The Teg and 240 are both good cars for ITA. If you will be racing mostly at a tight track, the Miata seems to be the car to have. Both the Teg and the Miata have great after market and technical support. Not sure about the 240. Any of them can win a race. Of course, I also think Saturn's make pretty good ITA cars!!
Best advice as Jim said, buy one that's already built. With my first I didn't have the budget to buy (or even race). I spent the first couple of years doing HPDE events and slowly building the car. Final step was to put a cage in it and go racing!! But it also put me years behind in the developement of the car and the driver.
You can get a decent (reliable) ITB or ITC car for under $4K.
Jeff L
ITA Miata
2010 NARRC Champion
2007 NERRC Championship, 2nd place
2008 NARRC Championship, 2nd place
2009 NARRC Championship, 2nd place
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