$300 USD will get you a pretty good car.

XMODS they are really small, they can fit on your palm*, They are fun and all but personally I wouldn't say they are "Hobby Level"

I suggest getting a 1/10th scale car, RTR (Ready-to-Run), If you havn't had much time with RC cars.
But if you have had experience, go with a kit, they are around $100-500

For a radio, go with brands like Airtronics, Associated, Futaba, Hitec, etc.


Here is [link=http://www.rcuniverse.com/forum/m_6327870/anchors_6327870/mpage_1/key_/anchor/tm.htm#6327870]The Beginner's Guide to Drifting![/link]