The chump car series states fair market value of 500.00. Regardless of purchase price.
Way more difficult.
Official rules...
"If you cheat or screw-up or both... you'll be docked laps. If you come to Tech Inspection with a car that's worth $1,500... plan on starting the race about 100 laps down from everyone else. You can still run in the race and you'll have a great time... but you’ll never win. If that doesn't bother you, you're our kind of Chump!"
Lets go.