Go and speak to the people at the clubs there are often deals to be had on good used equipment.
I went and watched at a few clubs until I decided on road was for me. From watching I picked up that most were using Tamiya and Schumacher chassis and that they all ran 13.5t motors with the exception of a few silvercans.
Technology has progressed quite a bit since you last raced
Radio's generally are 2.4ghz frequency and do not require crystals or get interference
Batteries are generally 2cell Lipo, better power to weight
Motors are generally brushless, maintenance free
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