What about a rebuild of a classic car instead? can be just as fun as a kit car and cheaper over all guy at my local garage does both and says he much prefers fix er uppers.
Depends on how much work needs doing and how the builder feels about putting rusty things back together. Personally I can see the attraction of both, but if I was doing a restoration I'd want to think very carefully about costs before I start - it can quickly spiral out of control once you start putting shiny back together.
Ah yes I agree there is potentially alot more work in restoring a car, I'm hopefully going to go help rebuild the door panels on Vw bug today with carbon fibre. I think it also depends if you have a certain element of nostalgia for a car.
So how much are we looking for a kit build? I'd love to do a Caterham 7. They hide the prices on there website it seems.
Not sure about the Caterham 7 but I did decide on the DAX 427 and I reckon £25k + justified to the wife by saying that's over 5 years LD