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If it was $60 for the year and you could do unlimited events at no cost then that would sounds reasonable to me.
Comparative to other events it may seem cheap to those used to paying the higher prices, but when you're used to driving for free, $100/day+ other expenses doesn't seem very economical. I can totally understand why others do it though.
No membership required to just hang around and watch right? Where are these events usually held?
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