[racer]

"Is this a good idea" comes down to everyone's take on personal finance and risk concerns. While race cars can be insured, I often think of them as being disposable, and having money that can be ill afforded to be "lost" is a personal issue I guess.

Classic cars carry less risk, imho, assuming they aren't bought as an "investment".. essentially bought on speculation that their value will increase.. but again, this a more a personal concern/approach than per se a "good idea".

If you have access to capital and a way to pay off incurred debts, whether its a car/boat/home etc may not matter in the end.