The Spec MX-5 Challenge series has received quite a bit of feedback that the $45,000 season price, including use of a Spec MX-5 race car, offers good value. Nonetheless, some drivers have also asked what the timing of payments is. To clarify, payments may be spread out over time:
When are payments due?
Once drivers have signed the season contract, the payment schedule consists of 6 payments of $7500, starting on February 1 and continuing until July 1.
What is covered?
The $7500 payments cover entry fees, tires, fuel, fluids, brake pads, nitrogen, mechanics, transport of the race cars, tool usage and car rental. Driver travel, accommodations and meals are not included. Crash damage is billed separately.
Payments for repair of crash damage require a pre-season deposit are then due upon invoicing (sometimes it takes a few days or more after an event to assess the required repairs).
Is insurance available for crash damage?
Yes. The series offers season insurance for crash damage. Insurance will cost $2000 per event, with a $5000 deductible.
If you have questions about payments for the series, contact:
About Spec MX-5 Challenge
Spec MX-5 Challenge is an affordable pro road racing series with a focus on driver development and a top prize of $100,000. In 2018, its ten-race regular season in the East will run at Virginia International Raceway, Summit Point Raceway, Road Atlanta and Monticello Motor Club. The ten-race Central season will run at NCM Motorsports Park, Circuit of The Americas, Hallett Motor Racing Circuit and NOLA Raceway Park. The top seven drivers from each region will compete at a championship-deciding event at Road Atlanta in November. The twenty drivers selected for the series pay $45,000 and receive full arrive-and-drive services, including transport, entry fees, tires, fuel, mechanical work, engineering and the use of a race car. For more information on Spec MX-5 Challenge, visit: