mobile-February.pdf
Chime back in after you’ve done a couple track days with the 540 and let us know if you are going to stick with the platform.